Range Filter + ADX v2 by @DaviddTech
📈 TradingView Strategy: https://www.tradingview.com/script/8jr2c8GZ-Range-Filter-ADX-v2-by-DaviddTech/
🍿 Watch video: https://www.youtube.com/watch?v=fnwHGdCIv_Q
Strategy : [Range Filter + ADX v2 by @DaviddTech]
Video : 1000 TRADES TRADINGVIEW Strategy –
Profitable | FOREX CRYPTO & STOCKS 75% WIN
RATE
Trading is easy, however, consistently profitable trading is where the difficulty lies. Traders since the beginning of time have tried to come up with a strategy that they could use in order to increase their win rates while minimizing their risk. In this article, we go over one of the ways in which you could do so. We discuss the different indicators, the settings used, and also go over the results. Read on to find out more.
INDICATORS EXPLAINED There are 2 main indicators used in this trading setup, and each of these indicators has been explained below in detail.
Average Directional IndexThe ADX indicator is often called the ultimate trend indicator, as it helps traders to identify when prices are flowing strongly in one direction. It does this by using a moving average of a given number of bars and therefore helps to reduce the risk associated with trend-based strategies such as scalping. It is a line and gives a value between 0 and 100. The ADX gives the strength of a given trend irrespective of whether the trend is a bullish or bearish one. The higher this value, the stronger the trend.
Range FilterThe Range Filter indi
cator is used in order to get a much clearer picture about the trends in the market. What it essentially does is clear out a lot of noise from the price chart of a particular security using the volatility calculations, so that you can only see the major trend movements. This can then be used for taking long or short trades depending on the trend that has been identified by the indicator.
SETTINGSFor this particular trading setup, the default settings were used on both the indicators. No trades were initiated if the ADX was below 20.
A long was initiated whenever there was a buy signal on the Range Filter Indicator, and a short was initiated whenever there was a sell signal. The ADX was used to filter out bad trades, and an ATR indicator with a multiplier of 3 was used to set stop-loss and take-profit levels.
The risk-reward ratio was fixed at 1:2.
RESULTS AND ADJUSTMENTS Initial Results After a 15-minute scalping session over the course of 6 months worth of past data, the overall results were:
**Profitability**: 709.44% net profit
**Number of Trades: **168
**% of trades profitable: **77.66%
**Profit factor**: 2.413
**Drawdown:** 25.92%
Adjustments Some additional indicators and settings that could be added in order to increase the win rate and reduce the risk employed are:
An EMA200 line could be added for better confluence to avoid bad trades.Different levels of leverage could be employed to boost the profitability and/or the win-rate associated with the st
rategy. The take-profit and stop-loss levels could be tweaked to further affect the percentages of trades that were profitable. Multiple take-profits or stop-losses could be added to change the profitability or the win rate. Trading is easy, however, consistently profitable trading is where the difficulty lies. Traders since the beginning of time have tried to come up with a strategy that they could use in order to increase their win rates while minimizing their risk. In this article, we go over one of the ways in which you could do so. We discuss the different indicators, the settings used, and also go over the results. Read on to find out more.
INDICATORS EXPLAINED There are 2 main indicators used in this trading setup, and each of these indicators has been explained below in detail.
Average Directional IndexThe ADX indicator is often called the ultimate trend indicator, as it helps traders to identify when prices are flowing strongly in one direction. It does this by using a moving average of a given number of bars and therefore helps to reduce the risk associated with trend-based strategies such as scalping. It is a line and gives a value between 0 and 100. The ADX gives the strength of a given trend irrespective of whether the trend is a bullish or bearish one. The higher this value, the stronger the trend.
Range FilterThe Range Filter indicator is used in order to get a much clearer picture about the trends in the market. What it essentially does is clear out a lo
t of noise from the price chart of a particular security using the volatility calculations, so that you can only see the major trend movements. This can then be used for taking long or short trades depending on the trend that has been identified by the indicator.
SETTINGSFor this particular trading setup, the default settings were used on both the indicators. No trades were initiated if the ADX was below 20.
A long was initiated whenever there was a buy signal on the Range Filter Indicator, and a short was initiated whenever there was a sell signal. The ADX was used to filter out bad trades, and an ATR indicator with a multiplier of 3 was used to set stop-loss and take-profit levels.
The risk-reward ratio was fixed at 1:2.
RESULTS AND ADJUSTMENTS Initial Results After a 15-minute scalping session over the course of 6 months worth of past data, the overall results were:
**Profitability**: 709.44% net profit
**Number of Trades: **168
**% of trades profitable: **77.66%
**Profit factor**: 2.413
**Drawdown:** 25.92%
Adjustments Some additional indicators and settings that could be added in order to increase the win rate and reduce the risk employed are:
An EMA200 line could be added for better confluence to avoid bad trades.Different levels of leverage could be employed to boost the profitability and/or the win-rate associated with the strategy. The take-profit and stop-loss levels could be tweaked to further affect the percentages of trades that were profitable.
Multiple take-profits or stop-losses could be added to change the profitability or the win rate.
can you upload the CSV file to this?
i dont think that the old setup is compatible with the newest version if any
