Bitcoin 1H-15M Breakout Strategy by una_exp
By una_exp
Performance Metrics
- Author: una_exp
Description
Key Features1H and 15M Timeframes:The script uses the 1-hour timeframe for the range and 15-minute timeframe for breakout conditions.request.security is used to fetch the higher timeframe data.Risk Management:Variables entry_price, sl_price, and tp_price are declared explicitly as float with na initialization to handle dynamic assignment.Stop-loss and take-profit levels are calculated based on the specified Risk-Reward Ratio (RRR) and buffer (in pips).Trade Logic:Long trade triggered when the 15-minute candle closes above the 1-hour high.Short trade triggered when the 15-minute candle closes below the 1-hour low.Visualization:The range_high and range_low (previous 1-hour high and low) are plotted on the chart using dashed lines.Debugging:Enabling the show_debug input displays labels showing stop-loss and take-profit values for easier troubleshooting.