OPEN-SOURCE SCRIPT
Strategy - Bobo Intraday Swing Bot with filters
This is an adapted version of my swing bot with additional filters that mean it works quite well on lower timeframes like 1min, 5 mins as long as you adjust the setting accordingly (reduce pivot timescale, band width)
Entry conditions are filtered by an invisible trend calculation running in the background so the bot doesn't repeatedly try and fail to fade a strong trend. It has just about everything you should need for basic use, stop losses and targets, automatically close trade at pivot.
I get good results on rangey instruments like major indices such as SPX / ES that kind of thing. Make sure you understand the minmum tick value of an index so the stop setting on the bot work properly
Hope it's useful!
Entry conditions are filtered by an invisible trend calculation running in the background so the bot doesn't repeatedly try and fail to fade a strong trend. It has just about everything you should need for basic use, stop losses and targets, automatically close trade at pivot.
I get good results on rangey instruments like major indices such as SPX / ES that kind of thing. Make sure you understand the minmum tick value of an index so the stop setting on the bot work properly
Hope it's useful!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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