OPEN-SOURCE SCRIPT
Starting Template
This script sets defaults that I like to start with:
Also included are setting a minimum desired gain (change gain_protection to 0 if you want to sell regardless of your gain), and buying only if it will reduce your average bought price (change avg_protection to 0 to turn this feature off).
This strategy only takes long positions since Gunbot does not make short positions.
We also start the backtesting at a specific time, to avoid going over the maximum of 2000 trades. Especially helpful when trying to tune a high frequency strategy, or when comparing the efficacy of a strategy on candlesticks with different time periods (this is why I did not use max bars back).
Cheers!
- Trade commission set to 0.25%
- Allow multiple buys before sells
- Fixed trade size
Also included are setting a minimum desired gain (change gain_protection to 0 if you want to sell regardless of your gain), and buying only if it will reduce your average bought price (change avg_protection to 0 to turn this feature off).
This strategy only takes long positions since Gunbot does not make short positions.
We also start the backtesting at a specific time, to avoid going over the maximum of 2000 trades. Especially helpful when trying to tune a high frequency strategy, or when comparing the efficacy of a strategy on candlesticks with different time periods (this is why I did not use max bars back).
Cheers!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.