Dee MTF ATR Strategy + Alert (3 TPs) by CoolDeeFX

By CoolDeeFX

Performance Metrics

Description

Dee MTF ATR Strategy follows these 7 clear, mechanical rules for entries, exits, and risk.Entry RulesLong Entry (Strong Buy)Condition 1: LTF Supertrend is bullish (price above LTF Supertrend line).Condition 2: HTF Supertrend is bullish (higher timeframe Supertrend direction = +1).Condition 3: Fast SMA(8) ≥ Slow SMA(9) (momentum alignment).Execution: Enter long at next bar’s open after all 3 conditions align.Short Entry (Strong Sell)Condition 1: LTF Supertrend is bearish (price below LTF Supertrend line).Condition 2: HTF Supertrend is bearish (higher timeframe Supertrend direction = -1).Condition 3: Fast SMA(8) ≤ Slow SMA(9) (momentum alignment).Execution: Enter short at next bar’s open after all 3 conditions align.Position rules: Only 1 position at a time (no pyramiding). No entry if already in a trade.Exit RulesFor Long TradesSL: Entry price - (ATR × 1.5) → dynamic trailing stop.TP1: Entry price + (1.0 × Risk Distance) → exit 33% of position.TP2: Entry price + (2.0 × Risk Distance) → exit 33% of position.TP3: Entry price + (3.0 × Risk Distance) → exit 34% of position.For Short TradesSL: Entry price + (ATR × 1.5) → dynamic trailing stop.TP1: Entry price - (1.0 × Risk Distance) → exit 33% of position.TP2: Entry price - (2.0 × Risk Distance) → exit 33% of position.TP3: Entry price - (3.0 × Risk Distance) → exit 34% of position.Risk Distance = |Entry - SL| (so TP1 = 1R, TP2 = 2R, TP3 = 3R).Risk Management RulesPosition Size:Fixed: fixedQty contracts (default 1.0).OR Risk‑based: Size so that SL hit = riskUsdPerTrade (default $100).Commission: 0.01% per side (adjustable).Order fill: On bar close (avoids intrabar repainting).Visual Confirmation ChecklistWhen you see a SB (Strong Buy) triangle:Blue HTF Supertrend line should be flat/up (not down).Green LTF Supertrend line should be below price.SMA(8) line above or touching SMA(9) line.When you see a SS (Strong Sell) triangle:Blue HTF Supertrend line should be flat/down (not up).Red LTF Supertrend line should be above price.SMA(8) line below or touching SMA(9) line.Example Trade Plan (5m NAS100)Strong Buy signal appears at 1.7500: Entry: 1.7500 ATR(10): 0.0020 SL: 1.7500 - (1.5 × 0.0020) = 1.7470 (Risk = 30 points) TP1: 1.7500 + (1 × 30) = 1.7530 (33% out) TP2: 1.7500 + (2 × 30) = 1.7560 (33% out) TP3: 1.7500 + (3 × 30) = 1.7590 (34% out)Strategy Logic SummaryCore idea: Trade only when LTF momentum aligns with HTF trend, using ATR for objective risk/reward scaling.Edge assumption: HTF trend filter reduces whipsaws, LTF momentum catches pullbacks into trend, 3R scaling captures trend continuation.

Browse all 5,900+ TradingView Pine Script strategies

View on TradingView