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MC GINLEY FOR BYBIT BTCUSDT.P 15Min

Broker:

Pair:

Timeframe:

BYBIT

BTCUSDT.P 

15 Minutes

The Main Indicators used for this Strategy are the Mc Ginley Dynamic the Larry Williams Proxy Index and the Trend Direction Force Index.

Long Entry Rules:
When the Mc Ginley Dynamic is green colored and the Confirmation Indicators give an Entry Signal, meaning that all 3 Indicators are confirming a Long Entry, then the Strategy prints a Long Entry Signal at the Close of the Candle. All Strategies are printing Long and Short Entry Signal at the Close of the Candle as the Signal must be confirmed by a Candle-Close. Depending on your Settings within the Risk Management Settings in the Strategy Inputs Section, this Script will automatically enter a Long Trade and it will plot a violet Line for the Entry Price, it will plot a red Line for the Stop Loss and a green Line for the Target.


The Opposite is true for Short Signals:

When the Mc Ginley Dynamic is red colored and the Confirmation Indicators give an Entry Signal, meaning that all 3 Indicators are confirming a Short Entry, then the Strategy prints a Short Entry Signal at the Close of the Candle. All Strategies are printing Long and Short Entry Signal at the Close of the Candle as the Signal must be confirmed by a Candle-Close. Depending on your Settings within the Risk Management Settings in the Strategy Inputs Section, this Script will automatically enter a Short Trade and it will plot a violet Line for the Entry Price, it will plot a red Line for the Stop Loss and a green Line for the Target.

This Strategy can be used for manual Trading and also for automated Bot-Trading as there is a built-in Alerts-Function to connect the Strategy to 3 Commas.

MY STRATEGY SETTINGS

SETTINGS: PROPERTIES SECTION

Recalculate on bar close: make sure to enable this Option.

This option enables an additional calculation on bar close, allowing market orders to enter on the same tick the order is placed which increases the accuracy of the displayed Backtester Results.

SETTINGS: STYLE SECTION

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