The intelligent accumulator is a proof of concept strategy. A hybrid between a recurring buy and TA-based entries and exits.
Distribute the amount of equity and add to your position as long as the TA condition is valid.
Use the exit TA condition to define your exit strategy.
Decide between adding only into losing positions to average down or take a riskier approach by allowing to add into a winning position as well.
Take full profit or distribute your exit into multiple take profit exists of the same size.
You can also decide if you allow your exit conditions to close your position in a loss or require a minimum take profit %.
The strategy includes a default built-in TA conditions just for showcasing the idea but the final intent of this script is to delegate the TA entries and exists to external sources.
The internal conditions use RSI length 7 crossing below the BB with std 1 for entries and above for exits.
To control the number of orders use the properties from settings: - adjust the pyramiding - adjust the percentage of equity - make sure that pyramiding * % equity equals 100 to prevent over use of equity (unless using leverage)
The script is designed as an alternative to daily or weekly recurring buys but depending on the accuracy of your TA conditions it might prove profitable also in lower timeframes.
The reason the script is named Intelligent is because recurring buy is most commonly used without any decision making: buy no matter what with certain frequency. This strategy seeks to still perform recurring buys but filtering out some of the potential bad entries that can delay unnecessarily seeing the position in profits. The second reason is also securing an exit strategy from the beginning which no recurring buy option offers out-of-the-box.
Notas de prensa
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- Solved bug with add only in profit (now the option is in the reverse order "add only when in a loss") - Added time window for backtesting independently bear and bull markets. - Avg position price line now is hidden if there's no position currently open.
I'm tempted to test this using a signal bot directly. Let me know in the comments if you have already and if you experienced any issues.
Enjoy 🦜
Notas de prensa
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- Fixed bug: taking partial profits was never able to close the full position. Now when the left over is below the min tick we "force close" all the remaining position.
Thank you for sharing this! Is it possible to multiply each buy order, such as martingale style to average down quicker? Also, how can i plug in other indicators? It doesn't ask for a number to enter such as '1' for buy and '2' for exit. I tried with your QFL indicator and nothing happened.
interface-services
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I cannot select the trigger (once per bar close, only once, etc) anymore. The script used to work fine until yesterday and now the trigger section is missing from the form when I try to edit the alert. Additionally, the script started making many trades whenever the alert was triggered and tradingview has paused all my alerts with a “too many alerts” message.
gaabrielmattoso
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Hello everything is fine? Your script is amazing, and I appreciate you making it open source for us! I discovered your channel and your website and I loved your content. I have just one question: Is this script compatible with the Binance futures market, for example, through Webhook?