Support-Resistance breakout — Strategy by pmk07
By pmk07
Performance Metrics
- Author: pmk07
- Symbol: COINBASE:ETHUSD
- Timeframe: 1 day
- Net P&L: +3,153.00 USD (+3.15%)
- Win Rate: 57.1%
- Profit Factor: 9.401
- Max Drawdown: 187.98 USD (0.18%)
- Total Trades: 14
- Sharpe Ratio: −0.337
Description
Strategy based on longing resistance breakout and shorting support breakout.It defines highs and lows using fractal with 2 bars for confirming high/lows. So it has 2 bars lag.It calculates the difference between sma with defined length (21 by default) of highs and of lows and uses it as alt SR level. This idea I took from synapticEx's indicator Nebula-Advanced-Dynamic-Support-Resistance.Position enter is the breakout of SR, defined by fractals.Position exit is: bar change in opposite to position direction > difference is sma of highs and of lows.