kyer

Easy Loot Trailing Stop Bot - (PSAR) Strategy

Hello World,

Today I am bringing you a Parabolic Stop and Reverse Strategy that uses a 5% trailing stop loss.

Tested the strategy on the 1D timeframe of Bitcoin from the time period starting from 2018 onwards.

As you may know the price in the start of 2018 for Bitcoin was around $11,000 meaning if you bought and HODL'd since then you'd be down a good %, as current price is $8650.

Below is the strategy testing results, up 844% profits in the last two years.

Easy Loot Members Only, contact me if you'd like access to the strategy.

Parabolic Stop and Reverse (PSAR) Strategy

Parabolic SAR is a time and price technical analysis tool primarily used to identify points of potential stops and reverses. In fact, the SAR in Parabolic SAR stands for "Stop and Reverse". The indicator's calculations create a parabola which is located below price during a Bullish Trend and above Price during a Bearish Trend.

Trailing Stop Loss

A trailing stop-loss order is a special type of trade order where the stop-loss price is not set at a single, absolute dollar amount, but instead is set at a certain percentage or a certain dollar amount below the market price.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact kyer for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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?

Warning: please read before requesting access.