TradingStrategyCheck

TradePro's Trading Idea Cipher Divergence EMA Pb Strategy

Here I present you on of Trade Pro's Trading Idea: Cipher B+ Divergence EMA Pullback Strategy.

Optimized the crypto pairBTC/USDT in the 30 minute chart.

There is the possibility to switch between short and long positions.

You can choose between 2 different take profit/stop loss types: The Lowest Low/ Highest High Stop Loss/ Take Profit and the ATR Take Profit/ Stop Loss.

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How does the strategy work?

ENTRY
Long

The price must be above the 200 EMA .
The price needs to make a pullback into the 50 EMA .

Right after that, the Cipher B indicator must give a buy signal, it must be below the zero line and the Money Flow cloud must be green.

Short

Contrary to the premise of long positions.

EXIT
Lowest Low/ Highest High Exit

The Lowest Low (long) / highest high (short) serves as the stop loss. The TP is formed on the basis of a factor.
(Long for example: *Lowest Low* multiplied by *Profitfactor* = TP).

ATR Exit

The value of ATR at the time of buying is multiplied by the value entered in "Profit factor ATR" and "Stop factor ATR". As soon as the price reaches this value, it is closed.

Important

The script must be optimized for each coin or currency pair. However, only the values for the profit factor, the stop loss and Lowest Low / Highest High are relevant.
Also, by changing the Chanel Length and the Chanel Average, you can create strong profit changes.



The results of the strategy are without commissions and leverage.

If you have any questions or feedback, please let me know in the comments.

If you need more information about the strategy and want to know exactly how to apply it, check out my profile. There I have created a tutorial for the function of the script.
Versionshinweise:
  • ATR Take Profit and Stop Loss plotted
  • Table added
  • shows last long and short position
Versionshinweise:
  • fixed a plot bug
Versionshinweise:
  • Settings updated
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?
If you are interested in the script and want to learn more about the settings and applications, check out my Youtube channel. There I regularly publish tutorials. https://youtube.com/channel/UCi9tkR4i8l5oIyF6th_d8Ug