Eliot's Suite Strategy by yura1000000dollar
By yura1000000dollar
Performance Metrics
- Author: yura1000000dollar
- Symbol: BINANCE:BTCUSDT
- Timeframe: 1 minute
- Win Rate: 18.3%
- Profit Factor: 0.193
Description
Eliot's Suite Strategy — how it worksThis strategy turns the "Eliot's Suite" indicator into a full trading system. It follows exactly the workflow the indicator's author described in the manual: define bias → wait for a structure trigger → enter → trail the stop behind fractals.1. Bias filter. First the strategy decides which direction it's allowed to trade. With the default EMA Trend (50/200) filter, EMA50 above EMA200 means a macro uptrend, so only longs are allowed; the reverse allows only shorts. You can switch this to Session VWAP (looser) or turn it off entirely.2. Structure trigger. By default the entry signal is ChoCh (Reversal) — the same trigger the author recommends. After a pullback, market structure breaks in your direction, and you enter on the resumption. You can switch this to BOS (Continuation) or Both.3. Level check (optional, off by default). This is the author's "wait for the setup" rule. When enabled, the entry only fires if price is currently near a key level — VWAP, Daily Open, or yesterday's VWAP close.4. Entry. A position only opens when all active conditions line up at once: bias confirms the direction and the trigger fires and (if enabled) price is near a level. The trigger alone does nothing without the bias filter agreeing — this is what filters out counter-trend entries, which is where this kind of structural logic usually bleeds money.Once you're in a position, the second diagram takes over.Stop loss sits at the last opposite fractal (below price for longs, above for shorts). If no valid fractal exists at entry, it falls back to an ATR-based stop.Take profit is set as an R-multiple of that stop distance — default 2R, meaning the target is twice as far as the risk.Trailing uses a ratchet rule: the stop only ever moves in your favour and never loosens. For a long, the stop becomes max(old stop, newest fractal below price); for a short, min(old stop, newest fractal above price). That's the "trail your stop behind the newly formed fractal boundary lines" idea from the manual, made mechanical.Exit happens when price hits the stop, hits the take profit, or (optionally) when an opposite structure signal prints.A couple of honest notes on backtesting: the strategy runs "clean" — no repainting, orders fill on the next bar's open, fractals confirm with the natural rightLen-bar delay. That delay means entries lag slightly behind the actual extreme, which is normal for fractals but eats into moves on low timeframes, so watch net profit against commission carefully — especially on 10m gold like your screenshot.The two PNGs above are downloadable and copy-pasteable. Want me to also export the same two as a single combined image, or add a short-side mirror toggle like we did on "Money Printer"?