Rule Number 1 Signals — Strategy by TraderHalai
By TraderHalai
Performance Metrics
- Author: TraderHalai
- Symbol: ASX:WTC
- Timeframe: 1 week
- Net P&L: +116.20 AUD (+0.12%)
- Win Rate: 80.0%
- Profit Factor: 93.364
- Max Drawdown: 1.10 AUD (0.00%)
- Total Trades: 5
- Sharpe Ratio: −19.544
Description
May 15, 2018This script takes the Rule #1 3 tools and plots them on the graph, to provide an additional level of indication for when to sell and when to buy.May 15, 2018Release NotesClose instead of buyMay 15, 2018Release NotesMinor cosmetic changesMay 15, 2018Release Notesexit on 2 signals as per rule number 1May 15, 2018Release NotesMore aggressive closing tactic to take profits if things don't go wellMay 15, 2018Release NotesAdded comments and made the entry criteria based off of three period entry for each of the three tools.Included an experimental stop loss strategy - though will port this over to another future script with comprehensive support resistance.May 15, 2018Release NotesCleanupMay 20, 2018Release NotesSwitch back to simple moving average as per the book, and implement a look back mechanism for sell signal (to be in line with the buy signal)Apr 7, 2021Release NotesSimplify script - resulting in higher win ratesApr 7, 2021Release NotesSimplify scriptApr 8, 2021Release NotesCleanup + refine the strategy to wait for 2 signals and then enter on the third as per the book.Allowing for more signals per timeframeApr 8, 2021Release NotesUpdate to Pine script version 4