This Grid bot strategy creates buy signals when the price goes down one level or more, and sell signals when the price goes up one level or more. To avoid useless trades, the lastest traded level is disabled until another level is crossed.
To create the grid, one upper level and one lower level is calculated. Those 2 levels are either given by the user using "MANUAL" mode or automatically calculated by an AI. The space between these two levels are then divided equally into several steps, creating the grid.
The number of steps is chosen by the user, from 3 to 100.
You will be prompted to pick a start date for your strategy. Click on a candle to pick a date. You can change that later.
Then, the indicator will ask for a upper price for the grid, and finally a lower price.
Those are the minimum required settings to create a grid. Click apply to generate the strategy.
The Strategy Direction can be LONG or SHORT.
The Grid Calculation can be either "MANUAL" or "AI". I recommend to use the manual mode first.
Select the Grid Quantity, from 3 to 100. More grid steps will mean less profit per trade, but more trades. Less grid steps will mean more profit per trade but a lesser amount of trades.
The Order Type corresponds to the backtest order type and also corresponds to your bot order type when you will automate it. You can choose between LIMIT or MARKET orders.
With trailing up, you do not have to worry about an upper limit. Choose a lower limit to start with and a percentage of price for your grid steps. New steps will be created automatically as price moves up.
Trade safe with the take profit feature. Stop the bot once your desired percentage profit is reached.
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 % or the Buy & Hold comparator.
The indicator is using the newest alert system:
1. Write your alert messages in the indicator settings (alert section at the bottom)
2. Click "Create Alert" as usual, but choose "alert() function calls only"
3. Give you alert a name
Private Discord Server: https://discord.gg/AwZVFDh
1. Purchase the indicators or 7-Day Trial
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. I do not use the security function which I know is currently bugged and causes repainting issues. 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 within 14-days and you will be fully refunded.
Email me at any time to cancel your subscription.
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.