SwingBot_V1_Signals

Here is the signals bot of SwingBot V1

This is an invite only script, for a free 14 day trial send me a message on telegram @EbbNFlo

Note di rilascio:

This new and improved version of SwingBot enables the user to use Heikin Ashi Candles for smoothing while trading on a normal candles chart.

The benefit of this combination is the advantage of using Heikin Ashi candles for smoothing which reduces overtrading while being able to use the normal candle backtester which gives accurate results.

If you are interested in a trial run of the SwingBot, send me a message.

Happy trading

Note di rilascio:

SwingBot looks for the pivot points in support and resistance to open a margin position

It provides signals to LONG and SHORT trades, and indicates favorable positions for a stop loss and profit taking

The SwingBot can be used on any chart and on any time frame

---BACKTESTER---

Using the backtester script the user can look at a chart's history between selected dates to find optimal bot settings and optimal time frames

The backtester is based on general percentages for profit taking as indicated below:

-------------T1 T2 T3 T4 T5 T6 CLOSE
1 Target: 50% 50%
2 Targets: 50% 25% 25%
3 Targets: 40% 30% 20% 10%
4 Targets: 40% 25% 20% 10% 5%
5 Targets: 35% 25% 20% 10% 5% 5%
6 Targets: 30% 25% 20% 10% 5% 5% 5%

ie: If 2 targets are selected:
- 50% of investment will be taken at target 1
- 25% of investment will be taken at target 2
- and the remainder 25% will be taken when the trade is closed on a close signal

However, it is up to the user's own risk appetite to determine where and how much profit to take

Note that the backtester does not have any on screen indicators other than OPEN and CLOSE, however profit taking can be indicated by ticking the Style -> Trades on Chart tick box on the settings userform

---SIGNALS---

The signals script can be used for automation and can indicate up to 6 potential Profit Targets, as well as a Stop Loss based on how many bars back needs to be taken into consideration

The signals (LONG/SHORT) can be automated using TradingView alerts, however the Stop Loss and Profit Taking are only indicators and are for the users own interpretation

The user does not have to place a Stop Loss or take profit at the Targets if so wished, the bot can be used to simply long on a LONG signal and short on a SHORT, however, the backtester will indicate that it is far more profitable to take profits.

It is advised to take profits just below indicated Targets as these are potentially high selling zones and price action can sometimes turn down just short of these targets.

---INVITE-ONLY SCRIPT---

This is an invite-only script, so if you would like to try out Kairos Bot, send me a message

Note di rilascio:

Made some improvements to the backtesting results