I11L OIL Bot
The System makes use of the Bolinger Bands strategy from TradingView and implements simple Money Management Rules like SL and TP.
You can adjust the following Parameters:
Leverage: Leverage.
Risk Capital per Trade: The amount you are willing to lose per Trade, keep in mind that changes in Leverage should follow changes in Risk Capital.
TP_Factor: Default is 2:1 Risk:Reward, you might want to adjust this according to the underlying market.
InvertBuyLogic: Inverts the Logic of the System, important for checking if you have a true performance advantage from using the System. I look for a flat looking Curve in the wrong mode.
LookbackDistance: The distance your standart Deviation is refering to. A Lookback Distance too big might result in very few signals.
DevMult: We only want outliers, so we multiply our standart Deviation Bands by a Factor.
You can adjust the following Parameters:
Leverage: Leverage.
Risk Capital per Trade: The amount you are willing to lose per Trade, keep in mind that changes in Leverage should follow changes in Risk Capital.
TP_Factor: Default is 2:1 Risk:Reward, you might want to adjust this according to the underlying market.
InvertBuyLogic: Inverts the Logic of the System, important for checking if you have a true performance advantage from using the System. I look for a flat looking Curve in the wrong mode.
LookbackDistance: The distance your standart Deviation is refering to. A Lookback Distance too big might result in very few signals.
DevMult: We only want outliers, so we multiply our standart Deviation Bands by a Factor.
Versionsinformation:
Implemented the TP properly.
made it clearer what the "Invert Logic" means.
Enhanced the system communication with color coding in the upper and lower Bollinger band.
Adjusted the TP slightly upwards.
Its now possible to adjust the forced Trading halt after a trade has been resvoled.
made it clearer what the "Invert Logic" means.
Enhanced the system communication with color coding in the upper and lower Bollinger band.
Adjusted the TP slightly upwards.
Its now possible to adjust the forced Trading halt after a trade has been resvoled.
Versionsinformation:
Fixed a wrong default Parameter Setting (whoops)