Hilly's Reversal Scalping Strategy - 5 Min Candles by Hilly1976
By Hilly1976
Performance Metrics
- Author: Hilly1976
- Symbol: BINANCE:XRPUSDT.P
- Timeframe: 5 minutes
- Net P&L: −0.06 USDT (0.00%)
- Win Rate: 32.8%
- Profit Factor: 0.941
- Max Drawdown: 0.31 USDT (0.00%)
- Total Trades: 67
Description
How to UseCopy the Code: Copy the script above.Paste in TradingView: Open TradingView, go to the Pine Editor (bottom of the chart), paste the code, and click “Add to Chart.”Set Timeframe: Ensure the chart is set to 5-minute candles (TradingView: right-click chart > Timeframe > 5 Minutes).Check for Errors: Verify no errors appear in the Pine Editor console.Apply to Chart: Use a liquid crypto pair (e.g., BTC/USDT, ETH/USDT on Binance or Coinbase).Verify Signals:Green “BUY” labels and triangle-up arrows for bullish reversals (e.g., bullish engulfing, hammer, doji, morning star, three white soldiers, double bottom in a downtrend).Red “SELL” labels and triangle-down arrows for bearish reversals (e.g., bearish engulfing, shooting star, doji, evening star, three black crows, double top in an uptrend).Green/red background highlights for signal candles.Backtest: Use TradingView’s Strategy Tester to evaluate performance over 1–3 months, checking Net Profit, Win Rate, and Drawdown.Demo Test: Run on a demo account to confirm signal visibility and performance before trading with real funds.TroubleshootingIf Errors Occur: If any errors appear in TradingView’s Pine Editor console (e.g., “Syntax error” or “Invalid argument”), please share the exact error messages to diagnose environment-specific issues.Signal Overload: If too many signals appear, increase patternLookback to 15 or set volFilter = volume > volMa * 2.0.Missed Signals: If signals are too rare, set useVolumeFilter=false or reduce patternLookback to 5.Additional Features: If you need alerts, other indicators (e.g., EMA, RSI), or dynamic arrow sizing, please specify. Note that dynamic sizing caused errors previously, so I’ve kept size=size.normal.