INVITE-ONLY SCRIPT

SwingBot_V1_Backtester

Updated

Swing Bot can be set up for any exchange and be tweaked for any timeframe

The backtester can run setups between various defined dates
The signals is complete with alerts for notifications and automation

This is an invite only script, for a free 14 day trial send me a message on telegram @EbbNFlo

Release Notes

This new and improved version of SwingBot enables the user to use Heikin Ashi Candles for smoothing while trading on a normal candles chart.

The benefit of this combination is the advantage of using Heikin Ashi candles for smoothing which reduces overtrading while being able to use the normal candle backtester which gives accurate results.

If you are interested in a trial run of the SwingBot, send me a message.

Happy trading

Release Notes

SwingBot looks for the pivot points in support and resistance to open a margin position

It provides signals to LONG and SHORT trades, and indicates favorable positions for a stop loss and profit taking

The SwingBot can be used on any chart and on any time frame

---BACKTESTER---

Using the backtester script the user can look at a chart's history between selected dates to find optimal bot settings and optimal time frames

The backtester is based on general percentages for profit taking as indicated below:

-------------T1 T2 T3 T4 T5 T6 CLOSE
1 Target: 50% 50%
2 Targets: 50% 25% 25%
3 Targets: 40% 30% 20% 10%
4 Targets: 40% 25% 20% 10% 5%
5 Targets: 35% 25% 20% 10% 5% 5%
6 Targets: 30% 25% 20% 10% 5% 5% 5%

ie: If 2 targets are selected:
- 50% of investment will be taken at target 1
- 25% of investment will be taken at target 2
- and the remainder 25% will be taken when the trade is closed on a close signal

However, it is up to the user's own risk appetite to determine where and how much profit to take

Note that the backtester does not have any on screen indicators other than OPEN and CLOSE, however profit taking can be indicated by ticking the Style -> Trades on Chart tick box on the settings userform

---SIGNALS---

The signals script can be used for automation and can indicate up to 6 potential Profit Targets, as well as a Stop Loss based on how many bars back needs to be taken into consideration

The signals (LONG/SHORT) can be automated using TradingView alerts, however the Stop Loss and Profit Taking are only indicators and are for the users own interpretation

The user does not have to place a Stop Loss or take profit at the Targets if so wished, the bot can be used to simply long on a LONG signal and short on a SHORT, however, the backtester will indicate that it is far more profitable to take profits.

It is advised to take profits just below indicated Targets as these are potentially high selling zones and price action can sometimes turn down just short of these targets.

---INVITE-ONLY SCRIPT---

This is an invite-only script, so if you would like to try out Kairos Bot, send me a message

Release Notes

Made some improvements to the backtesting results

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 EbbNFlo_Trading 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

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Want to use this script on a chart?

Warning: please read before requesting access.

EbbNFlo_Trading

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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.