BOLLedOver

Stop Loss % STOPs will be placed and ratchet up following stops with each 1% increase in price action.

Bollinger Bands Time Period indicates 7 candles. BOLLedOver runs best at 15 minutes periods. Try your own setting with plenty of backtesting.

Buy ROC Length number of candles averaged for positive rate of change, which gives the go ahead to act on a BUY signal. When markets are heading south the BOT goes to sleep. You might get a STOP LOSS haircut (default 3%, 2 to 1 chance if you are in a position), but no trade chattering in whipsaw downward spirals after that.

Sell ROC Length number of candles averaged for a negative rate of change, which gives the go ahead to act on a SELL signal. Note: the tighter the Bollinger Bands (e.g. 5) the less likely a SELL will process before a STOP LOSS is reached making this parameter useless in those cases.

MACD – the moving average convergence/divergence is used to check the validity of BUY and SELL signals

• MACD Fast Period
  
• MACD Slow Period
  
• MACD Signal Smoothing
  

Average Volume Length used to assert that SELL signals are accompanied by meaning full volume.

Versionsinformation:

This script logic will be available on cryptotrader.org/?r=2649 as a rentable BOT. You will need API keys for automated trading.