Vin's Playzone Strategy by Vvaz_
By Vvaz_
Performance Metrics
- Author: Vvaz_
- Symbol: INDEX:BTCUSD
- Timeframe: 4 hours
- Net P&L: +161.63 USD (+16.06%)
- Win Rate: 45.2%
- Profit Factor: 8.719
- Max Drawdown: 9.48 USD (0.90%)
- Total Trades: 42
- Sharpe Ratio: 0.133
Description
Sep 27, 2021 How it works Playzone is a very simple system, utilizing just two exponential movingaverages. The 'Zones' in which different 'actions' should be taken ishighlighted with different colors on the chart. Calculations for the zonesare based on the relative position of price to the two EMA lines and therelationship between the two EMAs How to use The basic method for using Playzone is to follow the green/red color.Buy when bar closes in green.Sell when bar closes in red.Using it this way is safe but slow and is expected to have around 35-40%accuracy, while yielding around 2-3 profit factors. The system works beston larger time frames.The more advanced method uses the zones to switch between differenttrading system and biases, or in conjunction with other indicators.example 1:Buy when Yellow-Green and Bullish Divergence between price and RSI is visible,if not Buy on Green and vise-versaexample 2:Set up a long-biased grid and trade long only when actionzone is in greenchange the bias to short when actionzone turns to te bearish side(red)(Look at colors on a larger time frame)"We let the market tell us what to do, Not to outguess what the market gonna do."Sep 27, 2021Release NotesUpdate setting title and use EMA 120 instead of 100.Sep 27, 2021Release NotesMore Setting.Sep 28, 2021Release NotesConfig.Sep 28, 2021Release Notesadd condition and use EMA 120 for confirmed trend.Sep 28, 2021Release Notesconfig more.Sep 29, 2021Release Notesadd alert messageOct 1, 2021Release NotesFixed TextOct 4, 2021Release NotesConfig condition.Oct 5, 2021Release NotesupdateOct 5, 2021Release NotesMore smoothlyNov 30, 2021Release NotesPine Script V5 & Update.Feb 2, 2022Release NotesStable.