An indicator to create and backtest automated strategies with the goal to accumulate bags and never sell in loss.
The strategy has pyramiding enabled, which means it can open several deals in a row.
It will keep buying until the Take Profit target is reached.
The indicator plots the Take Profit and Break Even line which are recalculated at each new deal.
The target corresponds to the average entry price plus a configurable percentage.
Choose a pair that you want to hold/invest in.
Pick a chart time frame that you like, according to how often you want the strategy to place orders. A benefit of this strategy is that it can work on low time frames as well as high time frames. Just keep in mind that the smaller the time frame, the bigger the impact of fees and slippage will be on the strategy results.
Configure your entry condition. You can combine several technical indicators to trigger an entry, such as Top & Bottom, Higher Lows and RSI divergences.
Filter your entry signal
Add filters to strengthen your entry signal.
Configure your profit target
Use the Take Profit feature to set a target in percentage of price. You can make it trail.
There also is a Trailing Stop Loss feature but the goal of the strategy is to never sell in loss, so it is turned off by default.
Check your backtest parameters
Make sure that the initial capital and order size make sense. Since it is a pyramiding strategy, the sum of all deals should not be bigger than the initial capital.
In this example: Initial capital is 10 k, max active deals is 10, so the max order size is 1 k.
If you use % equity as order size, please note that it will create compounding.
Check the fees, by default they are set to 0.1%.
I also recommend to set a slippage.
You can backtest using the Strategy Tester which will give you a quick overview of the strategy results over the given period of time.
There is also a backtest panel built in the indicator that gives more detailed information such as the daily %.
You can automate the strategy using the BlockchainFiesta Binance API included in your subscription.
To do so, create a bot for each strategy.
Set the default quantity of the bot. That will be your order size.
More info about the API
To set your alert messages, open the indicator settings.
The buy alert message will look like this: {"bot_id":"1234567890123","order":"BUY"}
The sell alert message will sell all. So we pass the "qty" parameter using 100%: {"bot_id":"1234567890123","order":"SELL","qty":"100%"}
Note: replace the bot_id by your own bot_id.
Create your alert like this.
Make sure "Any alert() function call" is set, and if you are using the Binance API, copy-paste this link into the webhook url: https://blockchainfiesta.com/tradingview_signal/listener.php
Private Discord Server: https://discord.gg/RVwBkpnQzm
1. Create a subscription. There is a 7 day free trial included.
2. Create your account here and I will grant your account access within 24 hours!
Once I grant you access, you will receive a notification.
Then, to access the Cyatophilum indicators, simply click on 'Indicators' at the top of a live chart,
Finally, click on “Invite-Only Scripts”. There you will see the Cyatophilum indicators.
Click on an indicator to activate it. Start trading!
When I create an alert, how do I choose between "Once per bar" and "Once per bar close" ?
A "Once per bar" alert will trigger on the first tick of the bar which alert condition is true. A "Once ber bar close" alert will only trigger at bar close if the alert condition is still true at bar close.
Use "Once per bar" for manual trading. The alert will trigger sooner but is not as strong as if we waited bar close. Profits and risks are increased.
Use "Once per bar close" for automated trading. Unlike "Once per bar", a "Once per bar close" alert of the same type (buy or sell) cannot trigger more than once in a row. Thus it is suited for a trading bot which send buy and sell orders to a broker. Also those alerts correspond to the backtest results given buy the backtest version given with each indicator.
Should I expect repainting issues with any of the Cyatophilum Indicators ?
I code my indicators in such a way that each candle is calculated from previous candles data only. Alerts are hosted on TradingView servers.
Can I use the Cyatophilum Indicators on other markets than cryptocurrency ?
Yes, all of my indicators work on most of TradingView's markets. You can trade Forex, Indexes, stocks, futures and CFD. Do not hesitate to join me on my Discord Server and I will help you configure the indicators for your favorite asset.
If you are not satisfied the Cyatophilum Indicators , email me at contact@blockchainfiesta.com within 14-days and you will be fully refunded.
Email me at contact@blockchainfiesta.com any time to cancel your subscription, or simply cancel it from your BlockchainFiesta account.
All investing involves risk, do not invest more than you are willing to lose. Past results may not be indicative of future results. By purchasing this indicator, you are not garanteed to make profit.