BlockParty Labs: 👾 AutoTrader - Signal Generator 👾
Ever have a crazy idea for a strategy across multiple indicators, but have no way to test it out or implement it?
AutoTrader is built for people like you: tinkering in your lab, spotting opportunities, exploiting trading-edges that escape other market participants, all in realtime!
This builds upon indicators and events that you may have already explored in our "Indicator Lab". These two scripts are complementary, you can add both scripts to the same chart for more flexibility. This is mainly because the "Indicator Lab" can be adjusted quicker as it is not doing all the heavy-lifting needed by AutoTrader. Please be patient with load-times.
AutoTrader works as follows:
Step 1: Decide on pre-conditions: that you want to enter trades (long or short). This could be anything from one Moving Average needs to be above another, or the RSI needs to be below some threshold, or close price is above the open price (green candle). This sets the stage for things that absolutely must be true before you are willing to trade in this direction.
Step 2: Decide on events that constitute an entry: (given your pre-conditions specified in Step 1 above). You can group these events (as is the default) where ANY condition can fire for the entry, or you can ungroup these so that each must fire independently together to strengthen an entry signal. Depending on your logic, you can also delay events or hold them for a number of bars.
Step 3: Review your signals for bad trades and look for ways to block them: You can do this by adding blocking signals, whereby you will see the signals change colour if they are blocked.
Step 4: Clarify your trading session: Maybe your signals only work on the weekends, or on weekdays, or maybe you want to exclude Mondays... All this is possible by adjusting the trading session and you will see these periods blacked-out to indicate no signals will be generated at all during these periods.
Step 5: Refine your strategy through Asset and Timeframe selection: Does your strategy work better on a different asset? What about different timeframes? How about 30 minutes, 3 hours, 12 hours, 17 hours, etc.? Note that some strategies simply do not work on certain asset/timeframe combinations, and even working strategies can fail over time. So make sure to continually test and review for optimum performance.
Step 6: Populate your Alert Messages: for automated trade-entry. From the examples below in the GUI inputs, copy the alert message-style which is relevant for you. For example, if you intend to send signals to a 3commas DCA bot, then copy the example message and change it to your custom bot ID and email token. Note that the Long entry message is independent of the Short entry message, because you could for example have different bot IDs to go in different directions.
Step 7: Setup/Create your Alert Messages: Remember to add the 3commas or Mizar webhooks if you are automating your trades. Make sure you test your syntax is working with a practice alert and then review the logs on your trading platform.
Due to the power of AutoTrader, the number of options can feel overwhelming, but it's really quite straight-forward once you get your head around it! Speak to other members of the community who are having success for tips and exchange profitable strategies between each other.
Synergies happen when clever motivated people get together! There are literally millions of combinations to explore, so the limit is really only your collective intellects and imaginations!
Unleash your inner geek! 🤓
Happy trading!
(Note the default setup example for Longs is "MA2 is above MA3" and for Shorts it is the reverse ("MA2 is below MA3") - basically exploiting the relationship between fast and slow moving averages. This is coupled with a MACD crossover to generate Long and Short signals (green and red lines). This is not necessarily suggested as a working strategy, but just something to spark the imagination and start you thinking about what approach might work best for you. The mantra is "test, test, test" until you find a winner.
Release Notes
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Added/Updated:
Trends/Flips: Donchian Channel, Volatility Stop
Indicator: Blast Off
Default settings: Included MACD crossover as default for more intuitive understanding
Volume Spike: Increased sensitivity and extended to include all similar events past the first trigger
Fixed Bugs:
Blank event spacers did not clear the event selection. Now fixed.
Further code clean-up / optimisation
Release Notes
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Performance improvements - by reducing pre-conditions & events for long, short & blocking to only 3 options instead of 4, has given a 20%-30% performance boost by reducing iterative calculation time from the various permutations GUI cleanup - tooltips, alignment, colours, etc. Added MA2 & MA3 as displayed on chart by default
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Minor GUI adjustment for iPhone app display. Added barstate.isconfirmed for indicator events to prevent false signals on the current realtime bar. Indicator events will now only show for completed bars. Updated signalling to distinguish blocking trades when hooked into a strategy tester
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Alert & webhook optimisations
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Features Added MA Type: Zero-Lag EMA Added MA Type: Zero-Lag Least-Squares MA Added Trend Type: Chandelier Exit
GUI Added ability to customise length, factor & source for Trends
Bugfix General Performance Optimisations
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Simplified Entry Signal selection for RoboStrat 🦾
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Moved Moving Average crossovers/crossunders from pre-conditions to events
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Added MFI Added CCI Added Bollinger Bands as Channels Added Stochastic indicator as well as Stochastic Cross event Fixed a bug with blocking