Easy Loot Trailing Stop Bot - (PSAR) Strategy
Today I am bringing you a Parabolic Stop and Reverse Strategy that uses a 5% trailing stop loss.
Tested the strategy on the 1D timeframe of Bitcoin from the time period starting from 2018 onwards.
As you may know the price in the start of 2018 for Bitcoin was around $11,000 meaning if you bought and HODL'd since then you'd be down a good %, as current price is $8650.
Below is the strategy testing results, up 844% profits in the last two years.
Easy Loot Members Only, contact me if you'd like access to the strategy.
Parabolic Stop and Reverse (PSAR) Strategy
Parabolic SAR is a time and price technical analysis tool primarily used to identify points of potential stops and reverses. In fact, the SAR in Parabolic SAR stands for "Stop and Reverse". The indicator's calculations create a parabola which is located below price during a Bullish Trend and above Price during a Bearish Trend.
Trailing Stop Loss
A trailing stop-loss order is a special type of trade order where the stop-loss price is not set at a single, absolute dollar amount, but instead is set at a certain percentage or a certain dollar amount below the market price.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact kyer directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact kyer directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.