This strategy uses grid levels determined by pivot points based on the selected time period. It's useful for swing trading without leverage, spot trading or for Hold management. If the price goes down we buy and if it continues to go down we keep buying improving the average price. When the price rises above the average entry price, we sell and if it continues to rise, we continue to sell. It works for any pair as long as Buys and Sells quantities are adjusted correctly.
In these times of great economic change, good luck to everyone 🍀
Thanks a lot guys ... The idea of this script I think is quite good but it can always be improved ... To transform it into alerts you need to add something like this, apart from deleting some things:
@XaviZ, great stuff man... I've been trying your script right now. Im a noob, can you please add a start and end backtest period. This is because it will always start in January 2019. I would want to test out in certain months to know the results.
kampfer87
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@XaviZ, could you please explain what else you are deleting? simply adding this to the code does not work.
AaronPriest
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Very intriguing! Can this be converted to a study with alerts?
Che_Trader
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Excelent work, as allways!
MattFrederick
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Excellent Analysis And very well explained..interesting things
And same for Sells.
Why so many alerts? Well, with this script more than one alert can appear per bar and you can only have one alert per bar.