Bitduke

Squeeze Momentum Strategy based on Indicator [LazyBear][Bitduke]

I improved Squeeze Momentum Indicator by LazyBear (momentum filter, changed data source to ohlc4) and transformed it into a strategy, adding a risk management system + ability to customize time frames for backtest.

Shortly about Squeeze Momentum Indicator:
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).


Backtested on XBTUSD , ETHUSD (Bitmex). As you may notice it shows good results on 1h - 4h timeframes on these timeframes among these pairs. Relatively low drawdown ~ 12% (to date).
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?
Trading Bot💰: https://twitter.com/BitcoindukeBot

Twitter ⏩: https://twitter.com/bitcoinduke
Telegram ⏩ : https://t.me/bitdukejournal

Sign up using my ref link to obtain access to my algos :
FTX (get 5% of fees back): https://ftx.com/#a=bitduke

Kommentare

I think is's not possible to detect the exact high of a candle to exit :-(
+3 Antworten
Bitduke StevenMichiels
@StevenMichiels, why do you think so? Strategy closes the trade not on highs but according to integrated risk management system, i.e by stop loss or take profit.
Antworten
The script is so broken. Disable the trailing stop and it doesn't work. TV has infamous issues with the trailing stop.

If it looks too good to be true, it probably is.
+1 Antworten
@jmoz, yep, it should be tested without Trailing stop.

It's better to use a new version instead (TP, SL in %)

Antworten
Thank you for posting. Mr.Bitduke.
your script is excellent and skillful!
I'am trying to backtest your script and modifying longcondition, shortcondition,SL...etc.
Can you tell me the values of the picture about (Net profit 127.7%, 289 Total Closed Trade, 78.89 % Percent Profitable...)
+1 Antworten
Bitduke deitydoll
@deitydoll, hi, better using a new version of script in my profile -> .

I fixed issue with TP, SL, now it can be indicated in percents and works correctly
+2 Antworten
hey does this repaint?
Antworten
Bitduke edrsvc
@edrsvc, Nope, but it requires improvements, because of weird stop losses, I'm going to update it this month.
Antworten
edrsvc Bitduke
@Bitduke, okay is this with alerts?
+1 Antworten