This is essentially a script that I made for myself before deciding it may be good enough for you all as well.
How it works basically is this... you have 18 oscillators which can all be used as independently as you wish. That means there are 20 groups which they can be split amongst as you choose. When in separate groups they should not be able to sell eachothers positions without triggering a stop loss. Every single oscillator has its own position sizing and exit sizing which can be stated as either a percent of balance or a flat amount of contracts. Each oscillator has a minimum amount of profit you can tell it to sell it, which is calculated from the average cost of your current position, which does include all groups. This works out to help you average out better entry and exit prices, essentially a method of DCAing. You can set the minimum sale amount, which is to keep it from placing orders below your exchanges minimum dollar trade cost.
The included oscillators are as follows: Chande Momentum cross Moving Average Cross MACD cross %B Bollinger cross Stochastic cross + region filter Stochastic RSI cross + region filter SMII cross and region Three RMIs Standard RSI LSMA-smoothed RSI Know Sure Thing RSI of KST Coppock Curve RSI of Curve PPO RSI of PPO Trix RSI of Trix
So the idea is that this is essentially multiple strategies combined into one backtestable house. Balance is calculated for all position sizes in order to try to prevent false entries that plague so many scripts (IE, you set pyramiding to 2, each buy $1000, initial balance $1000, and yet it buys two orders off the bat for $2000 total and nets 400% profit because the second was considered free)/ You tune each side and position size them so that they work together as well as you can and in doing so you are able to create a single backtest that is capable of running a bot, essentially, between multiple strategies - you can run a slower Moving Average cross, a faster SMI cross or MACD, or Bollinger that grabs big moves only, all the while having MACD trade small bonuses along the way. This way you can weight the Risk to Reward of each against eachother.
I will not try to claim this is something you can open and with no work have the best bot on the planet. This scripts intention is to take a lot of relatively common trading strategies and combine them under on roof with some risk management and the ability to weigh each against eachother. If you are looking for a super advanced singular algorithm that tries to capture every peak and valley exactly on the dot, this is not for you. If you are looking for a tool with a high level of customizability, with a publisher who intends to update it to the best of his ability in accordance to seeking to make the best product that I personally can make for both myself and the community (because I will be using this myself of course!) that was specifically designed with the intention of performing well in spot markets by averaging low entry costs and high exit costs, this is for you! That is the exact intention here. I do not trade margin currently, I trade spot. I am sure this script can be tuned to work on margin but this is not my intention or area so if this is you and there is something you need for margin specifically implemented, ask, because I likely don't know what you need yet.
The current backtest shown is hand-optimized by myself for BTC/USD 1hr market with NO stop loss enabled and all sales weighed to be around 0% minimum profit from the total average entry cost. I chose to run it myself with no stop losses because Bitcoin is so bullish to me. The stop losses can still be very profitable, but not 1495% net profit. This style of automation is not for everyone as when running with no stop loss and the requirement every sale is somewhat profitable, or at least no very noticeable loss, you wind up relying on yourself to manually stop out if things crash too much and the bot has to stop trading to wait for market to go back up. The thing to do here if you are playing without a stop loss is to have your own alerts set at your fear level, a % drop in a period of time or something like that, and when you reach that point I would consider resetting the bot so it continues to take trades. I personally will accept a temporary drop in USD as long as I can keep my BTC holdings up overall as the goal should always be to have as many BTC as possible by the start and end of the bull run.
Can it be tested? Or how about giving permission for a week? Try the effect, I'll buy it if it's good
LSH1982
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Please can I use the script
FatT1ger
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how it works in long term?
burgercrisis
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@FatT1ger, Should work fine especially if you fit it to your particular acceptable risk level based on whether or not you use margin and what kind of stop losses you need/want. It is a suite of several strategies in one script and each can be weighed in terms of how much of your balance it will use and how much each sale will be and how much minimal profit you will take to sell at and after what amount of drop you would want to exit the position, as well as whether that exit is for the full position or partial.
This script is also part of a package now, as I have finished a second version of this script (too big to merge though!) and have other ideas and implementations for the future :)
I expect that if I turn this script on at the next accumulation phase I will beat the bull run by three to four times based on the backtests and live tests
abbc1312345
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Can it be tested? Or how about giving permission for a week? Try the effect, I'll buy it if it's good
burgercrisis
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@abbc1312345, Yes I gave you two weeks to try two versions. I messaged you