OPEN-SOURCE SCRIPT

Strategy Myth-Busting #3 - BB_BUY+SuperTrend - [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 third one we are automating is one of the strategies from "The Best 3 Buy And Sell Indicators on Tradingview + Confirmation Indicators ( The Golden Ones ))" from "Online Trading Signals (Scalping Channel)". No formal backtesting was done by them so wanted to validate their claims.

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:

BB_Buy and Sell by guikroth (default settings)
SuperTrend from TradingView's Technicals (default settings)

Trading Rules
15 min candles

Long

Long condition when BB_BUY indicates buy signal and SuperTrend is green

Short

Short condition when BB_BUY indicates Sell signal and SuperTrend is red

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.

myncrypto

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

myncrypto

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