This is updated version of 60MIN bot,
I decided to make this bot for people who still using 10BOT,
This is much more profitable and reliable version
THIS IS SO IMPORTANT for users
As always, this bot is ONLY FOR
To make this result as true as possible, I decided to use as few indicators as possible
which translates into more positions, which means that the bot is quick to react to any change in trend
Unfortunately, as a result, the quality of opened positions has decreased quite strongly ( 79% profitable trades)
It also consists of a fairly high target point and basically a low stop-loss.
The bot uses the most efficient and most important indicators such as:
- Is one of the most powerful and accurate trend indicators. measures how strong a trend is, and can give valuable information on whether there is a potential trading opportunity.
CLOUD - This is one of the newset indicators I'm using. This indicator helps strategy , this indicator is designed to indicate the correct market trend. By applying the great length of this indicator, I am able to notice a change in the trend a little later, but more accurately.
RANGE FILTER - this indicator is for the better view of trends, define trends, that is important for every bull/bear traps which helps a lot becouse of the very variable trends.
FAST MA - like previous ones this is for better view of trends, and correctly define the trends, also Speed_MA are using for predict the future price action.
- Moving average convergence divergence ( ) is a trend-following that shows the relationship between two moving averages of a security’s price. The is calculated by subtracting the 26-period ( ) from the 12-period .
- is the most important indicator for the strategy, to avoid open trades on flat chart, new trades are open after a strong bars.
- value helps strategy to stop trade in right time. When is overbought strategy don't open new longs , also when is oversold strategy don't open new shorts
using these indicators, the bot opens about 75-80% of positions
in addition, I created two independent of the main condition of the possibility of opening a position such as:
REVERSALS (based of crossovers) - this option, can add more speed to make right decision, while trends are changin very fast.
- this function has also increased the possibilities of opening and closing new positions, it works in such a way that if the candle is closed outside the Bolinger bands, more positions are opened, I focused on this function in order to maintain a high percentage level as much as possible
To maintain the high quality of trades, both and Reversals are dependent on the most important indicators
I think that the results of this bot are the most correct, but let's not forget that backtesting is testing in the past, it is not known how the bot will behave in the future, however, the use of indicators that are not very optimized, can bring the result very close in the future
Good luck and enjoy ;)
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.