INVITE-ONLY SCRIPT
Simple and Sinister Scalp Bot
Updated
This is a dollar cost averaging bot with additional buy algo to ensure you are buying support levels on the time period of your chart.
Signals Generated Based On
It buys when there is a signal to buy and requires that the price is below your cost basis.
The bot is smart enough to track number of open signals and cost basis.
It features a safety shut off feature based on simple moving averages. This prevents you from opening new trades during market declines. The options are
This does not generate a signal to sell based on an algorithm. This generates a sell signal based on your cost basis and open entries. It will not generate a sell signal unless it hit your target profit. The script will continue to DCA down until you are out of the hole. You can configure the Take Profit from the options menu.
The script generates labels in realtime and calculates current position profit and what your profit would have been if you used the bot from the start of the year with the settings set as they are in the options menu.
Authors Notes:
This was designed to work for both stocks and crypto.
Best time period to use it on varies depending on the ticker. Because it displays how much profit would be made in realtime, please adjust the settings/chart period and see what settings work best for that stock/crpto symbol. Please note that past performance does not dictate future results.
Signals Generated Based On
- RSI
- Volume
- Cost Basis
- Simple Moving Averages
It buys when there is a signal to buy and requires that the price is below your cost basis.
The bot is smart enough to track number of open signals and cost basis.
It features a safety shut off feature based on simple moving averages. This prevents you from opening new trades during market declines. The options are
- No Filter
- Safe
- Safer
- Safest
This does not generate a signal to sell based on an algorithm. This generates a sell signal based on your cost basis and open entries. It will not generate a sell signal unless it hit your target profit. The script will continue to DCA down until you are out of the hole. You can configure the Take Profit from the options menu.
The script generates labels in realtime and calculates current position profit and what your profit would have been if you used the bot from the start of the year with the settings set as they are in the options menu.
Authors Notes:
This was designed to work for both stocks and crypto.
Best time period to use it on varies depending on the ticker. Because it displays how much profit would be made in realtime, please adjust the settings/chart period and see what settings work best for that stock/crpto symbol. Please note that past performance does not dictate future results.
Release Notes
Added tradesToDate Statistic.Release Notes
HUGE UPDATE!The bad
I have removed the Trend Filter, I found it to be inconsistent and unreliable for filtering bad trades.
The good
I have coded a Trailing Stop. The script will now exit based on a trailing stop with a minimum take profit target as a floor. Trailing stop will not initialize until after the minimum profit floor has been breached.
This will prevent it from selling a winning position too early. This is not your ordinary trailing stop loss. It calculates in real-time a new trailing stop based on your max gain.
Release Notes
Minor update to the options to fix a graphical bug.Release Notes
Updated P/L Calculation to reflect open positions.Added plotbar() to make it look crisper than default bars. Disable default bars for best results.
Release Notes
Adjusted the options. Added the ability to adjust start date.Release Notes
Fixed a bug with minProfit/minTakeProfitRelease Notes
Added a smarter algo to trailing stop that overrides user settings in overbought conditions.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 StuBuzzzini 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
″For trial, please submit request here.
https://sbmasterchart.com/14-day-free-trial/
Want to use this script on a chart?
Warning: please read before requesting access.
Disclaimer
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