Elder Triple Screen + Impulse veto¶
What it does: Buys short dips while the bigger trend is rising, using Elder's three-screen method. This checks three things. The bigger trend (4-hour): the 13-candle average and the MACD histogram are both rising. The dip (1-hour): the Force Index, which combines price change and volume, drops below zero. The trigger: the price turns up by a small amount.
Style: Multi-timeframe · Difficulty: Advanced · Risk: medium · Ready: 2 of 2 variants
When people use it: It tends to work in trends with regular pullbacks.
Where it struggles: It struggles in sideways markets and when the bigger trend flips.
Markets it was written for: BTC, ETH, majors. Timeframes: 4h tide / 1h wave (Elder used weekly/daily).
Open it in the Strategy Library (on the Strategies page), pick a variant, adjust the settings and press Add to my strategies. It becomes your own strategy: edit, backtest or trade it like any other.
Long¶
Buys short dips while the bigger trend is rising, using Elder's three-screen method.
Labels: Pullback, Long, Spot, Advanced, Medium
- Direction: Buy (long) · Market: spot
- Trigger: On candle close · Main timeframe: Auto (1h)
Entry
- IF EMA(13) rising over 1 bars (4h) and MACD(12,26,9) Histogram rising over 1 bars (4h) and EFI(2) < 0 (1h)
- UNLESS EMA(13) falling over 1 bars (1h) and MACD(12,26,9) Histogram falling over 1 bars (1h)
- Trailing entry %: 0.5%
Exit: Standard Exit
- Take-profit %: 4%
- Loss controls: Trailing stop % 2.5%
Settings
| Setting | Default | Editable | What changing it does |
|---|---|---|---|
| 4h trend average | 13 | Yes | Length of the bigger-trend average on the 4-hour chart. Shorter reacts sooner to trend changes (more trades, more false signals); longer is steadier (fewer trades). |
| Force Index length | 2 | Yes | How many candles the Force Index smooths. Shorter catches small pullbacks (more trades); longer only counts bigger pullbacks (fewer trades). |
How it works (as shown in the app)
- This checks three things. The bigger trend (4-hour): the 13-candle average and the MACD histogram are both rising. The dip (1-hour): the Force Index, which combines price change and volume, drops below zero. The trigger: the price turns up by a small amount.
- It skips entries when the 1-hour candle is 'red' in Elder's Impulse System (both the average and MACD histogram falling).
- It exits at a 4% profit target or a 2.5% trailing stop (a stop that follows the price up).
- It tends to work in trends with regular pullbacks.
- It struggles in sideways markets and when the bigger trend flips.
- Elder used weekly and daily charts; this uses 4-hour and 1-hour because weekly candles aren't available yet.
Short (perp)¶
Shorts short rallies while the bigger trend is falling, using Elder's three-screen method.
Labels: Pullback, Short, Futures, Medium, Backtest Only
- Direction: Sell (short) · Market: swap
- Trigger: On candle close · Main timeframe: Auto (1h)
Entry
- IF EMA(13) falling over 1 bars (4h) and MACD(12,26,9) Histogram falling over 1 bars (4h) and EFI(2) > 0 (1h)
- UNLESS EMA(13) rising over 1 bars (1h) and MACD(12,26,9) Histogram rising over 1 bars (1h)
- Trailing entry %: 0.5%
Exit: Standard Exit
- Take-profit %: 4%
- Loss controls: Trailing stop % 2.5%
Settings
| Setting | Default | Editable | What changing it does |
|---|---|---|---|
| 4h trend average | 13 | Yes | Length of the bigger-trend average on the 4-hour chart. Shorter reacts sooner to trend changes (more trades, more false signals); longer is steadier (fewer trades). |
| Force Index length | 2 | Yes | How many candles the Force Index smooths. Shorter catches small pullbacks (more trades); longer only counts bigger pullbacks (fewer trades). |
How it works (as shown in the app)
- This checks three things. The bigger trend (4-hour): the 13-candle average and the MACD histogram are both falling. The rally (1-hour): the Force Index, which combines price change and volume, rises above zero. The trigger: the price turns down by a small amount.
- It skips entries when the 1-hour candle is 'green' in Elder's Impulse System (both the average and MACD histogram rising).
- It closes at a 4% profit target (price 4% below entry) or a 2.5% trailing stop (a stop that follows the price down).
- It tends to work in downtrends with regular rallies.
- It struggles in sideways markets and when the bigger trend flips up.
- Elder used weekly and daily charts; this uses 4-hour and 1-hour because weekly candles aren't available yet.
- Shorting means you profit if the price falls and lose if it rises.
- Suggested leverage is at most 3x. On isolated margin, at 3x the exchange closes the position (liquidation) if the price moves about 33% against you, and you lose the margin you put into it. Keep your stop well inside that.
- For now this version runs in backtests only; paper and live futures trading are coming later.
Warnings¶
- "Backtest only for now: paper and live trading of shorts are coming later.": shown on short variants. They need perpetual or futures pairs.
- Some variants suggest leverage. On isolated margin a liquidation loses the margin in that position; keep any stop well inside the liquidation distance (the Trade Builder warns you when it isn't).
- Once added, the strategy's conditions get the usual condition checks. Messages show under each condition on the entry / exit conditions screen; setting errors start with the indicator's short name (for example "MACD: Fast must be between 1 and 1000") and block saving, while the other warnings never block saving and repeat in the strategy's Entry or Exit section. See the indicator pages below for each one.
- "You already have this strategy with these settings (…). Change a setting to add another copy.": shown on the variant's page in the Strategy Library when you already added this variant with the same settings.
Good to know¶
- After you add it, the strategy keeps the library's trigger and an Auto main timeframe; you can change both in the builder. Nothing links it back to the library, except that the builder still shows the library's explanations in the info bubbles.
- Changing a setting before adding it also changes the saved name, so you can tell copies apart.
- Past results don't predict future ones. Try it in a backtest and on paper before using real money.
- Indicators used: EFI, EMA, MACD.