Trading Strategy Development

Strategy Overview
Timeframe: 1 Hour (H1)
Trading Pair: BTC/USDT (Binance)
Strategy Type: Breakout with Trailing Stop Loss

Entry Conditions (एंट्री के नियम)
BUY Conditions (कॉल साइड)
Previous candle must be GREEN (close > open)

Current candle breaks previous candle's HIGH

Immediate entry when high is broken

Close any existing SELL position before entering BUY

SELL Conditions (पुट साइड)
Previous candle must be RED (close < open)

Current candle breaks previous candle's LOW

Immediate entry when low is broken

Close any existing BUY position before entering SELL

Exit Conditions (एग्जिट के नियम)
Stop Loss (SL)
BUY positions: Previous candle's LOW

SELL positions: Previous candle's HIGH

Take Profit (TP)
1:1 Risk-Reward ratio (RR = 1)

Partial close: 80% position at TP

Remaining 20% runs with trailing SL

Trailing Stop Loss (ट्रेलिंग SL)
For BUY Positions
Activation: When 1:1 TP is hit (price reaches target)

Trailing rule: Whenever price breaks a new HIGH

Move SL to previous candle's LOW

Continue trailing until stopped out

For SELL Positions
Activation: When 1:1 TP is hit (price reaches target)

Trailing rule: Whenever price breaks a new LOW

Move SL to previous candle's HIGH

Continue trailing until stopped out

Additional Requirements
Visual Indicators:

Green arrow below candle for BUY signals

Red arrow above candle for SELL signals

Mark SL hits with X symbol

Position Sizing:

Fixed lot size (adjustable parameter)

Default: 5 lots

Backtesting Features:

Should work on TradingView

Compatible with Binance data

5-year backtest capability