OPEN-SOURCE SCRIPT
LuxAlgo Quant magic Dynamic R:R Strategy - Optimized
LuxAlgo Quant magic Dynamic R:R Strategy
This script is a dynamic risk-return (R/R) planner specifically optimized f. It combines a trend-following strategy with a visual trading planning tool.
Here is a detailed summary of its features:
1. Strategy Logic (Signals)
The script generates buy and sell signals based on three filters:
EMA Crossover: The crossover of a fast (20) and a slow (50) EMA.
Trend Filter: Signals are only valid in the direction of the overarching trend (200 EMA) (long positions only above the 200 EMA, short positions only below).
Momentum Filter (RSI): The RSI must be above 60 for long signals and below 40 for short signals to be considered valid.
2. Trading Planning & Visualization
As soon as a signal occurs (or is set manually), the script records the following directly on the chart:
Entry Line: Displays the price at which the trade was opened.
Stop-Loss (SL): Can be automatically calculated based on the ATR (Average True Range) or the last swing high/low.
Take-Profit Level (TP): Automatically calculates three profit targets based on the risk-reward ratio (1R, 2R, and 3R by default).
R:R Boxes: Visualize the risk (gray box) and potential profit (green/red box) directly on the last few candles.
3. Risk Management Calculator
A table (dashboard) appears in the upper right corner of the chart and provides the following information:
Risk Amount: The potential loss (in currency) based on the account size and the set risk percentage.
Position Size (Number): Precisely calculates how many units (contracts) you need to buy to maintain your chosen risk level.
Potential Profit: Shows the expected profit upon reaching the third take-profit target.
4. Flexibility
Automatic Display: The planner automatically jumps to the latest signal, allowing you to instantly see the values for your next trade.
Manual Mode: You can disable the automatic function and use the planner to calculate your setups manually.
Alert Function: The script sends notifications as soon as a new buy or sell signal is detected according to your strategy.
In summary, this is an all-in-one tool that not only shows you trading opportunities but also instantly calculates how much you need to invest and what your objectives should be.
This script is a dynamic risk-return (R/R) planner specifically optimized f. It combines a trend-following strategy with a visual trading planning tool.
Here is a detailed summary of its features:
1. Strategy Logic (Signals)
The script generates buy and sell signals based on three filters:
EMA Crossover: The crossover of a fast (20) and a slow (50) EMA.
Trend Filter: Signals are only valid in the direction of the overarching trend (200 EMA) (long positions only above the 200 EMA, short positions only below).
Momentum Filter (RSI): The RSI must be above 60 for long signals and below 40 for short signals to be considered valid.
2. Trading Planning & Visualization
As soon as a signal occurs (or is set manually), the script records the following directly on the chart:
Entry Line: Displays the price at which the trade was opened.
Stop-Loss (SL): Can be automatically calculated based on the ATR (Average True Range) or the last swing high/low.
Take-Profit Level (TP): Automatically calculates three profit targets based on the risk-reward ratio (1R, 2R, and 3R by default).
R:R Boxes: Visualize the risk (gray box) and potential profit (green/red box) directly on the last few candles.
3. Risk Management Calculator
A table (dashboard) appears in the upper right corner of the chart and provides the following information:
Risk Amount: The potential loss (in currency) based on the account size and the set risk percentage.
Position Size (Number): Precisely calculates how many units (contracts) you need to buy to maintain your chosen risk level.
Potential Profit: Shows the expected profit upon reaching the third take-profit target.
4. Flexibility
Automatic Display: The planner automatically jumps to the latest signal, allowing you to instantly see the values for your next trade.
Manual Mode: You can disable the automatic function and use the planner to calculate your setups manually.
Alert Function: The script sends notifications as soon as a new buy or sell signal is detected according to your strategy.
In summary, this is an all-in-one tool that not only shows you trading opportunities but also instantly calculates how much you need to invest and what your objectives should be.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.