The reason why this indicator is called Pump and Dump is because it is based on volume.
The indicator focuses on volume levels to see if there is an increase in volume before deciding if it is worth entering a Position.
Long example = This will use ATR and price averages to trend Bullish and once the trend favours the upside it will then look at the Volume candles and if a candle is bigger then the average volume and the trend (ATR) is above a certain level it will then Give us a long entry if those conditions are true. We can have more than one long after one another since it will give us a position every-time the conditions are true and after TP(take profit) 1 or a Stop Loss was hit.
Short example = If the trend based on average price is trending downwards and we can see an increase of volume it will wait till we break a certain level breaks when we get the average price from the highs and Lows, then once the trend has met the bearish conditions it will wait for increase in volume and trigger a Sell. The sell will close once TP(take profit) 1 or a Stop Loss is hit.
In the inputs you can adjust the MA (moving average length. This helps to decide if the Trend is bearish or bullish. Higher moving averages will give you less entries and a lower moving average will give you more entries ,since price crosses lower MA's more it will change the trend more often.
Sensitivity is a divider of the MA values is so the higher the Sensitivity the lower the more trades you get since the trend is changing faster.
You will see that there is a backtesting panel on your chart when you look in the inputs there will be a statistics tab which will have 1. Simple 2. Mobile 3. Hide options
1. Simple is designed when you are using a PC or Laptop
2.Can be used when you are using your mobile it will show less data but won't be in your way
3.This will hide the backtesting panel on your screen.
Exit strategy.
there are 3 Types of exits for this indicator.
1 .CrodlExit which is ATR indicator based Exit with a divider.
2 . fIxed SL , this works in % so 1 = 1% market move.
3 .Reverse exits = Longs exit shorts and shorts exit longs.
there are 4 take profit targets and all of them are adjustable.
1= 0.5% by default
2=1% by default
3=1.5% by default
4=2% by default
on the Back tester you will find the following information :
Timeframe of your chart and then the Symbol or pair you are trading.
First trade = when the back tester starts to read data.
Total trade = Total buy and total sell signals and then total trades are buy + sell signals.
total win = total buys hit take profit 1 and total sells that hit take profit 1 and then total buy + total sells that hit take profit 1.
total loss = total buys that hit which ever exit mode you selected in the inputs by default it is crodl exit and total sells that hit which ever exit mode you selected in the inputs by default it is crodl exit and then you will get total buy losses + total sell losses to get total loss.
TP1= the % difference between total trades won and lost for the 1st take profit target and your stop loss method you chose.
TP2= the % difference between total trades won and lost for the 2nd take profit target and your stop loss method you chose.
TP3= the % difference between total trades won and lost for the 3rd take profit target and your stop loss method you chose.
TP4= the % difference between total trades won and lost for the 4th take profit target and your stop loss method you chose.
average win streak give you the average of how many winning trades you had every time before hitting a stop loss.
average loss streak is how many stop loss you hit on average before take profit one has been reached.
longest win streak give you the amount of winning trades you had without hitting a stop lossl that is selected in your inputs.
longest loss streak give you the amount of losing trades you had one after the other before hitting take profit 1.