BuyHighSellLow - Pivot points — Strategy by Trendoscope
By Trendoscope
Performance Metrics
- Author: Trendoscope
- Symbol: NASDAQ:GOOG
- Timeframe: 1 day
- Net P&L: +117,351.28 USD (+108.04%)
- Win Rate: 46.9%
- Profit Factor: 2.277
- Max Drawdown: 25,483.78 USD (18.08%)
- Total Trades: 32
- Sharpe Ratio: 0.167
Description
Nov 30, 2020Another version of buy-high sell-low strategy. This time using pivot points.Strategy is simple:Buy when price closes above R1 of pivot point levelSell when price closes below S2 of pivot point level.Use Resolution parameter to define pivot points. Higher the resolution, longer the trade time will be. If resolution is set to same as symbol, strategy will consider Higher Timeframe Multiplier to derive pivot point resolution.Uncheck HideBands to see bands created from pivot points.Another Buy-High Sell-Low strategy published is using donchian channel (Link below)Apr 11, 2021Release NotesCorrect lookahead bias warning by calc_on_order_fills = true