Produced according to Bitcoin and Ethereum 1D, 1W, and 1M candle charts. When you use it for general stock charts or altcoins, make sure to backtest it thoroughly before using it. *To facilitate backtesting, this have a vertical line that allows you to easily specify the start time.๐
This indicator is simply based on the Engulfing patterns. I focused on finding inflection points and wrote them based on 1D chart.
โฒโผ Small and fat arrows: Displays simple engulfing patterns. (Displays only those whose lengths differ by at least 1.2 times from each other)
โโ Slim and long arrows: Displays actual trading. (Backtesting reflects this.) Compare the 7 lowest points to find the bullish Engulfing . Compare the 14 highest points to find the Bearish Engulfing . Switch the long and short positions to each other. Long/short position entry at the market price, mid-price, and closing price of Engulfing Candles.
The charts from 2014 to January 2023 were back-tested and the error ranges were calculated and adjusted in detail.
In conclusion, you can think of it as an Engulfing Pattern Finder tailored to the Bitcoin chart.
This is how I did trading before I made this indicator, and I programmed the trading method as an indicator and I think it's pretty reliable but... Please don't blindly trust ONLY the indicator(s).
///Properties setting Recommend/// Base currency : USD Oder size : 18% of equity Pyramiding : 21 (in plenty / Bcuz one deal is divided into three times.) Commission : according to the exchange's commission Recalculate : None Margin : never less than 50%
Versionshinweise
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-English description-
1. We have finally added Stop Loss function. -The default setting is 5%, but user can custom it. -Stop Loss can be set for each "Long/Short" in three separate sessions. -*Stop Loss is displayed as "SL_Long/Short".
2. Name improvement Names that could have been confused have been changed.
-Close Short -> Switch to Long -Close Long -> Switch to Short -Bullish Engulfing Long(1/3) -> CTK Long(1/3) -Bearish Engulfing Short(1/3) -> CTK Short(1/3) -Newly added : SL_Long / SL_Short
3. Change the initial setting value of the date setting 1 Jan 2023 -> 11 Nov 2921
-Close Short -> Switch to Long -Close Long -> Switch to Short -Bullish Engulfing Long(1/3) -> CTK Long(1/3) -Bearish Engulfing Short(1/3) -> CTK Short(1/3) *์ ๊ท ์ถ๊ฐ : SL_Long / SL_Short
3. ๋ ์ง ์ค์ ์ ์ด๊ธฐ ์ค์ ๊ฐ ๋ณ๊ฒฝ 1 Jan 2023 -> 11 Nov 2921
๊ฐ์ฌํฉ๋๋ค!
Versionshinweise
โ
-English description-
1. You can now set the sensitivity of the signal in the "Input" tab. - The lower the value, the more sensitive the signal is. - The default setting is Long10 / Short28.
2. Minor typo correction - Default value of the date setting : 11 Nov 2921 -> 11 Nov 2021 - CTK short -> CTK Short
2. ์ฌ์ํ ์คํ ์์ - ๋ ์ง๊ฐ ๊ธฐ๋ณธ์ค์ : 11 Nov 2921 -> 11 Nov 2021 - CTK short -> CTK Short
Versionshinweise
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-English description-
1. The indicator now cancels all orders from the opposite position each time the position is switched. 2. We solved the problem that the signal was not displayed properly when there was a gap between the previous day's open (or close) and today's close (or open) in the stock market. 3. The code has been briefly rearranged. //Updates are always developed in a more reliable direction. //This patch has significantly improved returns, but the goal is to improve losses as much as possible.
-English description- 1. The "Sensitivity: Long" item on the "Input tab" has been changed to make it easier to understand. Please set the "sensitivity: Long" to 7 to use the same as the old version released in February. (Default value is 5.)
2. Minor typo correction - CTK Long Long -> CTK Long
version 1.07 -English description- 1. UI improvement (Input tab) - Added version information. - We grouped "Senitivity" / "Stop Loss" to make them easier to distinguish. - Added tooltips to each item.
Hello, I'm testing your strategy. Thanks for your effort!
It had less Max Drawdown on previous versions. I tested with settings below. Max drawdown was 413USD BTCUSDTPERP - 1D Backtest daterange: 2019-09-20 โ 2023-03-01 Initial Capital: 1000 USD Order Size: 500 USD Pyramiding: 21 Commision: 0.04 Slippage: 1
After you've updated, the Max drawdown is 614USD. It looks that isn't better on improving losses after the updates.
gingin1327
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@serdar7434, Hi my friend. I'm so glad you tested my indicator.
Actually, the default value of the previous version has changed a little. Instead of changing the item "Sensitivity: Long (The lower, the more sensitive)" to allow the user to adjust, I set the default to be a little more sensitive. If you want to use the same setting as the previous(old) version, you can set the "Sensitivity: Long" item to "7".
If you want to reduce Max drawdown further, you can also set the "Stop Loss" value lower.
Thank you so much for the test and I hope you find your best setting!
*And I just updated a new version. *I recommend setting "Order size" to "18% of equity" rather than setting it to a specific amount.
I'm testing your strategy. Thanks for your effort!
It had less Max Drawdown on previous versions.
I tested with settings below. Max drawdown was 413USD
BTCUSDTPERP - 1D
Backtest daterange: 2019-09-20 โ 2023-03-01
Initial Capital: 1000 USD
Order Size: 500 USD
Pyramiding: 21
Commision: 0.04
Slippage: 1
After you've updated, the Max drawdown is 614USD. It looks that isn't better on improving losses after the updates.