OnePunch Algo Momentum Indicator V1

2021年8月24日

This is another Plugin from One Punch Algo Team. We call it OnePunch Algo Momentum Indicator V1.

Basic Use:
One Punch Algo Momentum Indicator plugin is used for momentum stocks and high volatility crypto. It provide signals based on Simple Moving Average, Volume, Support & Resistance Lines.

SIGNALS/ALERTS

Buy Signal: Purple Color uptrend icon gives you a signal of an up-trending movement or we call it momentum movement. This signal basically happen when a stock land in a high volatility zone. We use in-build systems such as SMA, Support and Resistance and Trends to come up with the Buy Signal.

Sell Signal: Gray Color downtrend icon gives you a signal of a downtrend movement.

Other Lines Shown in the Diagram:
Red Line is the 200 Day Simple Moving Average (SMA)
Green Line is the 50 Day Simple Moving Average (SMA)

Strategy Tester
Always make sure to use the strategy tester to test how historically our Algo has performed in different time frames. One Punch Algo Momentum Indicator provide the ability to backtest based on certain time periods. This allows you to backtest our Algo vs some other Algo to find which performed well for the given time period, you if you want to see buy and hold performance better than the use of an Algo. This is a strong tool to use for your analysis of a stock or crypto.

What are the timeframes where it is most effective?
Different Stocks or Crypto perform differently with One Punch Algo Momentum Indicator. Please make sure to backtest a stock or crypto before you use the strategy.

Short Term/Day Trading Setup

• For Short Term or Day Trade: 1min, 5min, 15min & 30min candlesticks works really well.
  
• Also 3min, 5min, 7min and 15min works as well
  

Mid Term Trading Setup

• For Mid-term traders: 30min, 1hr,2hr, and 4hr setup works really well.
  

For Long Term Trading Setup

• For long term traders: 4hr, 1D, 1Week and 1Month Setup works well.
  

Best used with Heikin Ashi or Candlestick charts.

DISCLAIMER: Stocks and options trading involves substantial RISK of LOSS and is NOT suitable for every investor. The valuation of stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks, you must seek independent advice from your financial advisor.

All trading strategies are used at your own risk. And OnePunch ALGO Developer, Youtuber or the channel does NOT take any responsibility for your losses using any of the advice or suggestions or strategies are shown/said in any of OnePunch ALGO Youtuber or the channel videos.

2021年9月6日

版本注释

Algo version upgraded to version 2. A massive improvement compared to Version 1. In this version, you will see diamond shapes forming in the candles. When you see these formation, wait till an uptrend signal appears to buy. We have also added stop loss risk management setup, for users to input their own stop loss management (default to 100%, user need to manually input your risk tolerance).


With Crypto or Stocks
Different Crypto Coins, should be used with different timelines and different risk management levels. Make sure to test it out with the backtester in Strategy Tester Tab.

Summery of This Version

• Added Risk Management System with user input Stop Loss
  
• Added Diamond shapes to expect future buy signals on a bearish trend
  
• Improved the Algorithm. More Power, More Profit
  

2021年10月8日

版本注释

Improved the algorithm Buy Sell Signals positions. Added extra layer of buying condition, which improved the net return.