Yesterday’s High Breakout - Trend Following Strategy by TheSocialCryptoClub
By tumiza999
Performance Metrics
- Author: tumiza999
- Symbol: BINANCE:NULSUSDT
- Timeframe: 2 hours
- Net P&L: +6,411.44 USDT (+64.11%)
- Win Rate: 52.7%
- Profit Factor: 1.816
- Max Drawdown: 546.34 USDT (4.06%)
- Total Trades: 425
- Sharpe Ratio: 0.352
Description
Yesterday’s High Breakout it is a trading system based on the analysis of yesterday's highs, it works in trend-following mode therefore it opens a long position at the breakout of yesterday's highs even if they occur several times in one day.There are several methods for exiting a trade, each with its own unique strategy. The first method involves setting Take-Profit and Stop-Loss percentages, while the second utilizes a trailing-stop with a specified offset value. The third method calls for a conditional exit when the candle closes below a reference EMA. Additionally, operational filters can be applied based on the volatility of the currency pair, such as calculating the percentage change from the opening or incorporating a gap to the previous day's high levels. These filters help to anticipate or delay entry into the market, mitigating the risk of false breakouts. In the specific case of NULS, a 9% Take-Profit and a 3% Stop-Loss were set, with an activated trailing-stop percentage. To postpone entry and avoid false breakouts, a 1% gap was added to the price of yesterday's highs.Name: Yesterday's High Breakout - Trend Follower Strategy Author: tumiza999 Category: Trend Follower, Breakout of Yesterday's High. Operating mode: Spot or Futures (only long). Trade duration: Intraday. Timeframe: 30M, 1H, 2H, 4HMarket: CryptoSuggested usage: Short-term trading, when the market is in trend and it is showing high volatility. Entry: When there is a breakout of Yesterday's High. Exit: Profit target or Trailing stop, Stop loss or Crossunder EMA. Configuration: - Gap to anticipate or postpone the entry before or after the identified level - Rate of Change for Entry Condition- Take Profit, Stop Loss and Trailing Stop - EMA length Backtesting:⁃ Exchange: BINANCE⁃ Pair: NULSUSDT⁃ Timeframe: 2H⁃ Fee: 0.075%⁃ Slippage: 1- Initial Capital: 10000 USDT- Position sizing: 10% of Equity- Start : 2018-07-26 (Out Of Sample from 2022-12-23)- Bar magnifier: onCredits: LucF for Pine Coders (f_security function to avoid repainting using security)Disclaimer: Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.How you or we can improve? Source code is open so share your ideas!Leave a comment and smash the boost button!Thanks for your attention, happy to support the TradingView community.