INTRODUCING the long-waited WizeDec 2.0!
Our best strategy and indicator for trading crypto altcoins.
WHAT IS WIZEDEC 2.0?
The new version is even simpler to use and provides amazing results for nearly all crypto alt-coins on lower timeframes (1m, 3m , 5m, 15m – or even 30m). Why just alt-coins? This is because this strategy is built to work on volatile markets, where the price fluctuates by amounts that are above-average.
HOW DOES IT WORK?
Unfortunately we cannot disclose all of the underlying logic of how this script generates its signals and how exactly it works. However, what we can say is that this script doesn’t rely on just one or two combined indicators, but rather it relies on several base indicators and custom functions to detect possible reversals in the price and then looks for confirmations of these reversals based on past price action patterns. This script includes a combination of settings, which work together to make sure that this script is successfully applicable to the majority of volatile crypto markets.
INSTRUCTIONS ON HOW TO USE
WizeDec 2.0 only features three main inputs which allow you to adjust the strategy to best meet the market conditions of the coin and timeframe of your choice. Additionally, there is an option for position sizing method and options for percentage based stop-loss and take profit.
1) ‘Sensitivity’ – this allows you, the user, to adjust the sensitivity of the strategy. Generally, if the value is lower, then the script is more susceptible to small fluctuations in the price. A higher value will make the script more inert and keep it from taking trades too easily, thus resulting in a smaller number of trades
2) ‘Safety of trades’ – with this input, you can choose how risky trades do you want to take. A lower value will result in trades with higher risk, but brings a higher number of trades. A higher value will have the script wait longer for better entry conditions to arise.
3) ‘Depth of trades’ – similarly to the previous input, a higher value of this input will make the script wait for a lower bottom to enter and thus resulting in lower risk trades. A lower value will grant more trades, but will bring along a higher risk factor.
4) ‘Position sizing method’ – this input has two possible options. Either ‘100%’ or ‘50% + 50%’. If you set this input to ‘100%’, then your initial entry will be 100% of your available equity and you will have just one entry per trade. By selecting ‘50% + 50%’, you will limit the initial entry size to 50% of your available equity, but will also make way for a re-entry of 50% of your equity at an ever lower low. With ‘50% + 50%’, a second entry might not come, but there would generally be more safety in trades.
5) ‘Take profit (%)’ – this input allows you to set a percentage based take profit. The take profit value will be calculated from the first entry price (even if you have two entries with ‘50% + 50%’ position sizing) and will be compared with the current closing price.
6) ‘Stop-loss (%)’ – similarly, but opposite of the previous input, this input allows you to set a percentage based stop-loss. An important note with the calculation of stop-loss is that if you have ‘100%’ position sizing selected, the stop-loss value will be calculated by the initial entry price and the stop-loss will be active from the moment the trade starts. However, if you have ‘50% + 50%’ selected as your position sizing method, the stop-loss will not be active until the second entry that trade. This also means that when you have ‘50% + 50%’ position sizing selected, the stop-loss calculation price will be taken from the second entry price.
For more information and instructions on how to get access to this indicator, feel free to leave a comment below or send me a direct message.
Our best strategy and indicator for trading crypto altcoins.
WHAT IS WIZEDEC 2.0?
The new version is even simpler to use and provides amazing results for nearly all crypto alt-coins on lower timeframes (1m, 3m , 5m, 15m – or even 30m). Why just alt-coins? This is because this strategy is built to work on volatile markets, where the price fluctuates by amounts that are above-average.
HOW DOES IT WORK?
Unfortunately we cannot disclose all of the underlying logic of how this script generates its signals and how exactly it works. However, what we can say is that this script doesn’t rely on just one or two combined indicators, but rather it relies on several base indicators and custom functions to detect possible reversals in the price and then looks for confirmations of these reversals based on past price action patterns. This script includes a combination of settings, which work together to make sure that this script is successfully applicable to the majority of volatile crypto markets.
INSTRUCTIONS ON HOW TO USE
WizeDec 2.0 only features three main inputs which allow you to adjust the strategy to best meet the market conditions of the coin and timeframe of your choice. Additionally, there is an option for position sizing method and options for percentage based stop-loss and take profit.
