OPEN-SOURCE SCRIPT
Actualizado I11L OIL Bot
The System makes use of the Bolinger Bands strategy from TradingView and implements simple Money Management Rules like SL and TP.
You can adjust the following Parameters:
Leverage: Leverage.
Risk Capital per Trade: The amount you are willing to lose per Trade, keep in mind that changes in Leverage should follow changes in Risk Capital.
TP_Factor: Default is 2:1 Risk:Reward, you might want to adjust this according to the underlying market.
InvertBuyLogic: Inverts the Logic of the System, important for checking if you have a true performance advantage from using the System. I look for a flat looking Curve in the wrong mode.
LookbackDistance: The distance your standart Deviation is refering to. A Lookback Distance too big might result in very few signals.
DevMult: We only want outliers, so we multiply our standart Deviation Bands by a Factor.
You can adjust the following Parameters:
Leverage: Leverage.
Risk Capital per Trade: The amount you are willing to lose per Trade, keep in mind that changes in Leverage should follow changes in Risk Capital.
TP_Factor: Default is 2:1 Risk:Reward, you might want to adjust this according to the underlying market.
InvertBuyLogic: Inverts the Logic of the System, important for checking if you have a true performance advantage from using the System. I look for a flat looking Curve in the wrong mode.
LookbackDistance: The distance your standart Deviation is refering to. A Lookback Distance too big might result in very few signals.
DevMult: We only want outliers, so we multiply our standart Deviation Bands by a Factor.
Notas de prensa
Implemented the TP properly.made it clearer what the "Invert Logic" means.
Enhanced the system communication with color coding in the upper and lower Bollinger band.
Adjusted the TP slightly upwards.
Its now possible to adjust the forced Trading halt after a trade has been resvoled.
Notas de prensa
Fixed a wrong default Parameter Setting (whoops)Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
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.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
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.