OPEN-SOURCE SCRIPT
Strategy Myth-Busting #4 - LSMA+HULL Crossover - [MYN]
This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our fourth one we are automating is one of the strategies from "I Found The Best 1 Minute Scalping Strategy That Actually Works! ( Beginner Friendly )" from "Trade Domination" who claims to have made 366% profit on the 1 min chart of Solona despite having a 31% win rate in just a few weeks. As you can see from the backtest results below, I was unable to substantiate anything close to that that claim on the same symbol ( SOLUSD ), timeframe (1m) with identical instrument settings that "Trade Domination" was demonstrating with. Strategy Busted.
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 2 open-source public indicators:
LSMA
Hull Suite by InSilico
Trading Rules
1 min candles
Stop Loss on recent swing High/Low
1:5 Risk Ratio
Enter Long
LSMA cross above Red Hull Suite line
Price has to be above Hull Suite Line
Enter Short
LSMA crosses under green Hull Suite Line
Price has to be below Hull Suite Line
Our fourth one we are automating is one of the strategies from "I Found The Best 1 Minute Scalping Strategy That Actually Works! ( Beginner Friendly )" from "Trade Domination" who claims to have made 366% profit on the 1 min chart of Solona despite having a 31% win rate in just a few weeks. As you can see from the backtest results below, I was unable to substantiate anything close to that that claim on the same symbol ( SOLUSD ), timeframe (1m) with identical instrument settings that "Trade Domination" was demonstrating with. Strategy Busted.
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 2 open-source public indicators:
LSMA
Hull Suite by InSilico
Trading Rules
1 min candles
Stop Loss on recent swing High/Low
1:5 Risk Ratio
Enter Long
LSMA cross above Red Hull Suite line
Price has to be above Hull Suite Line
Enter Short
LSMA crosses under green Hull Suite Line
Price has to be below Hull Suite Line
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
If you're interested in exploring and discovering other high quality free strategies come join us in Discord: discord.gg/2wkm9QqSuY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
If you're interested in exploring and discovering other high quality free strategies come join us in Discord: discord.gg/2wkm9QqSuY
➖➖🟦➖➖➖🟦
➖🟦🟦🟦🟦🟦🟦🟦
➖🟦🟦🟦🟦🟦🟦🟦
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➖🟦🟦➖➖➖🟦🟦
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.