Welcome to the getting started page dedicated to my automated trading strategy Cyatophilum Bands, which is in continuous development.
The strategy principle is to identify consolidation areas, catch breakouts and ride the trend as long as possible.
█ Trade examples
Breakout from Tight Consolidation Price consolidates within a narrow range and identifies the breakout point.
False Breakout Avoidance Filter out noise from the market by incorporating volume, trend and range filters.
Multi-Timeframe Analysis Set the Bands time frame higher than the current chart to perform MTF analysis.
Reversal Confirmation In the strategy direction settings, you can choose to go long, short or both.
Profitable Trend Continuation A cool feature the take profit has is that it gets disabled when the trend is strong and clear, allowing to play safe in a ranging market, while maximizing profits in strong trends.
█ Indicator settings
Bands Settings The band configuration settings allow you to create any kind of band, my favorite is the Donchian channels, but you can also create Bollinger and Kelter kinds of bands.
Filter Settings The entry is triggered by a band breakout, but only that is not enough to create a solid strategy. Adjust the consolidation area, set a volume, range and trend filter to strengthen your entry.
Stop Loss Settings Easily create a stop loss system using %, ATR, pips or AUTO calculation modes. Add a trailing stop using ATR or Classic modes. (more modes can be added upon request)
Take Profit Settings Set a take profit system using also different modes and the amazing feature to disable take profit during strong trends.
Backtest Settings Backtest quickly using the information panel. See if you beat buy and hold and ATH buy and hold, as well as other stats like daily return.
TRX is the kind of chart that takes advantage of the MTF band feature. The price being very volatile and noisy, setting a Band time frame to 1 day while trading on the 4H chart smooths it out a bit.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.