OPEN-SOURCE SCRIPT
The Box Percent Strat
Hi guys,
Version Zero (more work needed) of an idea I've been meaning to out into a strategy for a while. 🤯
This uses percent boxes🤔 instead of traditional indicators like RSI, MACD etc. 🤫
Takes the first close price of the series and creates a Top Band 10% up, buys if price reaches that level, and puts a stop on a Bot Band, 10% down
When the first trade is in profit by another 10%, it enters another trade and moves the stop of the first trade to breakeven ~ this way it only has one unit of risk at a time
/// Designed for LONG only on Daily, 2D or 3D Charts👌🏻
/// Uses fixed investment risk amount, meaning you're willing to lose that amount per trade
/// Limit buy to not overpay on entries
/// Idea Based on the Darvas system:
/// System only enters trades on strength, when prices equals of exceeds the green line
/// It ads onto the trades, but only *IF* the previous trade is in profit by the UpBoxSize percent size
/// The trailing stop loss is moved up, with the red line
/// A key idea is to only take one unit of risk at a time, meaning for a new add on trade to be taken, the previous trade should be in profit by the same box size as the new new trade's stop loss
/// This will keep adding trades again and again, and they will stop out at the same stop loss
/// Yellow Circles is an MA that filters out choppy areas -- this system only does really well on trending linear markets like: TQQQ, SSO, SPX, SPY
/// Base setting is 10% UpBox Size and 10% DnBox Size: 15% & 15% will be more accurate but fewer signals. 13% profit and 10% stop loss will give a higher risk to reward ratio
Version Zero (more work needed) of an idea I've been meaning to out into a strategy for a while. 🤯
This uses percent boxes🤔 instead of traditional indicators like RSI, MACD etc. 🤫
Takes the first close price of the series and creates a Top Band 10% up, buys if price reaches that level, and puts a stop on a Bot Band, 10% down
When the first trade is in profit by another 10%, it enters another trade and moves the stop of the first trade to breakeven ~ this way it only has one unit of risk at a time
/// Designed for LONG only on Daily, 2D or 3D Charts👌🏻
/// Uses fixed investment risk amount, meaning you're willing to lose that amount per trade
/// Limit buy to not overpay on entries
/// Idea Based on the Darvas system:
/// System only enters trades on strength, when prices equals of exceeds the green line
/// It ads onto the trades, but only *IF* the previous trade is in profit by the UpBoxSize percent size
/// The trailing stop loss is moved up, with the red line
/// A key idea is to only take one unit of risk at a time, meaning for a new add on trade to be taken, the previous trade should be in profit by the same box size as the new new trade's stop loss
/// This will keep adding trades again and again, and they will stop out at the same stop loss
/// Yellow Circles is an MA that filters out choppy areas -- this system only does really well on trending linear markets like: TQQQ, SSO, SPX, SPY
/// Base setting is 10% UpBox Size and 10% DnBox Size: 15% & 15% will be more accurate but fewer signals. 13% profit and 10% stop loss will give a higher risk to reward ratio
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
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.