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 strategy, 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 strategy, 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’.
The Strategy now has a toggle input, which makes the position sizing be calculated automatically based on the amount of maximum allowed entries per trade. If enabled, then it divides your equity so that every entry has an equal size and if the maximum amount of allowed entries is reached, then all of your equity will be allocated. If the automatic position sizing is turned off, then you can set the position size from the Properties. Make sure your total position size (Maximum allowed entries multiplied by entry size) does not exceed your total equity.
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.
The Strategy now features the option to toggle ‘Range trading’. This will be useful if the security you are trading tends to generate a trending market. This will make the Strategy to enter another trade if the current price closes back below the average price of the last trade.
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’.
The Strategy now has a toggle input, which makes the position sizing be calculated automatically based on the amount of maximum allowed entries per trade. If enabled, then it divides your equity so that every entry has an equal size and if the maximum amount of allowed entries is reached, then all of your equity will be allocated. If the automatic position sizing is turned off, then you can set the position size from the Properties. Make sure your total position size (Maximum allowed entries multiplied by entry size) does not exceed your total equity.
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.
The Strategy now features the option to toggle ‘Range trading’. This will be useful if the security you are trading tends to generate a trending market. This will make the Strategy to enter another trade if the current price closes back below the average price of the last trade.
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 info panel that displays the top 5 performing templates. For each template, net profit, percent profitable and number of total trades is displayed. This means that it is now even easier to find suitable setups when looking through your watchlist.
The net profit that is displayed in the info panel is an approximate value, as there are slight differences between internal calculations and the calculations made by TradingView that are displayed in the Strategy Tester. All net profit values are calculated using compound interest growth.
For the percent profitable calculations in the info panel, every entry is not counted separately, but rather entries that belong to one trade are counted as one. This means that if a trade has multiple entries, then it is still considered to be one trade, as they all belong to the same one and are exited on the same condition. If the first entries of a trade are higher than the exit price, but the average price of the same trade is still below the exit price, then that trade is counted to be profitable.
The amount of total trades is also calculated the same way. Not all entries are counted separately, but rather the amount of trades is counted. A trade can have multiple entries and still be considered as one trade.
The net profit that is displayed in the info panel is an approximate value, as there are slight differences between internal calculations and the calculations made by TradingView that are displayed in the Strategy Tester. All net profit values are calculated using compound interest growth.
For the percent profitable calculations in the info panel, every entry is not counted separately, but rather entries that belong to one trade are counted as one. This means that if a trade has multiple entries, then it is still considered to be one trade, as they all belong to the same one and are exited on the same condition. If the first entries of a trade are higher than the exit price, but the average price of the same trade is still below the exit price, then that trade is counted to be profitable.
The amount of total trades is also calculated the same way. Not all entries are counted separately, but rather the amount of trades is counted. A trade can have multiple entries and still be considered as one trade.
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 in info tabel
Phát hành các Ghi chú:
Changed UI input order.
Changed minor things in entry/exit calculations in order to optimise the code.
Added strategy entry and exit messages which allow you to automate the script using the strategy.
v2.3.1
Changed minor things in entry/exit calculations in order to optimise the code.
Added strategy entry and exit messages which allow you to automate the script using the strategy.
v2.3.1
Phát hành các Ghi chú:
Removed manual settings
v2.3.2
v2.3.2
Phát hành các Ghi chú:
Added webhook compatibility.
v2.3.3
v2.3.3
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.
Updated the looks and functioning of info panel. The info panel can now also show net profit percentages without compound interest. This can be seen when "Simulate compound interest growth" is turned off. The amount of trades is no longer displayed in the info panel.
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.
Updated the looks and functioning of info panel. The info panel can now also show net profit percentages without compound interest. This can be seen when "Simulate compound interest growth" is turned off. The amount of trades is no longer displayed in the info panel.
Phát hành các Ghi chú:
v2.5
- Updated "Higher sensitivity in uptrends" functionality.
- Updated "Higher sensitivity in uptrends" functionality.
Phát hành các Ghi chú:
v2.5.1
- Increased the number of displayed templates in the info panel to 7
Added the option for advanced info panel, which also shows...
- weekly average for the backtesting period
- profit over the last 30 days
- indication of the templates low drawdown relative to the net profit
- WizeDec Index, is displayed as "High", "Medium" or "Low". This indicates how consistent the template was in generating profit
- Increased the number of displayed templates in the info panel to 7
Added the option for advanced info panel, which also shows...
