It uses and crosses to find entries and exits.
There is an option for sourcing Heikin Ashi based entries/exits.
There is an option for Stop Loss percentage.
It is made for finding Long entries on the 45min chart.
You can optimize the signals by adjusting the moving average lengths.
The default settings are for BTC /USDT 45min.
Suggestion, reduce the Stop Loss percentage for smaller / more volatile assets.
You can choose what level the Stochastic RSI must be under in order to "BUY".
I have also fixed the labels so they show up in the correct location, corresponding with the actual orders placed in back testing.
This indicator is getting shockingly powerful.
Now the chart image displays the script properly with realistic back testing results.
Added the K period smoothing for the Stochastic RSI.
I did not find it helpful to change the smoothing, but perhaps you will find it useful for the assets you're trading.
Before it would occasionally fail to stop a losing trade.
Now it works properly.
The labels repaint on the current bar, after the bar has closed, the label is final and will not repaint.
This prevents a bot from buying or selling based on an alert that may be repainted (invalidated)
If you are using an Alert based trading bot, then modify the Alert messages at the bottom of the script.
If you would like for the bot to send alerts on the current bar rather than the next one, then remove from "buyoption", "strategicsell", and "stop"
I hope this was easy to understand and helpful.
I use 90% of equity with my trading bot.
But most people won't use more than 20%.
So I don't want to show unrealistic results.
You can choose the MA type and whether or not you only want to sell in profit.
These added features increased the net profit by around 30% in my testing on Harmony(ONE)/USDT and Bitcoin(BTC)/USDT.
It increases or decreases by 5 now.
Man this indicator is turning out awesome.
Works VERY well on medium sized cryptos like ONE, FTM, AXS, ENJ.
I got it up to 108,000% net profit on FTM 45min... The potential is unbelievable.
Now you can type your alert message into the settings input tab.
Or you can insert your 3Commas alert messages there after formatting them correctly.
//In the Indicator Setting Inputs Tab, do the following...
//Replace the "BUY" message with your 3Commas "Deal Start" message.
//Replace the "SELL" and "STOP" messages with your 3Commas "Deal Close" message.
//In the Alert Settings, do the following...
//Condition = "𝐉𝐔𝐈𝐂𝐘 𝐓𝐑𝐄𝐍𝐃" and "alert() function calls only".
//Expiration time = Maximum time possible.
//Alert actions = Webhook URL (provided by 3Commas)
//3Commas BOT will receive the messages and initiate trades accordingly.
Now the Alert will only be sent one time after a "BUY" signal.
The same is true for "SELL" signal alert.
However, "STOP" signal alerts will still repeat on every bar... This is due to the limitations of the script but is also not a bad feature. It may be good to send redundant alerts for the stoploss.
As such, I have increased the trade quantity to 30%.
I have also fixed an issue with STOP signals being recognized as SELL signals.
This caused the same alerts to show up for STOP and SELL signals, now they are individualized.
SELL and STOP signals are individualized better.
I did this to prove that even in the worst case scenario, you or your bot can still be profitable with this indicator.
11% month is NOT a bad "worst case scenario", am I right?
Next I will add an option to make the stop loss trailing.
This will stop trades after the chosen amount of bars so your bot can get back into action.
There was an issue with trades waiting a very long time for the price to come back into profit which was not practical in some situations.
If you're only trading with the trend, there will be one final trade at the end that is not sold in profit.
If you have enabled the feature to only sell in profit then you will have to use this new feature to force the trade to stop.
I coded it wrong the first time, it was tick based.
Now you can choose the minimum percent profit if you're selling only in profit.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.