Boost Trading Returns by 30% with Python Automation of Price Channel Breakouts

Discover how to increase your trading returns by 30% using Python to automate price channel breakouts. We'll walk through the process of identifying pivot points, fitting linear slopes, defining valid price channels, and detecting breakouts. We'll also show how to improve your trade management strategy to boost your backtesting returns. Download our Python source code from the link below and experiment with smart methods. Don't forget to like, share, and subscribe for more trading insights! #trading #python #automation #breakouttrading
💲 Discount Coupon for My Udemy course on Algorithmic Trading:
bit.ly/CouponAlgorithmicTrading
🔥Download the Python notebook used in this video from the link below:
drive.google.com/file/d/14q1q...
...and the data file if needed:
drive.google.com/file/d/17fPD...
00:00 Breakout Strategy Introduction
01:02 Pivot Points And Price Channel Detection
02:58 Breakout Detection
05:30 Jupyter Notebook Python Code
16:45 Plotting Breakout Detection Results
19:07 Trading Strategy Backtesting In Python

[@AntonAnisimovMSK]

For all who has a warning: "A value is trying to be set on a copy of a slice from a DataFrame. Try using .loc[row_indexer,col_indexer] = value instead" Try to set pd.options.mode.copy_on_write = True right after pandas import

[@CodeTradingCafe]

Hi, thank you, I will pin this comment just in case.

[@STATxSomething]

Thanks for sharing knowledge ❤

[@CodeTradingCafe]

Nice of you, thank you for your support!

[@shahramrezakhani1878]

excellent !!! thanks a lot.

[@CodeTradingCafe]

You are welcome! thank you for your support.

[@adamurat5790]

Thank you.

[@CodeTradingCafe]

You're welcome! Thank you for your support!

[@zbr2979]

Can you please do something that looks at FVG? I would greatly appreciate it, I’ve seen your other videos and they are great. Keep up the good work.

[@CodeTradingCafe]

I will add it to the list, oh my long list now, I have to work harder, thank you for your support!

[@ldandco]

great videos, thank you Do you have any forum/discord etc ? any way to ask questions, and get/give feedback ?

[@CodeTradingCafe]

Thank you for your message, I am just here on KZbin... and barely managing :)

[@k-popboy8416]

You are the best

[@CodeTradingCafe]

Thanks a lot :)

[@k-popboy8416]

@@CodeTradingCafe it is the truth , all of the best for you my bro

[@valentinfontanger4962]

Hi, good video. For measuring how parallel the two lines are, why not checking | low_slope - high_slope | < threshold ? Thanks a lot

[@CodeTradingCafe]

Hi the slope value will change with the asset depending on how volatile it is so a threshold would have to be changed if you are changing assets, a percentage on the other hand can remain the same as a first attempt and wouldn't cause problems.

[@valentinfontanger4962]

That sounds good to me. Thanks a lot@@CodeTradingCafe

[@James_bagucinha]

Hello brother, i love your videos… is there possible to u to create a oscillator or a trend detector?

[@CodeTradingCafe]

Hi thank you, very much possible yes, check previous videos also you might find interesting topics on trend detection using ML, it's on a different playlist on my channel.

[@James_bagucinha]

@@CodeTradingCafe i checked, ty... but actually i am using talib and bolling bands... its faster, but i need to improve it

[@rakishman1313]

wasnt really able to make it work too well , i think the essence of the code is pretty nice . I think a pinescript conversion would be more beneficial for better visuals and continuity of the algorithm. I have seen one very similar but ended up losing it in tradingview.

[@CodeTradingCafe]

It's good combined with other indicators, but on its own I agree it's not enough.

[@InAeyMinute]

is there a chance u can make an indicator based on liquidity sweep and its connected to bookmap to take the liquidity levles and if sweeped take a trade

[@CodeTradingCafe]

Hi, I can consider it but do you have a detailed description, a reference or any document ?

[@InAeyMinute]

if u familiar with Liquidity trading which is related to ict kzbin.info/www/bejne/i2nbeWWaesx7a6M&pp=ygUqYnV5IHNpZGUgbGlxdWlkaXR5IGFuZCBzZWxsIHNpZGUgbGlxdWlkaXR5 so ict once said that you can spot the best liquidity zones from the bookmap chart kzbin.info/www/bejne/ep67lnaEhdxlnZY&pp=ygUXYm9va21hcCBzaWRlIGxpcXVpZGl0eSA%3D so i wander if there is a way we can make an indicator the pull the data from bookmap using api and trade the buyside and sell side liquidity concepts but based on the strong level generated from bookmap @@CodeTradingCafe

[@chandrashekharsharma9085]

Sir i requested to you plz upload one video of cup and handle pattern detector.

[@CodeTradingCafe]

Hi, please check these 2 videos: kzbin.info/www/bejne/jYexc5Jsf7eVopI kzbin.info/www/bejne/g6nOaYOGaNuVq6M you can adapt these codes to cup and handle it's very similar approach. Good luck!

[@liliu7418]

Can you also share these two files as well? from backtesting import Strategy from backtesting import Backtest I was trying to run the codes, but I found that these two files were missing. Thank you.

[@CodeTradingCafe]

Hi these need to be installed using pip.."!pip install backtesting" (in a jupyter notebook cell just run this it should work)

[@amolsahare8682]

How can i use this code for automation trading... I want to use this strategy with small modifications on my demo account for forwarding testing?

[@CodeTradingCafe]

Hi you will need to adapt the signal functions and deploy using this example kzbin.info/www/bejne/jZTJfJSQgZmppqM

[@johnnykiddo7658]

Hey brother so far I really love your videos and I’ve been looking for a accurate realistic channel that teaches how to code and backtest them I have a little experience in coding. I have a a strategy I am dying to automate and I’m confident it’s gonna have a wine rate of 90% to possibly 95% wine rate it doesn’t require indicator just price action Manually trading my strategy I was able pass funded challenges in a or so only thing is I’m not a consistent profitable trader cause I don’t have a good psychology as yet, I would like to share with you my explaining and a video so maybe you can give me an assist and recommendation I would even pay.

[@CodeTradingCafe]

Hi, thank you for your comment, if you want to have my opinion send me a description by email (the email is in the about page of this channel codingntrading at gmail dot com), I will let you know maybe I already coded something similar.

[@nimbupaani6335]

Hey there let me know I am a data scientist professional and I have built many trading algorithms for detecting breakouts. I would love to connect with you to understand your idea.

[@viven2756]

How you send order to market if you use python

[@CodeTradingCafe]

Hi, check this video for an example: kzbin.info/www/bejne/jZTJfJSQgZmppqM I will also prepare another one soon with more detailed strategy.

[@ims3312]

There are basically two ways: obtaining the api interface from the trader or using software similar to appnuim to simulate the operation library.

[@indonesiancoinarchers4441]

Can you make it for binary option, like olymtrade or binomo,??

[@CodeTradingCafe]

Hi, the code can be adapted for any asset.

[@indonesiancoinarchers4441]

Do you have video about it,?

[@indonesiancoinarchers4441]

For binary options bot

[@CodeTradingCafe]

I don't have a ready video about this at the moment but try to fiddle with the codes I am publishing you might reach a good result.

[@indonesiancoinarchers4441]

@@CodeTradingCafe I will try it