INVITE-ONLY SCRIPT
BKN: Thick Cut
Updated
Thick Cut is the juiciest BKN yet. This indicator is created to take a profitable trading strategy and turn it into an automated system. We've built in several pieces that professional traders use every day and turned it into an algo that produces on timeframes as low as 1, 3, and 5 minutes!
Limit Order Entries: When criteria is met, an alert is signaled that will send a value to enter a position at a limit price.
Built in Stop Loss: A stop is built in and the value can be sent to your bot using the {{plot}} function or you can rely on a TradingView alert when the stop is hit.
Built in Take Profits: We've built in two separate take profits and the ability to move your stop loss to breakeven after the first take profit is hit. Even if you take 50% profit at 1R and move your stop loss, you already have a profitable trade. Test results show 50% profits at 2R and the remainder at higher returns result in exceptional results.
Position Sizing: We've built in a position size based on your own predetermined risk. Want to risk $100 per trade? Great, put in 100 in the inputs and reference a quantity of {{plot("Position Size")}} in your alert to send a position size to the bot. You can also reference {{plot("Partial Close")}} to pull 50% of the position size closing 50% at TP1 and 50% at TP2.
Backtest results shown are very short term since we are viewing a 15m chart. This can be a profitable strategy on many timeframes, but lower timeframes will maximize results.
A unique script with incredible results. Further forward testing is live.
***IMPORTANT***
For access, please do not comment below. Comments here will not be replied to. Please send a DM here or on my linked Twitter . At this time, this strategy is considered a Beta release as we continue to fine tune settings and more. Expecting 2 weeks of beta with official release around June 6.
Limit Order Entries: When criteria is met, an alert is signaled that will send a value to enter a position at a limit price.
Built in Stop Loss: A stop is built in and the value can be sent to your bot using the {{plot}} function or you can rely on a TradingView alert when the stop is hit.
Built in Take Profits: We've built in two separate take profits and the ability to move your stop loss to breakeven after the first take profit is hit. Even if you take 50% profit at 1R and move your stop loss, you already have a profitable trade. Test results show 50% profits at 2R and the remainder at higher returns result in exceptional results.
Position Sizing: We've built in a position size based on your own predetermined risk. Want to risk $100 per trade? Great, put in 100 in the inputs and reference a quantity of {{plot("Position Size")}} in your alert to send a position size to the bot. You can also reference {{plot("Partial Close")}} to pull 50% of the position size closing 50% at TP1 and 50% at TP2.
Backtest results shown are very short term since we are viewing a 15m chart. This can be a profitable strategy on many timeframes, but lower timeframes will maximize results.
A unique script with incredible results. Further forward testing is live.
***IMPORTANT***
For access, please do not comment below. Comments here will not be replied to. Please send a DM here or on my linked Twitter . At this time, this strategy is considered a Beta release as we continue to fine tune settings and more. Expecting 2 weeks of beta with official release around June 6.
Release Notes
Only update is to correct bot syntax in alerts. Syntax was missing a }Release Notes
Updated to correct bot syntax in alerts again. size should have been amount.Release Notes
Minor updates including bot syntax on Short and Long Opened and adding a label that displays settings to help you manage multiple bots. Also will not deliver invalid short/long on the same bar as long/short entry alerts.Release Notes
Updated to include version number, correct bot syntax, ensure bot and indicator are on the same page for open positions. Release Notes
Adding a parenthesis to the long and short coming syntaxRelease Notes
V17 includes corrections to bot syntax as well as adding 'tiny' option on the trade window.Release Notes
Correcting an error that prevents the script from working properly when you turn off one entry type, IE, when you set it to longs or shorts only.Release Notes
Another update to correct issue when using 'tiny' window periodRelease Notes
Updates to correct entry triggers, add an adjustment to stop loss, general house cleaning.Release Notes
Changing short coming alert syntaxRelease Notes
Minor Adjustments: Made adjustments to alert syntax, made adjustment to limit orders to ensure price stays with the candle during an alert even if the price is crossed, made adjustment to step on stop loss buffer.
Release Notes
Addresses issue with Partial Position and Partial Close plots. Sends a close alert when take profit 2 is hit in case the orders did not get placed.Release Notes
Version 30 includes updates to bot syntax to include () correctly, allows for step on take profits of 0.25, and allows you to view a plotted shape of an invalidated entry.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 ThePuma 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.
Author's instructions
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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.