#Bot2Fast (v2.x) (AT)

7 thg 2, 2024

This is a trend following strategy.
It does not trade often because it has to wait for a trend to confirm up or down. This has the benefit of not getting faked into a trade or out of a trade.
If you want to see more trades, simply use the date picker and increase the time range used for the backtest.
Also, please test this strategy on multiple assets before considering using it with real money!
A trend following strategy is strong when it can work on many assets without any changes needed.

This strategy goes Long only.

When does it buy?
This strategy has 2 buying logics:

1. (B1) When the trend turns up (color changes from any color to green)
   
2. (B2) When the trend continues trending up and the strategy wants to get back into a trade. This is called the "buy-back logic". A "buy-back" is indicated with a green icon on top of the candle.
   

When does it sell?
This strategy has 3 selling logics:

1. (S1) When the trend turns down (custom trend analysis logic)
   
2. (S2) When the trend turns down (when color changes to grey or red)
   
3. (S3) When it is in a buy-back trade, it closes when the price re-enters the green range (because buy-backs are riskier so the strategy has to exit earlier to avoid losses)
   

Date picker
This strategy has a date picker so you can choose the range you want to backtest.
This way you can backtest different time ranges you like.
Or you can use the "Deep Backtesting" feature from TradingView. In that case, set the Start Date to year 1980 (or earlier) and the End Date to year 3000 (or later) to not limit the date at all and let Deep Backtesting do it instead.

When to use this strategy?
Best for trending assets (e.g. crypto).
Not suited on timeframes lower than 1D.
Not suited for high frequency or scalping.

Strategy properties
This strategy is set to use 100% of the capital to show how compounding effects affect the long term results of the strategy. In real trading you'd do position sizing in your portfolio and put only the funds you want to risk on that one asset.

Don't look at absolute numbers when you check strategy numbers because that depends on your Initial Capital, instead look at the relative values (% and ratios) to determine the strategies risk vs. reward.

20 thg 3, 2024

Phát hành các Ghi chú

Just changed the name of the strategy so we can better distinguish the two versions of his strategy. This is the "fast" moving one.

20 thg 3, 2024

Phát hành các Ghi chú

Added parentheses to the name, to have the same exact name everywhere.

10 thg 6, 2024

Phát hành các Ghi chú

Upgraded the script to PineScript v5.
Trading logic is unchanged.

12 thg 6, 2024

Phát hành các Ghi chú

Improved how the buy-back signal is shown.
Same trading logic as before.

7 thg 9, 2024

Phát hành các Ghi chú

Updated the chart to show latest performance numbers.

13 thg 10, 2024

Phát hành các Ghi chú

Added the Equity Line to the strategy.

16 thg 6

Phát hành các Ghi chú

Updated title.