Gesundheit

Starting Template

This script sets defaults that I like to start with:
  • Trade commission set to 0.25%
  • Allow multiple buys before sells
  • Fixed trade size

Also included are setting a minimum desired gain (change gain_protection to 0 if you want to sell regardless of your gain), and buying only if it will reduce your average bought price (change avg_protection to 0 to turn this feature off).

This strategy only takes long positions since Gunbot does not make short positions.

We also start the backtesting at a specific time, to avoid going over the maximum of 2000 trades. Especially helpful when trying to tune a high frequency strategy, or when comparing the efficacy of a strategy on candlesticks with different time periods (this is why I did not use max bars back).

Cheers!
Open-source script

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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