TradePro's Trading Idea Cipher Divergence EMA Pb Strategy by TradingStrategyCheck

By TradingStrategyCheck

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Description

Jul 5, 2021Here I present you on of Trade Pro's Trading Idea: Cipher B+ Divergence EMA Pullback Strategy.Optimized the crypto pairBTC/USDT in the 30 minute chart.There is the possibility to switch between short and long positions.You can choose between 2 different take profit/stop loss types: The Lowest Low/ Highest High Stop Loss/ Take Profit and the ATR Take Profit/ Stop Loss.-----------------------------------------------------------------------------------How does the strategy work?ENTRYLongThe price must be above the 200 EMA .The price needs to make a pullback into the 50 EMA .Right after that, the Cipher B indicator must give a buy signal, it must be below the zero line and the Money Flow cloud must be green.ShortContrary to the premise of long positions.EXITLowest Low/ Highest High ExitThe Lowest Low (long) / highest high (short) serves as the stop loss. The TP is formed on the basis of a factor.(Long for example: *Lowest Low* multiplied by *Profitfactor* = TP).ATR ExitThe value of ATR at the time of buying is multiplied by the value entered in "Profit factor ATR" and "Stop factor ATR". As soon as the price reaches this value, it is closed.ImportantThe script must be optimized for each coin or currency pair. However, only the values for the profit factor, the stop loss and Lowest Low / Highest High are relevant.Also, by changing the Chanel Length and the Chanel Average, you can create strong profit changes.The results of the strategy are without commissions and leverage.If you have any questions or feedback, please let me know in the comments.If you need more information about the strategy and want to know exactly how to apply it, check out my profile. There I have created a tutorial for the function of the script.Jul 6, 2021Release NotesATR Take Profit and Stop Loss plottedTable addedshows last long and short positionJul 6, 2021Release Notesfixed a plot bugJul 6, 2021Release NotesSettings updated

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