The core idea of this grid tool is that you have to concentrate less on the trade entries (this happens automatically time-independent but price-dependant) but rather on the validity of the macro trend. Exiting a trend when it is no longer valid is more important than entering a trade. But as long as the trend is valid, the trader participates exponentially in the overall trend.
It is advisable to start with a basic position and then "set up" the grid on this in a ratio of 1/10.
A major advantage of grid trading is that the average entry price in a trend moves further and further away from the current market price while the position continues to grow.
A small timeframe should be used so that the distance between the trades corresponds as closely as possible to the selected grid gap and since TV backtests are carried out with closed bars.
Before starting a grid, pre-analysis the market to make sure it is trending. Select the grid gap and grid position size that you are comfortable with. Monitor the trend and from time to time take some profit :).
PS: The ADX filter looks interesting.
It is advisable to start with a basic position and then "set up" the grid on this in a ratio of 1/10.
A major advantage of grid trading is that the average entry price in a trend moves further and further away from the current market price while the position continues to grow.
A small timeframe should be used so that the distance between the trades corresponds as closely as possible to the selected grid gap and since TV backtests are carried out with closed bars.
Before starting a grid, pre-analysis the market to make sure it is trending. Select the grid gap and grid position size that you are comfortable with. Monitor the trend and from time to time take some profit :).
PS: The ADX filter looks interesting.
Catatan Rilis:
Selectable timeframes for exit filters added.
Catatan Rilis:
Take Average-Entry Profit added. I think the option of automatic profit-taking makes sense.
Catatan Rilis:
Screenshot issue.
Catatan Rilis:
Additional time frames for exit filters added.
Two fractals trend lines as entry-filter and exit-filter added.
Two fractals trend lines as entry-filter and exit-filter added.
Catatan Rilis:
Entry filter timeframes added.
Catatan Rilis:
Tooltips added and minor changes.
Catatan Rilis:
Minor changes.
Catatan Rilis:
Sorry... take profit is now working with shorts correctly. I'm too much long focused at Bitcoin :) .
Catatan Rilis:
Minor changes.
Catatan Rilis:
Changed/adapted the strategy parameters.
Catatan Rilis:
Automatic increase in position size for each trade (Martingale) added. In my opinion, Martingale is too risky to trade. But it's part of trading...
Catatan Rilis:
Stop loss based on average-entry price added.
Catatan Rilis:
First position size factor added.
Catatan Rilis:
Local top/bottom added as start price for stop loss grid (position reduction starts earlier).
Catatan Rilis:
Pin bar entry signal added.
Automatic increase in position size revised.
Automatic increase in position size revised.
Catatan Rilis:
Minor changes.
Catatan Rilis:
Screenshot issue.
Catatan Rilis:
Strategy comments revised.
Catatan Rilis:
"Bug" fixed.
Catatan Rilis:
Tooltips revised.
Catatan Rilis:
"Top/Bottom sensitivity" added.
Catatan Rilis:
"First position" bug fixed.
Minor improvements.
Minor improvements.
Catatan Rilis:
Script revised and some new features/improvements added.
Catatan Rilis:
Removed "Backtest (...)".
Catatan Rilis:
Repainting option added.
Catatan Rilis:
Strategy entry id bug fixed.
Catatan Rilis:
Script converted to Pine v5.
"Quantity" for exit filters added.
"Quantity" for exit filters added.
Catatan Rilis:
Info panel for unrealized profit/loss added.
Bug fixes.
New filters added (ema1 x ema2, macd slope, hma).
Bug fixes.
New filters added (ema1 x ema2, macd slope, hma).
Catatan Rilis:
Filter and exits revised.
Trade direction "both" added.
Trade direction "both" added.
Catatan Rilis:
Strategy border levels added.
Repainting revised.
Live trading parameters for Alertatron and Bybit added (I am not an affiliate of them. I am just using their services).
Repainting revised.
Live trading parameters for Alertatron and Bybit added (I am not an affiliate of them. I am just using their services).
Catatan Rilis:
"Strategy trigger and border levels" bug fix.
Catatan Rilis:
Panel revised.
Catatan Rilis:
Script revised (filters, exits, live trading comments).
Catatan Rilis:
Exit bug fixed.
Catatan Rilis:
"Remain idle after crossing border level" added.
Bollinger Bands added.
Scalping mode is unfinished.
Bollinger Bands added.
Scalping mode is unfinished.
Catatan Rilis:
Minor corrections.
Catatan Rilis:
Minor changes. pubished to get help with mutable variable.
Catatan Rilis:
Bollinger Bands filter revised.
Button "Close All When Border Level Is Crossed." added.
Button "Close All When Border Level Is Crossed." added.
Catatan Rilis:
Live trading bug fixed / conditions revised.
TP and SL counter added.
Break even added.
TP and SL counter added.
Break even added.
Catatan Rilis:
Border level logic revised (read tooltips for more info).
Catatan Rilis:
Border level logic revised.
Catatan Rilis:
"Border level close" revised.
Catatan Rilis:
Code revised/updated.
Inputs rearranged.
Trigger and border lines revised.
Inputs rearranged.
Trigger and border lines revised.
Catatan Rilis:
Inputs rearranged for a better usability.
"Instant Grid" added.
"Instantly On Current Bar Close" option for 1st Entry added.
Trigger and border lines are bar high/low sensitive now.
In backtesting, everything seems to be working as it should. Everything is also implemented for live trading but I haven't tested it live yet.
"Instant Grid" added.
"Instantly On Current Bar Close" option for 1st Entry added.
Trigger and border lines are bar high/low sensitive now.
In backtesting, everything seems to be working as it should. Everything is also implemented for live trading but I haven't tested it live yet.
Catatan Rilis:
Close Partly On Break Even added.
Catatan Rilis:
Break even on live trading bug fixed.
Catatan Rilis:
Minor changes.
Catatan Rilis:
"Close & Stop" added.
Catatan Rilis:
Screen shot issue.
Catatan Rilis:
Live trading bug fixed.
Catatan Rilis:
Live trading bugs fixed. "Auto increase in position size" bug on live trading is still pending.
Catatan Rilis:
"Min Lot Size" for repetitive break even on backtesting added.
Break even bug fixed.
Break even bug fixed.
Catatan Rilis:
Made break even "Min Lot size" available for live trading.
Catatan Rilis:
Short entry bug fixed.
Catatan Rilis:
Added scalper mode (only for backtesting). This still needs to be worked out, but hopefully conveys the idea I was trying to implement. I'm not following the development any further as it doesn't make sense with the current state of Tradingview's 'Strategy Tester'. Further development would only make sense with a 'strategy tester' similar to that of MT4/MT5.
The example doesn't use the scalping mode. All parameters are default but Trade direction = short, trend start = 2022-08-10, Break even = "Partly close" enabled, Stop loss count = enabled
The example doesn't use the scalping mode. All parameters are default but Trade direction = short, trend start = 2022-08-10, Break even = "Partly close" enabled, Stop loss count = enabled