1) ‘Sensitivity’ – this allows you, the user, to adjust the sensitivity of the strategy. Generally, if the value is lower, then the script is more susceptible to small fluctuations in the price. A higher value will make the script more inert and keep it from taking trades too easily, thus resulting in a smaller number of trades
2) ‘Safety of trades’ – with this input, you can choose how risky trades do you want to take. A lower value will result in trades with higher risk, but brings a higher number of trades. A higher value will have the script wait longer for better entry conditions to arise.
3) ‘Depth of trades’ – similarly to the previous input, a higher value of this input will make the script wait for a lower bottom to enter and thus resulting in lower risk trades. A lower value will grant more trades, but will bring along a higher risk factor.
4) ‘Position sizing method’ – this input has two possible options. Either ‘100%’ or ‘50% + 50%’. If you set this input to ‘100%’, then your initial entry will be 100% of your available equity and you will have just one entry per trade. By selecting ‘50% + 50%’, you will limit the initial entry size to 50% of your available equity, but will also make way for a re-entry of 50% of your equity at an ever lower low. With ‘50% + 50%’, a second entry might not come, but there would generally be more safety in trades.
5) ‘Take profit (%)’ – this input allows you to set a percentage based take profit. The take profit value will be calculated from the first entry price (even if you have two entries with ‘50% + 50%’ position sizing) and will be compared with the current closing price.
6) ‘Stop-loss (%)’ – similarly, but opposite of the previous input, this input allows you to set a percentage based stop-loss. An important note with the calculation of stop-loss is that if you have ‘100%’ position sizing selected, the stop-loss value will be calculated by the initial entry price and the stop-loss will be active from the moment the trade starts. However, if you have ‘50% + 50%’ selected as your position sizing method, the stop-loss will not be active until the second entry that trade. This also means that when you have ‘50% + 50%’ position sizing selected, the stop-loss calculation price will be taken from the second entry price.
For more information and instructions on how to get access to this indicator, feel free to leave a comment below or send me a direct message.
Phát hành các Ghi chú:
Changed the way the ‘Sensitivity’ input value affects the signal generation. A higher value will now generate more signals and a lower value will generate less signals.
Changed the input ‘Position sizing method’ to allow you to have up to 10 entries per trade. The input is now called ‘Maximum number of entries per trade’.
Stop-loss is activated if you have reached your maximum amount of allowed entries. The stop-loss value will be calculated from the last entry price.
If you want to automate the signals from this Indicator, then you can use the ‘{{plot("positionPercent")}}’ to retrieve the position size automatically from the indicator to use in the alert message.
Changed the input ‘Position sizing method’ to allow you to have up to 10 entries per trade. The input is now called ‘Maximum number of entries per trade’.
Stop-loss is activated if you have reached your maximum amount of allowed entries. The stop-loss value will be calculated from the last entry price.
If you want to automate the signals from this Indicator, then you can use the ‘{{plot("positionPercent")}}’ to retrieve the position size automatically from the indicator to use in the alert message.
Phát hành các Ghi chú:
Bug fix
Phát hành các Ghi chú:
Bug fix
Phát hành các Ghi chú:
To help people get started with WizeDec, we have now included 15 setting templates, each of which can be used in a variety of market conditions. This means that it’s now even easier to find settings to suit your preferences.
Settings can still be set by hand if “Manual settings” is selected from the configuration input.
Settings can still be set by hand if “Manual settings” is selected from the configuration input.
Phát hành các Ghi chú:
Added an option to generate more signals in sideways and uptrend markets. This input is called “Higher sensitivity in uptrends”.
Bug fixes.
Bug fixes.
Phát hành các Ghi chú:
Bug fix
Phát hành các Ghi chú:
Bub fix in manual settings
Phát hành các Ghi chú:
Changed UI input order.
Changed minor things in entry/exit calculations in order to optimise the code.
v2.3.1
Changed minor things in entry/exit calculations in order to optimise the code.
v2.3.1
Phát hành các Ghi chú:
Removed manual settings
v2.3.2
v2.3.2
Phát hành các Ghi chú:
v2.4
Added three additional templates. There are now 18 templates for you to choose the best one for you!
Improved the functioning of the uptrend filter and with it, increased the amount of profitable trades even more.
Added three additional templates. There are now 18 templates for you to choose the best one for you!
Improved the functioning of the uptrend filter and with it, increased the amount of profitable trades even more.
Phát hành các Ghi chú:
v2.5
- Updated "Higher sensitivity in uptrends" functionality.
- Updated "Higher sensitivity in uptrends" functionality.