Yesterday's High v.17.07 — Strategy by tumiza999
By tumiza999
Performance Metrics
- Author: tumiza999
- Symbol: BINANCE:INJUSDT
- Timeframe: 4 hours
- Net P&L: +18,963.84 USDT (+189.64%)
- Win Rate: 73.5%
- Profit Factor: 6.506
- Max Drawdown: 190.60 USDT (0.70%)
- Total Trades: 377
- Sharpe Ratio: 1.273
Description
Yesterday’s High Breakout it is a trading system based on the analysis of yesterday's highs, it works in trend-following mode therefore it opens a long position at the breakout of yesterday's highs even if they occur several times in one day.There are several methods for exiting a trade, each with its own unique strategy. The first method involves setting Take-Profit and Stop-Loss percentages, while the second utilizes a trailing-stop with a specified offset value. The third method calls for a conditional exit when the candle closes below a reference EMA.Additionally, operational filters can be applied based on the volatility of the currency pair, such as calculating the percentage change from the opening or incorporating a gap to the previous day's high levels. These filters help to anticipate or delay entry into the market, mitigating the risk of false breakouts.In the specific case of INJ, a 12% Take-Profit and a 1.5% Stop-Loss were set, with an activated trailing-stop percentage, TRL 1 and OFF 0.5. To postpone entry and avoid false breakouts, a 1% gap was added to the price of yesterday's highs.Name: Yesterday's High Breakout - Trend Follower StrategyAuthor: tumiza999Category: Trend Follower, Breakout of Yesterday's High.Operating mode: Spot or Futures (only long).Trade duration: Intraday.Timeframe: 30M, 1H, 2H, 4HMarket: CryptoSuggested usage: Short-term trading, when the market is in trend and it is showing high volatility.Entry: When there is a breakout of Yesterday's High.Exit: Profit target or Trailing stop, Stop loss or Crossunder EMA.Configuration:- Gap to anticipate or postpone the entry before or after the identified level- Rate of Change for Entry Condition- Take Profit, Stop Loss and Trailing Stop- EMA lengthBacktesting:⁃ Exchange: BINANCE⁃ Pair: INJUSDT⁃ Timeframe: 4H- Treshold: 1- Gap%: 1 - SL: 1.5 - TP:12- TRL: 1- OFF-TRL: 0.5⁃ Fee: 0.075%⁃ Slippage: 1- Initial Capital: 10000 USDT- Position sizing: 10% of Equity- Start : 2018-07-26 (Out Of Sample from 2022-12-23)- Bar magnifier: onCredits: LucF for Pine Coders (f_security function to avoid repainting using security)Disclaimer: Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.How you or we can improve? Source code is open so share your ideas!Leave a comment and smash the boost button!Thanks for your attention, happy to support the TradingView community.