This is a special strategy adapted for crypto market, which instead of using the current chart candles, we use inside calculation a candle from different charts. For best usage I recommend a big timeframe like 1-4h+.
In this case we take the high, low, open and close candles from different brokers for BTC, and with it we form up the candle that we are going to use for the logic of entry. At the same time we are going to create an upper and lower bands using a moving average and the difference between high and low.
So in a way to put it, if BTC triggers a sell or buy order, we input instead these orders on the current chart, like in this example with ETH.
Rules for entry For long : if we have a crossover of the btc source value with the upper band . For short: if we have a crossunder of the btc source vale with the lower band.
For exit, we do it when we receive a different signal than the initial one.
This strategy does not have any other risk management inside, so use it with caution.
In the strategy tester i believe the signals are always "painted" on the Open-price of the candle, while it should be painted on the closing price? But please correct me if I'm wrong!
This gives incredibly optimistic gains i think.
Is there something i'm missing?
exlux99
⋅
@Eiks, if you look into the source code you will find out there is no security function with look ahead using, instead I am only taking current values from the different charts . But because during on tick values can change, thats why inside a candle signal cna be repainted. However once the candle has been closed and it had an entry or exit on it, thats a definitive signals which can not be changed after => meaning that there is no real repaint inside
zaythoven
⋅
Hey there! fantastic stragety! I'd like to understand your logic a bit more.
I can see you used Security functions, does this mean repaint?
exlux99
⋅
@Crypto-Engineer, hi there,as long as you will use close of a candle I can guarantee you 100% that there is no repaint. I am making use of security in order to get values from other charts, but I dont use the look ahead parameters
This gives incredibly optimistic gains i think.
Is there something i'm missing?