This is an adapted version of my swing bot with additional filters that mean it works quite well on lower timeframes like 1min, 5 mins as long as you adjust the setting accordingly (reduce pivot timescale, band width)
Entry conditions are filtered by an invisible trend calculation running in the background so the bot doesn't repeatedly try and fail to fade a strong trend. It has just about everything you should need for basic use, stop losses and targets, automatically close trade at pivot.
I get good results on rangey instruments like major indices such as SPX / ES that kind of thing. Make sure you understand the minmum tick value of an index so the stop setting on the bot work properly
Hi bob... i want to try this in bitcoin or ethereum. in Bitmex. what is your opinion?
And please guide me how to implement it in bitmex
codenameCookie
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This looks good. May work this into my own strategy that I'm working on.
If I may ask. What Performance Summary stats would you expect to see from back-testing before using real money?
Does it have problems with repainting? If not its an amazing strategy with amazing results, got a lot of setting with almost no drawdown and lots of profit
rajeshy05
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hello
can you please guide me the best parameter settings for making it run on a time frame of 1 min.
BobVanders
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@rajeshy05, Hi please understand there are no 'best' settings that will always work. You need to tailor them to each timeframe and instrument to see optimal performance, and performance will change as market conditions change. On a 1 min timeframe on the backtester here that's not going to give you a lot of data on which to backtest and so you will effectively have to curve fit the bot to recent market conditions by trial and error with the settings. Curve fitting has it's own problems (mainly that you have no guarantee that the conditions on which you tuned the bot will stay the same in future) but it is the best we can do in tradingview. There are a lot of setting but the first two are the most sensible to experiment with. Here are some setting that backtest quite well over the last 100 trades on the 1 min timeframe of the cfd market spx500 imgur.com
Please note I am using an updated version of the bot to achieve those results. The updated version uses is Pine v4 and also is far better suited to lower timeframes due top how it calculates the bands. You can find that version here:tradingview.com/script/VFP0jNuJ-Strategy-Bobo-PAPATR/
DenoTrade
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@BobVanders, hi, where i can find this script with the new pine version 4? Thank you in advance :)
And please guide me how to implement it in bitmex