INVITE-ONLY SCRIPT
Updated Jackrabbit.SavingsAccount
This is the Jackrabbit Savings Account. This script is designed to mimick a standard savings account and generate small amounts of profit of a daily basis. This script implements a form of dollar cost averageing (DCA) that uses a price deviation methodology.
Its primary principle is based upon my "failsafe" blueprint, which is tailored to people with little or no experience in cryptocurrencies.
This algorithm is NOT designed to win every trade, only profit from the average.
The blue line is the current average price of the asset.
The red line is the deviation boundary. Price action must be below this line for buys to be signaled.
The green line is the take profit. Price action must be above this line for a sell signal to be generated.
There are only two settings:
Take Profit, which describes the average profit percent of the combined positions, and
Deviation, which describes the percent boundary for which price action must drop before additional assets are purchased.
It is important that when you establish your sell signal, ALL positions must be sold to ensure the average profit. If required, use a CLOSE ALL message provided by your platform. Also, any platform specific DCA or Safety Orders will cause losses as this script can not track their value. It is recommended that these features not be used.
This is a standalone module and not compatible with other Jackrabbit modulus components.
This script is by invitation only. To learn more about accessing this script, please see my signature or send me a PM. Thank you.
Its primary principle is based upon my "failsafe" blueprint, which is tailored to people with little or no experience in cryptocurrencies.
This algorithm is NOT designed to win every trade, only profit from the average.
The blue line is the current average price of the asset.
The red line is the deviation boundary. Price action must be below this line for buys to be signaled.
The green line is the take profit. Price action must be above this line for a sell signal to be generated.
There are only two settings:
Take Profit, which describes the average profit percent of the combined positions, and
Deviation, which describes the percent boundary for which price action must drop before additional assets are purchased.
It is important that when you establish your sell signal, ALL positions must be sold to ensure the average profit. If required, use a CLOSE ALL message provided by your platform. Also, any platform specific DCA or Safety Orders will cause losses as this script can not track their value. It is recommended that these features not be used.
This is a standalone module and not compatible with other Jackrabbit modulus components.
This script is by invitation only. To learn more about accessing this script, please see my signature or send me a PM. Thank you.
Release Notes
Averaging algorithm completely redesigned. Its now better equiped to handle partial orders/unusual market conditions. Significantly more aggressive. Be to to test in a paper bot before applying real money.Release Notes
Added a stepping algorith that matches the budget friendliness of the original, but still compensates for partial orders and unusual market conditions.Release Notes
Added a defensive layer to the algorithm for fast moving markets. Release Notes
Fixed graphics alignment in relation to calculations.Release Notes
Added price action variance, in percentage,from average price.Release Notes
Added "Sideways Breaker" algorithm. This new algorithm can break a sideways trend by forcing a buy every X days. Operates only ONCE in the specified number of days. Minimum is 1 day.Release Notes
Added an emergency exit point. The exit point is expressed in the number of buys. So if you put 21, it would exit at what would be the 21st purchase.Release Notes
Minor bug found and fixed in calculating last average from the last sell.Release Notes
Added signal line for linkage to the analyzer.Release Notes
Algorithm tuning.Price method now tracks last buy price ance requires next buy price to be lower than the last. This always ensures price action is dropping during accumulation.
Step method now tracks deviation as a fixed position from the initial price. This ensures that the deviation is always absolute and is more defensive with regards to the budget.
Release Notes
Reverted step method due to unpredictable side effects of breaking sideways breaker and causing unstable steps.Release Notes
Step method is now absolute step based upon the initial purchase without breaking the sideways breakers. 1% deviation will exhaust the entire volume ofan asset in 100 steps.Release Notes
Bug fixed in Price method. Positions are only purchased if they are below the previous price. Price action must always be dropping for accumulation.Release Notes
This is a complete and full rebuild of the Savings Account module. Live or historic data can be used.
The Step and Price methodologies have been rebuilt.
Shorting added. Use with extreme care.
Added Fuzzy Deviation.
Added advanced diagnostics.
Release Notes
Aggressively simplified and returned to the basics.Release Notes
Updated to better fit forex trading. Now allows a deviation and take profit of 0.1% (roughly 10 pips).Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact RobertD7723 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
This script is a part of my larger framework. Pleawse PM me or visit the link in my signature for information on access. Thank you.
Warning: please read our guide for invite-only scripts before requesting access.
Join my Patreon for exclusive access to Jackrabbit TV,
patreon.com/RD3277
patreon.com/RD3277
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact RobertD7723 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
This script is a part of my larger framework. Pleawse PM me or visit the link in my signature for information on access. Thank you.
Warning: please read our guide for invite-only scripts before requesting access.
Join my Patreon for exclusive access to Jackrabbit TV,
patreon.com/RD3277
patreon.com/RD3277
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.