INVITE-ONLY SCRIPT
WiseOwl Strategy - Trend Following Mastery
Updated
The WiseOwl Strategy is a versatile trading system designed to adapt to various market conditions through customizable settings and dynamic logic. This strategy incorporates advanced features such as time-based entry filters, dynamic risk management using ATR-based stop-losses, and customizable EMA configurations for trend determination.
Key Features:
Usage Guidance:
This strategy is intended for educational purposes and can be used as a tool for backtesting and analyzing different trading setups. Users are advised to apply additional risk management practices and avoid using this strategy for live trading without thorough evaluation.
Disclaimer:
Trading involves significant risk, and this script does not guarantee future performance. It is essential to test and customize the strategy according to individual needs.
Key Features:
- Customizable Date Range: Allows you to specify the trading window for optimized backtesting.
- Multiple Trading Modes: Select from various modes like Conservative, Balanced, or Aggressive to suit your risk appetite.
- Multi-Timeframe Analysis: Dynamically calculates signals using higher and middle timeframes for robust trend validation.
- Dynamic Stop Loss and Cooldown: Implements ATR-based trailing stop losses and cooldown periods to minimize overtrading.
- Signal Enhancements: Incorporates volume conditions and signal expiration logic to improve reliability.
- Visual Aids: Highlights trade entries and exits on the chart for better visualization.
Usage Guidance:
This strategy is intended for educational purposes and can be used as a tool for backtesting and analyzing different trading setups. Users are advised to apply additional risk management practices and avoid using this strategy for live trading without thorough evaluation.
Disclaimer:
Trading involves significant risk, and this script does not guarantee future performance. It is essential to test and customize the strategy according to individual needs.
Release Notes
.Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact TraderOuss_LumaNex for more information, or follow the author's instructions below.
Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″This invite-only indicator is exclusively available to LumaNex subscribers. To gain access, subscribe through LumaNex’s official channels, provide your TradingView username to the support team, and access will be granted upon verification.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.