Cyatophilum Swing Trader [BACKTEST]This is an indicator for swing trading which allows you to build your own strategies, backtest and alert. This version is the backtest which allows to use the Strategy Tester. The alert version can be found in my profile scripts page.
The particularity of this indicator is that it contains several indicators, including a custom one, that you can choose in a drop down list, as well as a trailing stop loss and take profit system.
The current indicators are :
CYATO AI: a custom indicator inspired by Donchian Channels that will catch each big trend and important reversal points .
The indicator has two major "bands" or channels and two minor bands. The major bands are bigger and are always displayed.
When price reaches a major band, acting as a support/resistance, it will either bounce on it or break through it. This is how "tops" and "bottoms", and breakouts are caught.
The minor bands are used to catch smaller moves inside the major bands. A combination of volume, momentum and price action is used to calculate the signals.
Advantages of this indicator: it should catch top and bottoms better than other swing trade indicators.
Cons of this indicator: Some minor moves might be ignored. Sometimes the script will catch a fakeout due to the Bands design.
Best timeframes to use it : 2H~4H
Sample:
Other indicators available:
SARMA: A combination of Parabolic Stop and Reverse and Exponential Moving Average (20 and 40) .
SAR: Regular Parabolic Stop and Reverse .
QQE: An indicator based on Quantitative Qualitative Estimation .
SUPERTREND: A reversal indicator based on Average True Range .
CHANNELS: The classic Donchian Channels .
More indicators might be added in the future.
About the signals: each entry (long & short) is calculated at bar close to avoid repainting. Exits (SL & TP) can either be intra-bar or at bar close using the Exit alert type parameter.
STOP LOSS SYSTEM
The base indicators listed above can be used with or without TP/SL.
TP and SL can be both turned on and off and configured for both directions.
The system can be configured with 3 parameters as follows:
Stop Loss Base % Price: Starting Value for LONG/SHORT stop loss
Trailing Stop % Price to Trigger First parameter related to the trailing stop loss. Percentage of price movement in the right direction required to make the stop loss line move.
Trailing Stop % Price Movement: Second parameter related to the trailing stop loss. Percentage for the stop loss trailing movement.
Another option is the "Reverse order on Stop Loss". Use this if you want the strategy to trigger a reverse order when a stop loss is hit.
TAKE PROFIT SYSTEM
The system can be configured with 2 parameters as follows:
Take Profit %: Take profit value in percentage of price.
Trailing Profit Deviation %: Percent deviation for the trailing take profit.
Combining indicators and Take Profit/Stop Loss
One thing to note is that if a reversal signal triggers during a trade, the trade will be closed before SL or TP is reached.
Indeed, the base indicators are reversal indicators, they will trigger long/short signals to follow the trend.
It is possible to use a takeprofit without stop loss, like in this example, knowing that the signal will reverse if the trade goes badly.
The base indicators settings can be changed in the "Advanced Parameters" section.
Configuration used for this snapshot:
BACKTEST SETTINGS
· Initial Capital: 10 000 $
· Order Size: 10% equity (to avoid compounding effect)
· Commission : 0.1% per order (total commission paid: 244.41 €)
· Slippage: 5 ticks
Oldest trade: 2014-04-01
Backtest Period: From 2014-04-01 to 2020-09-04
Use the link below to obtain access to this indicator.
استراتيجية Pine Script®






















