ZenAndTheArtOfTrading

Ultimate Pullback Strategy

What is the Ultimate Pullback Strategy?

This strategy script is based on my Ultimate Pullback Indicator which detects pullback trading opportunities by analyzing price action in a very specific manner.


By combining simple trend filters with various advanced candlestick patterns it detects high-probability trend-continuation setups (and optional exits).

If you use this script to set alerts then you will never miss a pullback trading opportunity ever again!

I personally use this indicator to profitably trade pullback signals in the forex markets on multiple timeframes, from the 15-Minute chart to the 4-Hour and Daily chart .

Note: This strategy companion script is only available for subscribers of The Ultimate Pullback Indicator.
Versionshinweise: Fixed ATR multiplier not working.
Versionshinweise: -
- Updated strategy script to match latest indicator script
Versionshinweise: -
- Fixed max rejection wick size setting bug
- Added option to ignore long or short setups
Versionshinweise: -
- Added option to change Moving Average types
Versionshinweise: -
- Fixed "Exit Reasons + Target" Bug
- Added "DEMA" Option
- Added Fixed Pip SL Option

I've also added a new setting - R:R To Trigger Exit.

Basically it works like this (for example) - if you set your regular R:R Target to 2:1, you set your Break-Even target to 1.5:1, and you set your R:R To Trigger Exit to 1:1, the script will perform like this:

- If price hits your stop loss it will be stopped out as per usual
- If price hits 1:1 it will begin searching for your selected exit reason(s)
- If price hits 1.5:1 it will move the theoretical stop loss to break-even
- If price hits 2:1 it will exit your trade for a profit regardless of the exit reason(s)

If you set R:R To Exit Trade to 0 it will disable that setting (it's disabled by default), and the script will only begin searching for an exit reason when your standard R:R under the Stops & Targets section is hit.
Versionshinweise: -
- A few bug fixes and minor improvements
- Added a whole bunch of alert customization for 3rd party APIs
Versionshinweise: - Added MA slope filter (won't take trades if MA has flattened)
- Added time-based filter (won't take trades during given time of day)
Versionshinweise: -
- Improved hammers & shooting stars detection
- Added start date filter
- Separated all the various alert conditions
Versionshinweise: -
- Better organized settings menu using latest Pine features
- Added trailing stop source option (high/low, close, open)
- Doji's are now detected based on % of bar size, not pips
- Removed slope filter as it wasn't working as intended
- Removed Stats Label as it has a display bug on the strategy version of this script for some reason
- Removed individual alert options from settings menu (they're now all listed under alert dialog)
- Added complete in-built AutoView automation functionality

To use AutoView alerts, make sure to set up the appropriate settings and then create an alert using "Any alert() function call". The script will then automate trade management based on however you've set up the script to behave.

For help with this, search "The Art Of Trading AutoView Guide" on YouTube. Enjoy :)
Versionshinweise: UPS Update:
-
- Many minor fixes:
- Removed deprecated transp parameters
- Fixed "1234567" on time function (to include weekends in time filter)
- Fixed some out-of-scope function call warnings
- Added AutoView Disclaimer
- Added minimum hammer size compared to ATR to prevent detecting tiny hammers & stars
- Added lowest low/highest high lookback to hammers & stars
- Added option to round SL pips to remove decimals (on by default)
- Fixed SL label drawing over the top of Win label if both target & SL are hit on the same bar
- Removed "overwrite new trades" setting as it is not relevant for this script
Versionshinweise: -
- Fixed minor mistake with trade label text
Versionshinweise: -
- Fixed minor bug where script would take trades when ATR was null
Versionshinweise: -
- Released v3.0 of the UPI.
- Updated code to v5 of Pine Script.
- Improved pullback detection accuracy.
- Added PineConnector functionality for auto-trading.
- Updated course material to better explain how to use this script to trade profitably (including my personal strategy rules).
- A few other minor changes - check out the settings guide on my website or YouTube channel (link in my profile).
Versionshinweise: - Fixed some typos in settings & removed some code that wasn't used
Versionshinweise: - Fixed a potential bug with automation code
Versionshinweise: - Fixed time session filter bug
Versionshinweise: - Fixed bug with AutoView code which caused long position sizes to be calculated incorrectly
Versionshinweise: - Improved pullback detection accuracy slightly
Versionshinweise: - Updated code to work with AutoView changes to break-even functionality
Versionshinweise: - v3.04
- Temporarily added max_bars_back=5000 parameter to attempt to hotfix issue with "Pine cannot determine the referencing length of a series" until I find the culprit variable
- Added warning labels for trades that hit their take-profit AND stop-loss on the same bar (outcome requires manual confirmation)
Versionshinweise: -
- Updated ZenLibrary to v3
- Added option to select pips or price value for PineConnector entry limit order
- Added option to select pips or price value for PineConnector stops & targets
- Added debug option to display AutoView/PineConnector alert string
Versionshinweise: v3.06:
- Updated ZenLibrary to v5
- Updated code to be compatible with new PineConnector syntax
- Updated trailing stop to work with pips as well as price with PineConnector
- Added Spread Filter setting
- Added EAP SL Algorithm #2
- Truncated decimals on debug label for TP & SL price values
Versionshinweise: -
- Fixed time filter not working properly
- Removed 'when' statements which are now deprecated
Versionshinweise: Added Stop Loss price source option (allows you to specify what price to use for calculating your stop loss - eg. high/low, open or close).

My Resources Hub: https://theartoftrading.com
FREE YouTube Lessons: http://rebrand.ly/zyt
FREE Pine Script Basics Course: http://rebrand.ly/zpsbc
Pine Script MASTERY Course: http://rebrand.ly/zpsmc
My Indicators & Strategies: http://rebrand.ly/zmisc
Skript nur auf Einladung

Der Zugriff auf dieses Skript ist auf vom Autor autorisierte User beschränkt und normalerweise kostenpflichtig. Sie können es zu Ihren Favoriten hinzufügen, aber Sie können es nur verwenden, nachdem Sie die Erlaubnis angefordert und vom Autor erhalten haben. Kontaktieren Sie ZenAndTheArtOfTrading für weitere Informationen oder folgen Sie den Anweisungen des Autors unten.

TradingView rät davon ab, für ein Skript zu bezahlen und es zu verwenden, bis Sie dem Autor zu 100% vertrauen und verstehen wie das Skript funktioniert. In vielen Fällen können Sie eine gute Open-Source-Alternative kostenlos in unserer öffentlichen Bibliothek finden.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.

Hinweise des Autors

To request a free trial or purchase access to this script, visit my website (link in my profile!)

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Warnung: Bitte lesen Sie dies, bevor Sie Zugriff anfordern.