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Algorithm Specifics - SSL

This document summarizes a trading algorithm that uses multiple indicators to enter and exit trades. It analyzes daily timeframes and only takes long positions when the price is above the baseline, and short positions when below. Trades are entered based on signals from indicators like C1, QQE, and a candle volatility index. Positions are exited when these indicators flip signals, the price crosses the baseline, or a stop loss is hit. Trades are managed by entering two positions with stop losses and taking partial profits on the first trade.

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rex
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443 views

Algorithm Specifics - SSL

This document summarizes a trading algorithm that uses multiple indicators to enter and exit trades. It analyzes daily timeframes and only takes long positions when the price is above the baseline, and short positions when below. Trades are entered based on signals from indicators like C1, QQE, and a candle volatility index. Positions are exited when these indicators flip signals, the price crosses the baseline, or a stop loss is hit. Trades are managed by entering two positions with stop losses and taking partial profits on the first trade.

Uploaded by

rex
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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SSL Algorithm Specifics:

Indicators:
ATR 14

Baseline = LWMA 40
C1 = SSL (7)

C2 = QQE and Multi Sync Index [Jas Wu] (default)


Vol = Candle Volatility Index [Jas Wu] (MA Method SMA, MA Period 6, candle close, Filter Method Standard MA, Filter
Period 6)

Exit = QQE (Smoothing 3)

General Set up conditions:


1) Daily Timeframe - 20 minutes before candle closes
2) No NNFX news expected for next 24 hours
3) $EVZ is above 7
4) Current price above baseline – only take long positions
5) Current price below baseline – only take short positions

Entry rules:

Longs:

1) C1 Signal Long
a. Fresh C1 buy signal within 2 candles (candle shift 0 or 1) – SSL is green for buy
b. AND… Current price is above the baseline and no more than 1*ATR above
c. AND… QQE is above level 50
d. AND… Multi Sync Index is above 0
e. AND… Candle Volatility Index is valid – Bar is above MA line

2) Baseline cross Long


a. Current price crosses up over the baseline
b. AND… C1 is already giving a buy signal within 7 candles
c. AND… QQE is above level 50
d. AND… Multi Sync Index is above 0
e. AND… Candle Volatility Index is valid – Bar is above MA line

3) Continuation trade – Exit flip Long


a. Current price is still above the baseline and has not crossed over the baseline between trades
b. Previous long trade has ended due to exit indicator - QQE
c. Exit indicator QQE flips back to buy signal
d. AND… C1 SSL is still green
e. AND… Multi Sync Index is above 0
f. 1 ATR rule and volume do not apply for continuation trades

4) Continuation trade - new C1 signal Long


a. Current price is still above the baseline and has not crossed over the baseline between trades
b. Previous long trade has ended due to C1 flip
c. C1 SSL flips back and gives another fresh buy signal
d. AND… Multi Sync Index is above 0
e. 1 ATR rule and volume do not apply for continuation trades

Shorts:
5) C1 Signal Short
a. Fresh C1 sell signal within 2 candles (candle shift 0 or 1) – SSL is red for sell
b. AND… Current price is below the baseline and no more than 1*ATR below
c. AND… QQE is below level 50
d. AND… Multi Sync Index is above 0
e. AND… Candle Volatility Index is valid – Bar is above MA line

6) Baseline cross Short


a. Current price crosses down over the baseline
b. AND… C1 is already giving a sell signal within 7 candles
c. AND… QQE is below level 50
d. AND… Multi Sync Index is above 0
e. AND… Candle Volatility Index is valid – Bar is above MA line

7) Continuation trade – Exit flip Short


a. Current price is still below the baseline and has not crossed over the baseline between trades
b. Previous short trade has ended due to exit indicator - QQE
c. Exit indicator QQE flips back to sell signal
d. AND… C1 SSL is still red
e. AND… Multi Sync Index is above 0
f. 1 ATR rule and volume do not apply for continuation trades

8) Continuation trade - new C1 signal Short


a. Current price is still below the baseline and has not crossed over the baseline between trades
b. Previous long trade has ended due to C1 flip
c. C1 SSL flips back and gives another fresh sell signal
d. AND… Multi Sync Index is above 0
e. 1 ATR rule and volume do not apply for continuation trades
Exit rules:
1) Exit indicator triggers – QQE – Exit when Buffer 0 (top color line, blue) crosses Buffer 1 (second color line, white
dots), ignore Buffer 2 and 50 level
2) OR… C1 SSL flips
3) OR… C2 Multi Sync Index flips
4) OR… Price closes on the opposite side of the baseline
5) OR… Stop Loss is hit

Trade Management:

1) Enter 2 trades – lot size = 1% of account equity each


a. First: SL = 1.5*ATR, TP= 1*ATR
b. Second: SL = 1.5*ATR, no TP (will rely on Exit rules)
i. Move SL on second trade to break even after first trade hits TP
ii. Trail SL on second trade by 1.5 * ATR
iii. Exit according to Exit rules
2) Only check trades once/day
3) Don’t overextend on one currency – no more than 1 -2 trades on each at the same time

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