Introduction: Are you a fan of automated grid-based trading and holding onto your crypto assets like they're the last Snickers bar in the world? If so, this Pine script could be your new best friend!
Grid Trading Genius: The script uses some seriously advanced grid trading techniques to automatically place orders at different price levels, creating a mesh of positions that move with the market like a well-oiled machine. This strategy can be great for traders who are willing to sit back and let their positions grow like a fine wine over time.
Optimization Features: The script comes loaded with all sorts of features and tools to help traders optimize their grid positions, like position exits and custom alerts for creating limit and market orders. This helps keep traders in the loop and allows them to take action as needed, like a ninja in the night.
Unique Twists: One of the unique features of this script is the option to choose between normal or incremental entry steps in a 1,2,3,... ratio. By choosing incremental entries, traders can potentially improve their average price and increase their potential profits like a boss. Just keep in mind that this script doesn't have a stop loss feature, but it does include the option to sell without profit on the final entry or on all entries if desired. Additionally, the script is always open to improvement and any ideas for improving it are welcome, like a blank canvas.
Conclusion: If you love automated trading and have the patience and determination to stick to a solid strategy, this Pine script could be a great fit for you. It's suitable for traders who are comfortable with more complex trading approaches and are willing to put in the time and effort to learn and master the script's various features and techniques, like a Jedi Knight
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Floating fixed
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Significant upgrade to our trading strategy script that transforms it into an even more powerful tool for both crypto enthusiasts and traditional traders.
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Fixed a small bug that stopped buying when the script had sold everything in downtrend
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Fixed some minor errors in the script that did not allow the first entry to be made correctly.
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Important update! We've fixed the balance calculation in the script. It's now accurate and reliable. While all scripts are valuable, this one, in particular, is my "Mona Lisa".
It can also be used with metals. Here an example with gold in the last 33 years.
mw8vsf4sd2
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Dear Assassin's Grid Hello, I am your fan. I have been using your Super 8 - 30M BTC strategy to do quantitative trading, and I have also received very good performance. I have been studying this grid strategy for a while, and I still haven’t figured out some of it, so I would like to ask for advice. Question 1. Whether you choose spot or contract trading in this strategy, can you only do long and not short? 2. If question 1 is true, then you will definitely suffer losses in a bear market. 3. What do you think is the biggest trading risk of this strategy? 4. Why not make a strategy that can be backtested? 5. What should you pay attention to if it is used on a small level? For example 15 minutes. Looking forward to your reply. These problems have really bothered me for a few days.
AssassinsGrid
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@mw8vsf4sd2, I appreciate your support and enthusiasm for the Super 8 - 30M BTC strategy! 🚀 Please be advised to use this script exclusively for spot trading – buying and selling without leverage, and solely for educational purposes. Spot trading minimizes risk in bear markets, but it's crucial to be aware of market fluctuations affecting your spot positions. I personally programmed my own backtest for more control and accuracy, as I felt it was necessary beyond what TradingView provides for this strategy. I designed this strategy with a focus on long-term investments spanning years, best utilized on daily or 4H timeframes.
RRSKLS
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It looks great indeed, what is missing is an explanation of what do the parameters mean and do. Without that it is too hard to grasp how to use it
RRSKLS
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@RRSKLS, An bseides, The symbols and colors need another explanation. Without that it is almost impossible to use
ViZiV
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Hi there! How your having a good day! Just curious, What exactly does the small purple/yellow diamond signify? Do they mean different things when printed above price / below price or does it signify something that happens on both sides of the market but its just telling me a certain characteristic just happened? Could you also give a quick description on the different coloured diamonds? (The ones that interact with the structure) Because there are different coloured ones for different market conditions. I just don't know exactly what they signify. For example: when a blue diamond turns green. Sorry if I sound confusing :) If you could clarify that for me I would appreciate it deeply :) Thank you for taking the time to read this!
ViZiV
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Also I saw in the comments below about the alerts. Do I need to download a Google Chrome extension to make use of the alerts? Is this mandatory for alerts to function? If so, what's the name of the extension?
Gnafor
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Hello! This is a really nice written script, I like it, compliment. I tried to insert inputs for alert messages, but failed. I know just ways with alertcondition. Could you give me a tip, how I can do that? Thanks