The Fisher Turnaround EMA Multi-Take Profit and Multi-Stop Strategy combines the EMA indicator and a custom Fisher Turn signal to implement trend tracking trades. It generates buy signals when the short period EMA crosses above the long period EMA and the Fisher Turn signal is greater than 0. The strategy sets two take profit levels and one dynamic stop loss to lock in profits and control risks. The first take profit is 2xATR, the second 3xATR, and the stop loss is 1xATR. After the first take profit is triggered, the stop loss will move to the entry price. This strategy is suitable for the GDAX exchange to find potential trend trading opportunities.
The strategy is mainly based on two technical indicators:
Buy signals are generated when the short period EMA crosses above the long period EMA. In addition, the Fisher Turn signal line must also be greater than 0, indicating the current uptrend.
The take profit and stop loss rules are as follows:
The strategy can be optimized by adjusting parameters like EMA periods, Fisher Turn signal periods, and ATR periods.
By combining trend tracking indicators and risk management indicators, this strategy has the following advantages:
There are also some risks to this strategy:
These risks can be reduced through parameter optimization, combining other indicators, manual intervention etc.
The strategy can be optimized in the following aspects:
By testing different parameter settings and indicator combinations, the strategy performance can be continuously improved.
The Fisher Turnaround EMA Multi-Take Profit and Multi-Stop Strategy integrates the strengths of trend tracking and risk management. With great potential for long-term verification and optimization, it is a promising strategy. There is still ample room for optimizing parameters and combining indicators to achieve steady outperformance in live trading.
/*backtest start: 2022-12-29 00:00:00 end: 2024-01-04 00:00:00 period: 1d basePeriod: 1h exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}] */ // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © Eliebf13 //@version=4 strategy("GDAX EMA & Blackflag FTS Strategy with Multiple Take Profits and Dynamic Stop Loss", overlay=true) // Input parameters for Blackflag FTS fts_length = input(14, title="Blackflag FTS Length") atr_length = input(14, title="ATR Length") // GDAX EMA calculation short = ema(close, 12) long = ema(close, 26) // Calculate Blackflag FTS signal line manually up = 0.0 down = 0.0 for i = 0 to fts_length - 1 up := up + (high[i] - low[i]) down := down + (high[i] - low[i]) fts_value = down == 0 ? 100 : 100 - (100 / (1 + (up / down))) // Buy condition: GDAX EMA crossover and Blackflag FTS signal above zero buy_condition = crossover(short, long) and fts_value > 0 // ATR calculation atr_value = atr(atr_length) // Calculate Stop Loss and Take Profit levels stop_loss_level = close - atr_value take_profit_level1 = close + 2 * atr_value take_profit_level2 = close + 3 * atr_value // Sell condition: GDAX EMA crossunder or Blackflag FTS signal below zero sell_condition = crossunder(short, long) or fts_value < 0 // Strategy orders with Multiple Take Profits and Dynamic Stop Loss strategy.entry("Buy", strategy.long, when = buy_condition) // Calculate position size for 50% closure at each take profit level position_size = strategy.position_size target_position_size1 = position_size * 0.5 target_position_size2 = position_size * 1 strategy.exit("Take Profit 1", from_entry="Buy", loss=close, profit=take_profit_level1, qty=target_position_size1) strategy.exit("Take Profit 2/Move Stop Loss", from_entry="Buy", loss=close, profit=take_profit_level2, qty=target_position_size2) // Plot GDAX EMA lines plot(short, color=#6f92ce, linewidth=2, title="Ema 12") plot(long, color=#e08937, linewidth=2, title="Ema 26") // Plot Blackflag FTS signal plot(fts_value, color=color.blue, title="Blackflag FTS Signal") // Plot buy and sell signals on the chart plotshape(series=buy_condition, location=location.belowbar, color=color.green, style=shape.triangleup, title="Buy Signal") plotshape(series=sell_condition, location=location.abovebar, color=color.red, style=shape.triangledown, title="Sell Signal")template: strategy.tpl:40:21: executing "strategy.tpl" at <.api.GetStrategyListByName>: wrong number of args for GetStrategyListByName: want 7 got 6