Center of Gravity BF 🚀 — Strategy by bennef
By bennef
Performance Metrics
- Author: bennef
- Symbol: BITMEX:XBTUSD
- Timeframe: 1 day
- Net P&L: +300,611.93 USD (+2,529.50%)
- Win Rate: 63.0%
- Profit Factor: 3.083
- Max Drawdown: 39,510.44 USD (24.03%)
- Total Trades: 27
- Sharpe Ratio: 0.467
Description
Thanks to HPotter for the code I based this strategy on.Center of Gravity calculation is based here on a linear regression function using the least squares method.We use this to calculate a channel consisting of 2 lines, green and red on the chart This strategy employs a dynamic stop loss function that measures stop loss placement based on recent ATR. How signals are generated:Price closes above green line = Go LongPrice closes below red line = Go ShortYellow dotted line = stop loss based on long entryOrange dotted line = stop loss based on short entryINSTRUCTIONSGreen background = Go Long, put your stop loss at the yellow dotted lineRed background = Go Short, put your stop loss at the orange dotted lineNB: The stop losses printed on the chart are calculated from the point of entry on a trade, if you make a different entry to what is indicated, the corresponding stop loss will be different to what the indicator displays.