MY PEPE USDT BUY SELL ALERTS EXPERIMENTFolks, I have been toying with this idea for the past week. I use it to send alerts to a secondary dedicated GMAIL address, I then use Python to connect to the account using an APP password. It fetches alerts, and then submits buy sell orders using Binance API. Sharing it as keen to hear your feedback and welcome enhancement ideas. I hope you find it useful :)
Configuration Inputs
Entry and Exit Pivot Lengths: Defines the number of bars used to calculate low pivots for buy signals and high pivots for sell signals. The flexibility in defining different lengths for entry and exit allows the strategy to adapt to varying market conditions.
Volatility Factor: Modulates the atr (average true range) to scale the offset for labels, enhancing visual clarity based on market volatility.
RSI Confirmation for Buy: Incorporates an RSI filter to confirm buy signals, aiming to avoid potential false entries during oversold market conditions.
Trend EMA Length: Establishes a long-term exponential moving average (EMA) to identify the overall market trend, filtering trades to occur only in favorable conditions (uptrend).
Logic and Conditions
Pivot Calculation: Uses pivot points to determine potential entry and exit positions. Entry pivots are based on lows (for buying opportunities) and exit pivots on highs (for selling opportunities).
Uptrend Confirmation: Trades are only executed when the price is above the defined EMA, ensuring that trades are aligned with the primary market trend.
Signal Conditions:
Buy Signal: A buy signal is triggered when the price crosses above an identified entry pivot, the market is in an uptrend, and optionally if the RSI is below a defined oversold threshold, ensuring the entry is at a potentially undervalued point.
Sell Signal: A sell signal is triggered either when the price crosses above an exit pivot or falls below the EMA trend line, indicating a potential peak or a weakening trend.
Visualization and Alerts
Plot Lines and Labels: Plots the entry and exit pivot lines and the EMA trend line with distinct colors for clarity. Labels are dynamically placed to indicate buy and sell points with details on entry price and profit percentage.
Alerts: Configured to send notifications for buy and sell triggers, providing timely trade information.
This strategy provides a robust framework for traders looking for systematic entry and exit points based on technical indicators, adjusted for volatility and trend, with additional confirmation from the RSI to enhance trade accuracy and effectiveness.
