INVITE-ONLY SCRIPT
NCM - Buy Bottom, Sell Top - Contraian
Stock market theory suggests the top ways to make money in trading:
1. In trading, increase in probability of profit will increase overall profit
2. To profit, buy low, sell high (or vice versa)
3. When the market is selling, buy. When the market is buying, sell.
4. The trend is your friend
And, the script further evaluates:
5. How many waves does the asset make in a particular time frame, and the number bars of tops/bottoms in these waves
6. Within these wave intervals, how many tops are made when rising, and how many bottoms are made when falling
Each share behaves in a very unique way, and this script finds the shares which meet the above criteria. When conditions are met, this code has been backtested (in 1000+ tests) and found an accuracy in 85%+ trades. The script was also backtested to check what wave ratios, interval ratios were ideal
**🔍 Strategy Overview**
This trading strategy is a sophisticated approach designed to capitalize on market inefficiencies by identifying optimal entry and exit points. By blending contrarian principles with trend-following indicators, this strategy aims to maximize profitability while effectively managing risk. Ideal for traders seeking a balanced methodology that leverages both market sentiment and technical analysis, the strategy indicator offers a comprehensive framework for navigating diverse market conditions.
**📈 Key Features**
**Contrarian and Trend-Following Blend**
**1. Contrarian Approach**: Positions the trader to buy during market downturns and sell during upswings, capitalizing on periods when the majority may be acting counter to prevailing trends.
**2. Trend Confirmation**: Utilizes advanced technical indicators to ensure trades are aligned with strong and enduring market trends, enhancing the probability of successful outcomes.
Advanced Technical Indicators
**3. Exponential Moving Averages (EMAs)**: Employs multiple EMAs to assess and confirm the direction and strength of market trends.
**4. Average Directional Index (ADX)**: Measures the strength of a trend, ensuring that trades are taken only when market momentum is sufficient to support sustained movements.
**5. Comprehensive Risk Management**
**Dynamic Stop Losses**: Implements flexible user-input based stop loss mechanisms tailored to different market conditions, protecting capital from adverse price movements.
**Take Profit Targets**: Establishes predefined profit-taking levels to secure gains systematically.
**Time-Based Exits**: Incorporates exit strategies based on holding periods, ensuring that positions are closed after a specified duration to lock in profits and minimize exposure.
Enhanced Trade Execution
**Limit Orders Based on Full Candle Range**: Executes trades considering the entire price action within a candle, including wicks, ensuring that significant price movements are captured effectively.
User-Friendly Customization
Configurable Parameters: Allows traders to adjust key settings to align the strategy with their individual trading styles and risk tolerances.
Visual Aids: Provides clear visual markers on charts for easy monitoring and analysis of trade signals and performance metrics.
**✨ Benefits**
**1. Maximized Profit Potential**: By strategically buying low and selling high, the V 187 strategy seeks to optimize the risk-reward ratio, enhancing overall profitability.
**2. Robust Risk Mitigation**: Comprehensive exit strategies and dynamic stop losses work in tandem to protect against significant losses, ensuring capital preservation.
**3. Adaptability**: Designed to perform consistently across various market conditions, whether trending or ranging, making it a versatile tool for traders.
**4. Ease of Use**: Intuitive settings and clear visual indicators simplify the trading process, allowing both novice and experienced traders to implement the strategy effectively.
1. In trading, increase in probability of profit will increase overall profit
2. To profit, buy low, sell high (or vice versa)
3. When the market is selling, buy. When the market is buying, sell.
4. The trend is your friend
And, the script further evaluates:
5. How many waves does the asset make in a particular time frame, and the number bars of tops/bottoms in these waves
6. Within these wave intervals, how many tops are made when rising, and how many bottoms are made when falling
Each share behaves in a very unique way, and this script finds the shares which meet the above criteria. When conditions are met, this code has been backtested (in 1000+ tests) and found an accuracy in 85%+ trades. The script was also backtested to check what wave ratios, interval ratios were ideal
**🔍 Strategy Overview**
This trading strategy is a sophisticated approach designed to capitalize on market inefficiencies by identifying optimal entry and exit points. By blending contrarian principles with trend-following indicators, this strategy aims to maximize profitability while effectively managing risk. Ideal for traders seeking a balanced methodology that leverages both market sentiment and technical analysis, the strategy indicator offers a comprehensive framework for navigating diverse market conditions.
**📈 Key Features**
**Contrarian and Trend-Following Blend**
**1. Contrarian Approach**: Positions the trader to buy during market downturns and sell during upswings, capitalizing on periods when the majority may be acting counter to prevailing trends.
**2. Trend Confirmation**: Utilizes advanced technical indicators to ensure trades are aligned with strong and enduring market trends, enhancing the probability of successful outcomes.
Advanced Technical Indicators
**3. Exponential Moving Averages (EMAs)**: Employs multiple EMAs to assess and confirm the direction and strength of market trends.
**4. Average Directional Index (ADX)**: Measures the strength of a trend, ensuring that trades are taken only when market momentum is sufficient to support sustained movements.
**5. Comprehensive Risk Management**
**Dynamic Stop Losses**: Implements flexible user-input based stop loss mechanisms tailored to different market conditions, protecting capital from adverse price movements.
**Take Profit Targets**: Establishes predefined profit-taking levels to secure gains systematically.
**Time-Based Exits**: Incorporates exit strategies based on holding periods, ensuring that positions are closed after a specified duration to lock in profits and minimize exposure.
Enhanced Trade Execution
**Limit Orders Based on Full Candle Range**: Executes trades considering the entire price action within a candle, including wicks, ensuring that significant price movements are captured effectively.
User-Friendly Customization
Configurable Parameters: Allows traders to adjust key settings to align the strategy with their individual trading styles and risk tolerances.
Visual Aids: Provides clear visual markers on charts for easy monitoring and analysis of trade signals and performance metrics.
**✨ Benefits**
**1. Maximized Profit Potential**: By strategically buying low and selling high, the V 187 strategy seeks to optimize the risk-reward ratio, enhancing overall profitability.
**2. Robust Risk Mitigation**: Comprehensive exit strategies and dynamic stop losses work in tandem to protect against significant losses, ensuring capital preservation.
**3. Adaptability**: Designed to perform consistently across various market conditions, whether trending or ranging, making it a versatile tool for traders.
**4. Ease of Use**: Intuitive settings and clear visual indicators simplify the trading process, allowing both novice and experienced traders to implement the strategy effectively.
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