Dompeet Pompeet (Breakout bot)

Dompeet Pompeet is my first attempt at a viable swingtrading algo.

It uses volatility and some trend analysis to enter trade when the market is about to breakout or break down. Having a trailing stop locks in profits and prevents runaway losses for low drawdown and 2:1 profit factor.

Settings to use:

• BTCUSD or XBTUSD
  
• 4hr Timeframe or 2hr or 1hr (not shorter)
  
• Bars window: 13, 16 or 20 bars
  
• Moving average settings: 100/10 EMA to confirm trend
  
• Trade the Trend - check on to only take trades long in a confirmed uptrend (vice versa short), otherwise it will attempt to buy and sell counter trend, which increases profits but also increases loss rate.
  
• Trailing stop, values from 2-5% give the best results.
  

Take with a pinch of salt, there are some bugs in pine script which are difficult to track down but overall I'm pleased with the idea.