SPXTrader CEDAR STRATEGY
SPXTrader Cedar is a combination of multiple trading models developed over time. It compares two timeframes for the underlying algorithm and determines the direction of trades when the two timeframes align. It also trades pullbacks and breakouts/breakdowns.
Here's Cedar's performance on /ES TradingView (Apr 6 - May 30 2020)
Here's Cedar's performance on /ES TradingView (Sep 2020 - July 2021)
Here's Cedar's performance on /ES TradingView (Feb 2022 - Dec 2022) with partial profit locking improving win rate 68+%
TradingView does not have historical data for backtesting longer periods than above
Cedar Strategy is only available for TradingView platform. Other Trading platforms aren't supported yet.
Cedar requires access to live data feed for /ES. This access is sometimes available through Brokers (like AMP Futures). If your broker does not provide data feed to TradingView, a CME Globex data subscription is required for Cedar ($2/month) as shown below
In some cases, the $2/month data cannot be added to Basic (Free) TradingView accounts. Please check with TradingView support for the matter.
Not a TradingView member? Sign up here and get $30 credit
The Cedar strategy has been developed and backtested for Emini S&P Futures (/ES and /MES). It contains various trade models and optimizations that are specific to /ES (and /MES). While there are plans to generalize Cedar to other assets, it is only recommended to be used with /ES (or /MES) for now.
Due to slight variations in price/volume, the signals generated across /ES and /MES can vary.
CEDAR VS SCALPER
SPXTrader Cedar internally uses a part of Scalper algorithm for TradingView along with other models optimized specifically for /ES (and /MES) trades. Due to internal differences between the two systems, the signals generated are different from Scalper algorithm.
Scalper is a generic strategy and can be applied to a variety of assets (including /ES) whereas Cedar contains various models (including the one used by Scalper) and optimizations specific to /ES, leading to better quality signals than Scalper. Cedar operates at a higher timeframe than Scalper and allows for swing trades leading to different risk profiles as well.
Note that you'd require Data Subscription with access to real time /ES prices on TradingView to use Cedar
Recommended Chart TimeFrame: 15 minutes
S/R Percent Threshold (Default 40) controls the sensitivity of the strategy. The higher the percent threshold, the lower the propensity to follow the trend on semi-extreme conditions. Range (0-99). Values >= 100 may have unspecified reactions.
All trade signal entries and exits are marked on the chart in TradingView. Alerts can be set up for these signals in TradingView as well.
Cedar does NOT use predefined stops on trades but most exits on a losing trade are under 20 /ES points under times of normal volatility.
Cedar Strategy alerts can be set up using TradingView.
It is recommended to set up alerts on /ES and /MES as signals on either asset is equally valid
For Step by Step instructions about setting up alerts, Click here
TradingView strategies DO NOT support AutoTrading custom strategies.
SPXTrader Cedar Strategy is available as a monthly subscription for $201/month (No Free Trials).
Subscribe via PayPal below and reach out to https://twitter.com/SPXTrades via a DM with your TradingView account username to get access to the strategy
Please note we cannot process refunds under any circumstances.
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NOTE: All Cedar signals and derivedinformation is proprietary. Sharing this information to any non-subscriber (user or entity) is prohibited and will be prosecuted.
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