This is a scalping strategy that produced a very high win-rate. There are many options and feature with the trading script, but this can easily be traded manually. This system was created by a Traders Landing Community member and was coded by our resident Pine Script developer.
In addition to reviewing the indicators, providing exact entry rules, defining the take profit and stop loss levels, testing it, reviewing the results, discussing the equity curve, and scoring the system on a scale of 1 to 10, I also share my 6 optimization tips that you can try in your own trading system development. Do not neglect back and forward testing, that is critical.
🤖 The automated trading script is available for this strategy in the Trader’s Landing Community.
⏱️ Timestamps ⏱️
00:00 – Start
01:28 – Indicators
02:49 – Examples
05:46 – Results, Equity Curve, Score
07:19 – Optimization
⚙️ System Specifics ⚙️
📛 System Name: Manta’s System
🏆 Trader’s Landing Score: 8
🎹 Instrument: Bitcoin / US Dollar (BTC/USD)
⌛ Time Frame: 2-Hour (H2)
👀 TradingView Indicators
Links to indicators located here: https://traderslanding.net/indicators/
Name: Exponential Moving average (EMA)
Inputs: 200
Style: White
By: TradingView Built-In
Name: Three Simple Moving Averages (TSMA)
Inputs: SMA 1 = 5, SMA 2 = 10, SMA 3 = 15
Style: SMA 1 = Pink, SMA 2 = Aqua, SMA 3 = Yellow
By: DeXTeR323i
Name: ATR Bands
Inputs: ATR Multiplier Upper & Lower = 2
Style: Orange
By: AlexanderTeaH
Name: Moving Average Convergence Divergence (MACD)
Inputs: Default
Style: Default
By: TradingView Built-In
☝️ Long Entry
1) Price above the 200 EMA.
2) SMA’s in order: 5 over 10, 10 over 15.
3) MACD line is above the signal line.
👇 Short Entry
1) Price below the 200 EMA.
2) SMA’s in order: 5 under the 10, 10 under the 15.
3) MACD line is below the signal line.
🔥 Risk to Reward: Variable
🛑 Where to place stop-loss: 2 times the ATR value of the trigger candle.
🚀 Where to take profits: 0.5% of the Stop-Loss
⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.
