65 lines
1.6 KiB
Markdown
65 lines
1.6 KiB
Markdown
# Support and Resistance Scalping (XTS_SR15M)
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## Setup
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- **TF**: 15m
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- **Asset**: AAPL
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- **R2R**: 1:1.5
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- **Indicators**:
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- Leledc Levels (IS) InSillico:
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- Change Exhaustion bar count to 42;
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- Change Line Tickness to 7;
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- Hide Support Level line;
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- Hide Resistance Level linel;
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- ATR Stop Loss garethyeo:
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- Change Source to low;
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- **Oscillators**:
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- Kurutoga Histogram (D7R):
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- Hide Kurutuga Lead 4x;
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## Descriptions
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since Kurutoga Histogram doesn't provides it's source code, i try to implement
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Cycle Channel Oscillator, instead of it.
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after i try to do back testing usage of CCH and KUH, i found this rules:
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- kurutuga histogram green color, means both red and green line in Cycle Channel must be above than 0.5 (Middle) line and green line above than red line.
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- kurutuga histogram red color, means both red and green line in Cycle Channel must be below than 0.5 (Middle) line and red line below than green line.
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so we have to implement cycle channel oscillator and it's verifications on signals ...
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## Using the Strategy
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### Long/Buy Conditions
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- Leledc Level gives **Support Signal** (green to up side triangle);
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- kurutuga histogram is **red** color;
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- market forms a **bullish** candle;
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#### Long SL
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place sl at low of ATR Stop Loss Purple(red) Line.
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#### Long TP
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calculate based on R2R;
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### Short/Sell Conditions
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- Leledc Level gives **Resistance Signal** (red to down side triangle);
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- kurutuga histogram is **green** color;
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- market forms a **bearish** candle;
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#### Short SL
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place sl at high of ATR Stop Loss Green Line.
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#### Short TP
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calculate based on R2R;
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### Signals Overlap
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how to handle signals overlaps.
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