VCP pivot buy — Strategy by perrycc007
By perrycc007
Performance Metrics
- Author: perrycc007
- Symbol: BINANCE:SOLUSDT
- Timeframe: 4 hours
- Net P&L: +1,342.28 NONE (+134.23%)
- Win Rate: 52.4%
- Profit Factor: 1.441
- Max Drawdown: 832.18 NONE (38.92%)
- Total Trades: 105
- Sharpe Ratio: 0.433
Description
It will buy the breakout of the pivot in a bullish trend which is defined by the Mark Minervini stage 2 templateSet the stop loss% and Target% in your favor ( recommend the stoploss% as the low percentile atrp )It helps indicate the contraction point so that we can have a low-risk entry of a buy point.It followed the strategy of Mark Minervini.changing the lookback period input to change the percentilechanging the Pivot Length to decide how many bars you would consider as a pivotchanging the Close range to decide in how much percentage does the close range you would consider as a pivotThe percentile rank is represented in the colour of the background, you can alter how low you want to set to indicate lowering volatility.The blue line shows the percentage range in ( pivot length) days/barsThe coloured background shows the signal of pivot point forming