- weekly average for the backtesting period
- profit over the last 30 days
- indication of the templates low drawdown relative to the net profit
- WizeDec Index, is displayed as "High", "Medium" or "Low". This indicates how consistent the template was in generating profit
Phát hành các Ghi chú:
v2.6
- Added the option to have three templates selected for your setup
- Added another option for range trades, called "Aggressive range". This will take range trades with less restrictions and thus results in more trades being taken. This is effective in upward markets.
- Added the option to have three templates selected for your setup
- Added another option for range trades, called "Aggressive range". This will take range trades with less restrictions and thus results in more trades being taken. This is effective in upward markets.
Phát hành các Ghi chú:
Bug fixes
v2.6.1
v2.6.1
Phát hành các Ghi chú:
v2.7
- Considering the ever-changing market conditions, some templates got reworked. These revised templates were 2, 3, 5, 7, 8, 11, 16.
- In order to get make sure you can make the most of WizeDec, we've added another info panel option, called "Advanced+". In this, all the same information is shown, but for up to 15 templates.
- Considering the ever-changing market conditions, some templates got reworked. These revised templates were 2, 3, 5, 7, 8, 11, 16.
- In order to get make sure you can make the most of WizeDec, we've added another info panel option, called "Advanced+". In this, all the same information is shown, but for up to 15 templates.
Phát hành các Ghi chú:
v2.7.1
- Reduced memory usage
- Reduced memory usage
Phát hành các Ghi chú:
v2.7.2
- Updated alerts. In order to generate alerts, you must now choose "alert() function calls only" as the condition when setting alerts.
- Updated alerts. In order to generate alerts, you must now choose "alert() function calls only" as the condition when setting alerts.
Phát hành các Ghi chú:
v2.7.3
- Changes to memory usage
- Changes to memory usage
Phát hành các Ghi chú:
v2.8
Added another set of templates, called “Risk-based templates”. Previously used templates can now be found under “Legacy templates”. Templates 16, 17, 18 have been removed from “Legacy templates”
“Risk based” templates are ordered in such a way that the higher the template number is, the higher the risk that comes with that particular template. A lower risk template will result in less trades, but will make those trades that are found and taken, safer.
Removed position size controls from the inputs. Entry size is now controlled in the WizeDec Webhook, which now also supports Binance US as an exchange.
Added another set of templates, called “Risk-based templates”. Previously used templates can now be found under “Legacy templates”. Templates 16, 17, 18 have been removed from “Legacy templates”
“Risk based” templates are ordered in such a way that the higher the template number is, the higher the risk that comes with that particular template. A lower risk template will result in less trades, but will make those trades that are found and taken, safer.
Removed position size controls from the inputs. Entry size is now controlled in the WizeDec Webhook, which now also supports Binance US as an exchange.
Phát hành các Ghi chú:
v.2.8.1
Bug fixes
Bug fixes
Phát hành các Ghi chú:
v2.8.2
Added a new option for the info panel - "Monthly". This shows monthly profits with the currently active settings.
Added a new option for the info panel - "Monthly". This shows monthly profits with the currently active settings.
Phát hành các Ghi chú:
(v3)
- Added a new input “1.5x position multiplier”. This modifies the position size calculations so that every next entry is allocated 1.5 times as much as the previous entry. With this, lower entries get more capital, allowing the average price to stay closer to the lowest entry.
- Replaced take profit and re-entry controls with the input “Risk level” that controls both these values together using template selection. Similar to the regular template selection, this input controls the take profit and the minimum distance between entries. The higher this input value is, the riskier the risk management system is.
- Adjusted the way the capital allocation input functions. Now you can enter the total amount that you want to allocate for any given ticker and the script will automatically calculate the position size that it should forward to the automation service.
- You can now choose to sort the info panel by either the net profit or the percent
profitable values.
- Added a new input “1.5x position multiplier”. This modifies the position size calculations so that every next entry is allocated 1.5 times as much as the previous entry. With this, lower entries get more capital, allowing the average price to stay closer to the lowest entry.
- Replaced take profit and re-entry controls with the input “Risk level” that controls both these values together using template selection. Similar to the regular template selection, this input controls the take profit and the minimum distance between entries. The higher this input value is, the riskier the risk management system is.
- Adjusted the way the capital allocation input functions. Now you can enter the total amount that you want to allocate for any given ticker and the script will automatically calculate the position size that it should forward to the automation service.
- You can now choose to sort the info panel by either the net profit or the percent
profitable values.
Phát hành các Ghi chú:
Bug fix
v3.1
v3.1
Phát hành các Ghi chú:
In addition to the "Risk level" input, you can now set the Take Profit and Re-Entry percentage manually as well.
v3.2
v3.2
Phát hành các Ghi chú:
Changed Risk Level parameters (v3.3)