ParabolicValue

QaSH DCA Strategy

ParabolicValue Updated   
This is a backtesting script that demonstrates the power of incorporating dollar cost averaging into your trading strategies. Catch the bottom of those lightning fast dips buy placing your limit orders ahead of time.

Four entry conditions have been included:
- ASAP mode
- Quickfinger's Luc
- Bullish pivot point
- Bearish pivot point

An EMA-based entry condition filter is included

Placement of all DCA orders is adjustable, and "take profit" % is also variable and can depend on the size of the price dip.
Release Notes:
Added the ability to make short trades
2 independent EMAs are used to filter long and short entry conditions
Release Notes:
fixed the bounce % input for QFL entries
Release Notes:
changed data table format to match the QaSH DCA Daytrader script
Release Notes:
aesthetic update
Release Notes:
aligned with "daytrader" script
added "tick overshoot" input
specified that orders must be placed when the bar has closed.
Release Notes:
minor edits to align with daytrader script

Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?