Simple Pyramid Strategy by JustinTimeTunes
By JustinTimeTunes
Performance Metrics
- Author: JustinTimeTunes
- Symbol: BITMEX:BTCUSD.P
- Timeframe: 15 minutes
- Net P&L: +857,266.50 USD (+0.00%)
- Win Rate: 26.8%
- Profit Factor: 2.482
- Max Drawdown: 183,346.50 USD (0.00%)
- Total Trades: 1,416
Description
This 'Simple Pyramid Strategy' is a generic trading strategy that takes a Buy/Sell source input of: [> 0 for Buy, 0 for Buy, < 0 for Sell, = 0 for Neither]A SELL signal from the cancel indicator will close a long position and a BUY signal will close a short. A SELL will have no effect on a short, as will a BUY not effect a long.A stop can optionally be applied, as an actual value, or else a percentage of the price of the chart asset. The current position will close out if the P/L for it exceeds a loss of more than this amount.0 means no stop will be applied.Be sure to configure the 'Pyramiding' option to a large number, and ensure 'Initial capital' is also enough to avoid liquidations.My 'Simple Buy/Sell Indicator' and 'Custom Buy/Sell Indicator' (coming soon - watch this space) can be used to combine other indicators together into BUY / SELL strategies, using multiple custom rules. These can then be used as inputs to this strategy.