SSL Chaikin BF 🚀 — Strategy by bennef
By bennef
Performance Metrics
- Author: bennef
- Symbol: BITMEX:XBTUSD
- Timeframe: 1 day
- Net P&L: +1,083,169.60 USD (+10,831.70%)
- Win Rate: 39.4%
- Profit Factor: 2.708
- Max Drawdown: 151,959.92 USD (27.18%)
- Total Trades: 132
- Sharpe Ratio: 0.506
Description
Oct 10, 2019Combined my earlier SSL Channel script with the Chaikin Money Flow indicator.Link to the SSL Channel script here: INSTRUCTIONSLook at the background, the signals are represented by the colors.Bright green = long signal from SSL ChannelBright blue = long signal from Chaikin Money FlowBright red = short signal from SSL ChannelBright orange = short signal from Chaikin Money FlowGreen = we should be in a long from one of the signals - ok to enter back in if we get stopped out and still greenRed = we should be in a short from one of the signals - ok to enter back in if we get stopped out and still redWhite = no tradeSIGNAL GENERATIONThe SSL calculation prints a channel on the chart consisting of 2 lines.This strategy gives a Long signal when price closes above the top of these 2 lines and a Short signal when it closes below the bottom.A long signal occurs when EITHER we get an SSL long cross OR the Chaikin MF crosses above the upper threshold.A short signal occurs when EITHER we get an SSL short cross OR the Chaikin MF crosses below the lower threshold (see settings to adjust upper and lower threshold).STOP LOSS AND RE-ENTRYWe use a fixed stop loss of 2%If we get stopped out but we still have the conditions for our trade (i.e. we get stopped out of a long but the next candle still shows a long condition after closing) then we re-enter.Note: The SSL signals are generated on a cross of the price and the channels but there is still an active long signal as long as price stays above the upper band, same for below the lower band for short. Similarly, the Chaikin signal occurs as long as the Chaikin line is above the upper threshold (or below the lower threshold if short).Tested and optimised for XBT/USD on Bitmex.Oct 16, 2019Release NotesAdded switch for longs or shorts and a function to choose ATR derived or fixed stop losses