The backtester can run setups between various defined dates
The signals is complete with alerts for notifications and automation
This is an invite only script, for a free 14 day trial send me a message on telegram @EbbNFlo
The benefit of this combination is the advantage of using Heikin Ashi candles for smoothing which reduces overtrading while being able to use the normal candle backtester which gives accurate results.
If you are interested in a trial run of the SwingBot, send me a message.
It provides signals to LONG and SHORT trades, and indicates favorable positions for a stop loss and profit taking
The SwingBot can be used on any chart and on any time frame
Using the backtester script the user can look at a chart's history between selected dates to find optimal bot settings and optimal time frames
The backtester is based on general percentages for profit taking as indicated below:
-------------T1 T2 T3 T4 T5 T6 CLOSE
1 Target: 50% 50%
2 Targets: 50% 25% 25%
3 Targets: 40% 30% 20% 10%
4 Targets: 40% 25% 20% 10% 5%
5 Targets: 35% 25% 20% 10% 5% 5%
6 Targets: 30% 25% 20% 10% 5% 5% 5%
ie: If 2 targets are selected:
- 50% of investment will be taken at target 1
- 25% of investment will be taken at target 2
- and the remainder 25% will be taken when the trade is closed on a close signal
However, it is up to the user's own risk appetite to determine where and how much profit to take
Note that the backtester does not have any on screen indicators other than OPEN and CLOSE, however profit taking can be indicated by ticking the Style -> Trades on Chart tick box on the settings userform
The signals script can be used for automation and can indicate up to 6 potential Profit Targets, as well as a Stop Loss based on how many bars back needs to be taken into consideration
The signals (LONG/SHORT) can be automated using TradingView alerts, however the Stop Loss and Profit Taking are only indicators and are for the users own interpretation
The user does not have to place a Stop Loss or take profit at the Targets if so wished, the bot can be used to simply long on a LONG signal and short on a SHORT, however, the backtester will indicate that it is far more profitable to take profits.
It is advised to take profits just below indicated Targets as these are potentially high selling zones and price action can sometimes turn down just short of these targets.
This is an invite-only script, so if you would like to try out Kairos Bot, send me a message