Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Script for automatic trading with Alerts.
LG --> Long (green: not confirmed) (lime: confirmed) ST --> Short (maroon: not confirmed) (red: confirmed) TS --> Trailing Stop xL --> Close Long Position xS --> Close Short Position SL --> Stop Loss
The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no ideal distance because markets and price are always changing and we know that is impossible to exit on the top or bottom. This script interpolate the trailing Stop Offset with profit, higher profit --> higher Trailing Stop Offset. Despite this, it's difficult to catch the price but not impossible. It has a TS delay too. It take a snapshot every X seconds, if the TS is activated the alert is triggered, otherwise the price keeps fluctuating until a new snapshot.
It can be easily converted to Backtest. Just delete "//" on the corresponding part.
Default settings for XBT:USD at 1H.
Release Notes
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Added RSI and MACD
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Repeated part deleted
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Stop Loss bug fixed Added option for activate not confirmed signals (better profit but high risk)
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Xlong & Xshort fixed
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Now the Trailing Stop can be triggered even if price is lower than the activation limit just like the strategy or backtest script.
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Confirmed signals improved and added independent alerts for TS.
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Limit orders for better profit & one alert every minute closing X% only for TS.
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Enjoy!
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SL
Release Notes
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New rebuild optimized for closing the position every minute with X% in every Trailing Stop alert only. Stop Loss Fixed. Now this is the Super-RePaNoCHa script ;-)
An example on a 5 minutes timeframe for XBTUSD (BITMEX)
Position Side = BOTH Source = hlc3 T3 Length = 20 T3 Volume Factor = 0.3 Sampling Period = 30 Range Multiplier = 3.2 ADX lenght = 48 ADX Threshold = 15 SAR start = 0.31 SAR inc = 0.2 SAR max = 0.12 RSI length = 34 RSI Center Line = 50 MACD Fast Length = 7 MACD Fast Length = 19 MACD Signal Length = 13 Trailing Stop Activation % = 0.5 Trailing Stop Offset % (when profit=0.5 %) = 0.25 Trailing Stop Offset % (when profit=10 %) = 1 Stop Loss = false Tics/Pips Correction = 2 Initial Capital = 1000 Quantity = 100 % Commission value = 0.075 %
Release Notes
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A little improvement with Xlong/Xshort
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New improvement with XConditions
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Reconfigured to be shorter and better. Unconfirmed signals are more stable. Default settings for BINANCE BTC:USDT (Comission_value = 0.04 taker). TS Delay deleted. Set one alert per minute only for Trailing Stop, closing 10-25%.
It does trigger an alarm on the strategy, but not on the study.
Example, when it is good:
Example when the alerts get triggered on the chart:
Is that due to the lack of PIP settings in the study?
Also, the sells and buys don't match, even if you put the same settings, as seen from the above snapshot.
Life_Analysis
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Is it okay to use Heiken-ashi candles?
HNTrader
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Hi, Thanks for sharing..this looks great.. just one question. I noticed that sometimes alert signals and strategy signals are not the same. Is there a reason for that?
UnknownUnicorn2151907
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@HNTrader, You're welcome. It's because the Trailing Stop by default on strategies commands in TradingView cannot calculate the Dynamic Trailing Stop on the alerts version, but it's pretty similar.
FVM
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Congrats!! However I have the same doubt. I've already deleted, but the pop-up is stil being showed. Could you help me?
UnknownUnicorn2151907
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@FabioMartinsac, You have to delete de TS Delay part but don't worry, that's only a pop-up. ;-)
luciferlx
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should put alert once per bar or only use once per bar closed?
//strategy.exit("Tsl", "long", trail_points = (abs((last_open_longCondition*(1+(tsi/100)))-last_open_longCondition)*pips_corection),
// trail_offset = (high*(ts/100))*pips_corection, loss = Act_sl ? (abs((last_open_longCondition*(1-(sl/100)))-last_open_longCondition)*pips_corection) : na)
//strategy.exit("Tss", "short", trail_points = (abs((last_open_shortCondition*(1-(tsi/100)))-last_open_shortCondition)*pips_corection),
// trail_offset = (low*(ts/100))*pips_corection, loss = Act_sl ? (abs((last_open_shortCondition*(1+(sl/100)))-last_open_shortCondition)*pips_corection) : na)
It does trigger an alarm on the strategy, but not on the study.
Example, when it is good:
Example when the alerts get triggered on the chart:
Is that due to the lack of PIP settings in the study?
Also, the sells and buys don't match, even if you put the same settings, as seen from the above snapshot.