AltAlgoHello Traders ,
the AltAlgo is here! – our brand new trading multitool. It is an all-in-one backtesting and alert script based on our proprietary strategy and algorithms. Including many useful customizable features.
About one year ago we published our AltTrader Scalp & Swing indicator. We made a backtester for it named AltTrader BackTester Swing&Scalp. This pair of indicator and strategy turned out to be a great success. After one year of constant development and updates, we are proud to present to you our latest AltAlgo – our newest strategy script with the ability to send alerts! No more copying inputs from strategy to indicator to set alerts. Now you will prepare a strategy and create alerts in one script. We also added some new features.
AltAlgo is a great tool that helps you find the best possible entries for your trades. It's not a limited strategy for only some timeframe periods or assets. You can use it on Crypto, Forex, Stocks, Indices, and basically any chart that is available on TradingView. It is suitable for short-term scalping, mid-term and long-term swing trading, both spot and futures.
AltAlgo combines many algorithms to provide the best possible entry for you. It uses ATR, Supertrend, many different moving averages, and our proprietary system of rules and calculations to plot an ideal BUY or SELL signal for you, across all markets.
The main features/settings of the AltAlgo include :
Specific testing period - you can specify the start and end date to backtest, also the time
Power - the main variable responsible for the AltAlgo sensitivity and the amount of signals
AltFilters - these filters aim to detect the trend and prevent sending signals when the price consolidates
Supertrend - Multi time frame implementation of the famous Supertrend filter to follow the trend direction even more
Only long / only short mode - could be useful for spot trading or to create separate strategies for longs and shorts
COOS (close on opposite signal) - you can choose for the strategy to close open trades when an opposite signal comes in or not
Breakeven - if you want the AltAlgo to move stop loss to BE on chosen take profit level
Trailing stop-loss - it uses the moving target method for trailing from a chosen take profit level
Four levels for taking a profit - separate take profit levels for long and short direction, all calculations can be set in %, pips or ATR
DCA entry - function to improve your entry price and create an entry ZONE in case the price goes in the opposite direction
MultiMA - you can choose one of the 27 moving averages added to filter signals (above MA only BUY, below MA only SELL)
Sessions - we have predefined main trading sessions (America, Europe, Asia) or you can use custom settings based on any day of the week, any hours and time zones
External filter - you can use your own script to filter signals given by the AltAlgo
Miscellaneous - long/short trade background coloring, showing peak profit, etc.
Notice alerts – AltAlgo can send you additional alerts informing you about running trade like take profit or stop loss hits, flips, etc.
External output - you can use the AltAlgo as a signal provider for your other script
Alerts - fully customizable alerts for BUY/SELL signals, supporting entry zone (DCA), automatic ticker renaming (for example BTCUSDTPERP to BTCUSDT), and the option to add top and bottom lines of free text
As you can read, the AltAlgo is packed with lots of useful features, which make it irreplaceable in your trading journey. We put all our knowledge and experience to make this tool and we hope it would be useful for you and you make a lot of profits with it.
We also have a kind, amazing and helpful community of AltAlgo users, which help each other every day and share their knowledge and setups in their trading journey.
Strategy properties used:
Initial capital - 10000
Order size - 10%
Commission - 0.04%
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