cyatophilum

Tom Demark Sequential Custom Strategy

This is my first strategy. Be harsh. Disclaimer : I am a beginner in trading.
We will focus on eth/btc market.
It is based on Tom Demark's buy/sell setups and countdowns indicator that I published earlier, so I will not re-explain the indicator here.
At first I couldn't make it successful. The countdowns and setups alone aren't enough. I tried several things and noticed a pattern : I will try to explain it, because I don't expect you to understand the heck code I wrote..

What it does is :
For buy condition :
- A sell setup just started, and 4 bars prior to that we were in a buy countdown (buy setup completed and countdown started. Not waiting for a long countdown. It doesn't happen very often). The countdown required is either 1 or 13 depending on wether we are in a bullish or bearish trend ( SMA is used to recognize that) : it assures to be ULTRA safe when buying on a bullish trend and selling on a bearish trend .

For sell condition :
- A buy setup just started, and 4 bars prior to that we were in a sell countdown. Same here with the countdown check depending on trends.


Thanks for your feedback, I am interested to know what you think !
Versionshinweise: I added the commmission fees and we can see that this strategy is not profitable anymore.
This is a very old script. Please check my more recent scripts!

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Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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