I realise the last release note doesn't reflect the scale of the changes, so please find below the new, updated description of this script:
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This strategy lets users create BUY/SELL alerts for 3commas single bots in a simple way, based on a built in set of indicators that can be tweaked to work together or separately through the study settings. Indicators include Bollinger Bands , Williams %R , RSI , EMA , SMA , Market Cipher, Inverse Fisher Transform , RSI divergence, and more. Not all are useful to be honest :)
KEY FEATURES:
- It uses pyramiding (see strategy "properties"), meaning that instead of Safety Order activating at specific % intervals, it will just open new deals when deal start conditions are met. The idea is that the "new deals" are acting as Safety Orders, except that they triggers when the conditions are right.
- It includes a lot of new options for deal start/close conditions for maximum control, including forcing the script to DCA down (or not), or use cooldown times to spread the deals over longer periods of time and thus avoid getting stuck in a nasty price drop. More interestingly, there are options to prevent sending SELL signals when your deals are overal at a loss.
- It doesn't require any external tool to backtest.
The alerts will send both BUY and SELL signals for the selected pair. Note the script will only send alerts for the pair selected in the study settings, not for the current chart (if different), so make sure you test it on the charts you actually want to trade on :)
Important: it is only an early experiment, which I have tested only on Paper Trading.
HOW TO USE:
- In 3commas, create a multi-pairs bot with 0 Safety orders, 99% Profit, but multiple "Max active Deals" and multiple "Simultaneous deals per same pair" (more on that later). The Deal Start condition should be "TradingView custom signal". The Base order size is up to you. Save and take note of the "deal start" and "close all" messages on your bot page.
- In TradingView, Add the script to the current chart
- Open the strategy settings, and go to "properties". There, you need to adjust the maximum number of simultaneous deals you want under "pyramiding". You also need to make sure the "initial capital" is equal to your "order size" multiplied by the "pyramiding" value.
- In the main strategy settings , insert the 3commas messages for both DEAL START and CLOSE ALL DEALS.
- Still in the strategy "settings", tweak the deal start/close conditions from various indicators until happy. The strategy will plot the entry / exit points on the chart. It will also plot the indicators below the chart, so you can better visualise what is happening. You will also see green and red bars whenever deal start / stop conditions are met. Note that these green/red bars do not show when the alerts are actually sent, as they are not taking into account the deal start/stop variables you have chosen. It is just to show the theoretical entry/exit points.
- When happy, right click on the "..." next to the study name, then "Add alert'".
- Under "Condition", on the second line, chose "Any alert () function call". Add the webhook from 3commas, give it a name, and "create".
- Back to 3commas. Go to your bot setting and make sure the numbers in "max active deals" and "simultaneous deals of the same pair" are equal to the value you have in the script Properties under "pyramiding".