INVITE-ONLY SCRIPT
Jackrabbit.SavingsAccount
Updated
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
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact RobertD7723 for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free 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.
Want to use this script on a chart?
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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.