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Broker:

Pair:

Timeframe:

BYBIT

BTCUSD.P 

5 Minutes

The Main Indicators used for this Strategy are the Trendlines with Breaks Indicator, a Moving Average for the Baseline and a Volume Indicator to filter out low Volume.

Long Entry Rules:
When the Price Action is above the Baseline and the Trendlines with Breaks Indicator gives an Entry Signal and the Volume Filter gives 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 red Line for the Stop Loss and a green Line for the Target.


The Opposite is true for Short Signals:

When the Price Action is below the Baseline and the Trendlines with Breaks Indicator gives an Entry Signal and the Volume Filter gives 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 Long Trade and 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

TRENDLINES WITH BREAKS

Length:

Slope:
Slope Calculation Method:

Show Only Confirmed Breakouts

MA FILTER

Type:

Length:

Source:

VOLUME:

MA Length:

RVOL Trigger:

FLIP SIGNALS:

Flip Buy Signal to Short Entry

Flip Sell Signal to Long Entry

OPPOSITE SIGNAL

Close Position when opposite Signal...

RISK MANAGEMENT

Lookback:

ATR Multiplier:

Risk:Reward:

Risk per Trade %:

24

1.6

Atr

Disabled

HMA

116

Close

30

1

Disabled

Disabled

Enabled

7

2

1

1

 

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

Upper Break

Lower Break

Upper

Lower

MA Filter

 

Volume Square Buy

Volume Square Sell

Confirmed Buy Signal

Confirmed Sell Signal

Stop Loss

Target

Labels

Lines

Tables

Trades on Chart

Signal Labels

Quantity

Costumize Color, Label Type, Label Position

Costumize Color, Label Type, Label Position

Costumize Color, Thickness, Line Type

Costumize Color, Thickness, Line Type

Costumize Color, Thickness, Line Type

 

Costumize Color, Label Type, Label Position

 

Costumize Color, Label Type, Label Position

 

Costumize Color, Label Type, Label Position

 

Costumize Color, Label Type, Label Position

 

Costumize Color, Thickness of the Stop Loss Line

Costumize Color, Thickness of the Target Line

Enable / Disable

Enable / Disable

Show or hide the Backtester Display

Show or hide entered Trades

Show or hide Signal Labels of entered Trades

Show or hide the Quantity of entered Trades

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