Grid Tool

The core idea of this grid tool is that you have to concentrate less on the trade entries (this happens automatically time-independent but price-dependant) but rather on the validity of the macro trend. Exiting a trend when it is no longer valid is more important than entering a trade. But as long as the trend is valid, the trader participates exponentially in the overall trend.

It is advisable to start with a basic position and then "set up" the grid on this in a ratio of 1/10.

A major advantage of grid trading is that the average entry price in a trend moves further and further away from the current market price while the position continues to grow.

A small timeframe should be used so that the distance between the trades corresponds as closely as possible to the selected grid gap and since TV backtests are carried out with closed bars.

Before starting a grid, pre-analysis the market to make sure it is trending. Select the grid gap and grid position size that you are comfortable with. Monitor the trend and from time to time take some profit :).

PS: The ADX filter looks interesting.

Notas de Lançamento:

Selectable timeframes for exit filters added.

Notas de Lançamento:

Take Average-Entry Profit added. I think the option of automatic profit-taking makes sense.

Notas de Lançamento:

Screenshot issue.

Notas de Lançamento:

Additional time frames for exit filters added.
Two fractals trend lines as entry-filter and exit-filter added.

Notas de Lançamento:

Entry filter timeframes added.

Notas de Lançamento:

Tooltips added and minor changes.

Notas de Lançamento:

Minor changes.

Notas de Lançamento:

Sorry... take profit is now working with shorts correctly. I'm too much long focused at Bitcoin :) .

Notas de Lançamento:

Minor changes.

Notas de Lançamento:

Changed/adapted the strategy parameters.

Notas de Lançamento:

Automatic increase in position size for each trade (Martingale) added. In my opinion, Martingale is too risky to trade. But it's part of trading...

Notas de Lançamento:

Stop loss based on average-entry price added.

Notas de Lançamento:

First position size factor added.

Notas de Lançamento:

Local top/bottom added as start price for stop loss grid (position reduction starts earlier).

Notas de Lançamento:

Pin bar entry signal added.
Automatic increase in position size revised.

Notas de Lançamento:

Minor changes.

Notas de Lançamento:

Screenshot issue.

Notas de Lançamento:

Strategy comments revised.

Notas de Lançamento:

"Bug" fixed.

Notas de Lançamento:

Tooltips revised.

Notas de Lançamento:

"Top/Bottom sensitivity" added.

Notas de Lançamento:

"First position" bug fixed.
Minor improvements.

Notas de Lançamento:

Script revised and some new features/improvements added.

Notas de Lançamento:

Removed "Backtest (...)".

Notas de Lançamento:

Repainting option added.

Notas de Lançamento:

Strategy entry id bug fixed.

Notas de Lançamento:

Script converted to Pine v5.
"Quantity" for exit filters added.

Notas de Lançamento:

Info panel for unrealized profit/loss added.
Bug fixes.
New filters added (ema1 x ema2, macd slope, hma).

Notas de Lançamento:

Filter and exits revised.
Trade direction "both" added.

Notas de Lançamento:

Strategy border levels added.
Repainting revised.
Live trading parameters for Alertatron and Bybit added (I am not an affiliate of them. I am just using their services).

Notas de Lançamento:

"Strategy trigger and border levels" bug fix.

Notas de Lançamento:

Panel revised.

Notas de Lançamento:

Script revised (filters, exits, live trading comments).

Notas de Lançamento:

Exit bug fixed.

Notas de Lançamento:

"Remain idle after crossing border level" added.
Bollinger Bands added.
Scalping mode is unfinished.

Notas de Lançamento:

Minor corrections.

Notas de Lançamento:

Minor changes. pubished to get help with mutable variable.

Notas de Lançamento:

Bollinger Bands filter revised.
Button "Close All When Border Level Is Crossed." added.

Notas de Lançamento:

Live trading bug fixed / conditions revised.
TP and SL counter added.
Break even added.

Notas de Lançamento:

Border level logic revised (read tooltips for more info).

Notas de Lançamento:

Border level logic revised.

Notas de Lançamento:

"Border level close" revised.

Notas de Lançamento:

Code revised/updated.
Inputs rearranged.
Trigger and border lines revised.

Notas de Lançamento:

Inputs rearranged for a better usability.
"Instant Grid" added.
"Instantly On Current Bar Close" option for 1st Entry added.
Trigger and border lines are bar high/low sensitive now.
In backtesting, everything seems to be working as it should. Everything is also implemented for live trading but I haven't tested it live yet.

Notas de Lançamento:

Close Partly On Break Even added.

Notas de Lançamento:

Break even on live trading bug fixed.

Notas de Lançamento:

Minor changes.

Notas de Lançamento:

"Close & Stop" added.

Notas de Lançamento:

Screen shot issue.

Notas de Lançamento:

Live trading bug fixed.

Notas de Lançamento:

Live trading bugs fixed. "Auto increase in position size" bug on live trading is still pending.

Notas de Lançamento:

"Min Lot Size" for repetitive break even on backtesting added.
Break even bug fixed.

Notas de Lançamento:

Made break even "Min Lot size" available for live trading.

Notas de Lançamento:

Short entry bug fixed.

Notas de Lançamento:

Added scalper mode (only for backtesting). This still needs to be worked out, but hopefully conveys the idea I was trying to implement. I'm not following the development any further as it doesn't make sense with the current state of Tradingview's 'Strategy Tester'. Further development would only make sense with a 'strategy tester' similar to that of MT4/MT5.

The example doesn't use the scalping mode. All parameters are default but Trade direction = short, trend start = 2022-08-10, Break even = "Partly close" enabled, Stop loss count = enabled