Simple and Sinister Scalp Bot
This is a dollar cost averaging bot with additional buy algo to ensure you are buying support levels on the time period of your chart.
Signals Generated Based On
It buys when there is a signal to buy and requires that the price is below your cost basis.
The bot is smart enough to track number of open signals and cost basis.
It features a safety shut off feature based on simple moving averages. This prevents you from opening new trades during market declines. The options are
This does not generate a signal to sell based on an algorithm. This generates a sell signal based on your cost basis and open entries. It will not generate a sell signal unless it hit your target profit. The script will continue to DCA down until you are out of the hole. You can configure the Take Profit from the options menu.
The script generates labels in realtime and calculates current position profit and what your profit would have been if you used the bot from the start of the year with the settings set as they are in the options menu.
Authors Notes:
This was designed to work for both stocks and crypto.
Best time period to use it on varies depending on the ticker. Because it displays how much profit would be made in realtime, please adjust the settings/chart period and see what settings work best for that stock/crpto symbol. Please note that past performance does not dictate future results.
Signals Generated Based On
- RSI
- Volume
- Cost Basis
- Simple Moving Averages
It buys when there is a signal to buy and requires that the price is below your cost basis.
The bot is smart enough to track number of open signals and cost basis.
It features a safety shut off feature based on simple moving averages. This prevents you from opening new trades during market declines. The options are
- No Filter
- Safe
- Safer
- Safest
This does not generate a signal to sell based on an algorithm. This generates a sell signal based on your cost basis and open entries. It will not generate a sell signal unless it hit your target profit. The script will continue to DCA down until you are out of the hole. You can configure the Take Profit from the options menu.
The script generates labels in realtime and calculates current position profit and what your profit would have been if you used the bot from the start of the year with the settings set as they are in the options menu.
Authors Notes:
This was designed to work for both stocks and crypto.
Best time period to use it on varies depending on the ticker. Because it displays how much profit would be made in realtime, please adjust the settings/chart period and see what settings work best for that stock/crpto symbol. Please note that past performance does not dictate future results.
版本注释:
Added tradesToDate Statistic.
版本注释:
HUGE UPDATE!
The bad
I have removed the Trend Filter, I found it to be inconsistent and unreliable for filtering bad trades.
The good
I have coded a Trailing Stop. The script will now exit based on a trailing stop with a minimum take profit target as a floor. Trailing stop will not initialize until after the minimum profit floor has been breached.
This will prevent it from selling a winning position too early. This is not your ordinary trailing stop loss. It calculates in real-time a new trailing stop based on your max gain.
The bad
I have removed the Trend Filter, I found it to be inconsistent and unreliable for filtering bad trades.
The good
I have coded a Trailing Stop. The script will now exit based on a trailing stop with a minimum take profit target as a floor. Trailing stop will not initialize until after the minimum profit floor has been breached.
This will prevent it from selling a winning position too early. This is not your ordinary trailing stop loss. It calculates in real-time a new trailing stop based on your max gain.
版本注释:
Minor update to the options to fix a graphical bug.
版本注释:
Updated P/L Calculation to reflect open positions.
Added plotbar() to make it look crisper than default bars. Disable default bars for best results.
Added plotbar() to make it look crisper than default bars. Disable default bars for best results.
版本注释:
Adjusted the options. Added the ability to adjust start date.
版本注释:
Fixed a bug with minProfit/minTakeProfit
版本注释:
Added a smarter algo to trailing stop that overrides user settings in overbought conditions.
Disclaimer: I am not a financial advisor. Do not take anything on here, twitter or stocktwits as financial advice, ever. Do your own research. Consult a professional investment advisor before making any investment decisions!