OnePunch Algo KITE

6 de out. de 2021

Introducing One of OnePunch ALGO Flagship plugin. In this plugin it comes with a in-built risk management system plus it allows users stop loss input per trade. This can be used with Cryptocurrency and Stocks equally.

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########## User Guide ###########
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OnePunch ALGO KITE should be used with 30min or upper time limits, this is built for long term trading strategies. Make sure once you pick a crypto or stock to trade, check its backtest data: which can be found at Strategy Tester. A good strategy should always out perform the Buy & Hold for a given timeframe.

Best Bar Time: 45m

Other Options
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Short Term/Day Trading Setup
For Short Term or Day Trade: 5min, 15min & 30min candlesticks

Mid Term Trading Setup
For Mid-term traders: 45m, 1hr, 2hr, and 3hr setup works really well.

For Long Term Trading Setup
For long term traders: 4hr, 1D, 1Week and 1Month Setup works well.
* Best timeframe should beat buy and hold for a given timeline.

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####### How Strategy Work ########
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Strategy use multiple signals and technical data. Including and not limited to Simple Moving Averages, Volume , & Trends. In this chart, we picked Polkadot (DOTUSD) crypto coin as an example with an initial capital of 1k. We have also added a slippage of 1 just to be on the safe side and a commission rate of 0.01% (Commission rates depends of your broker).



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######## Built with Inputs #########
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Date Pick: User can backtest the plugin with exact date you want from to till. For an example, you can check date from 01 / 01 /2020 (Default setting date) till day, and compare apple to apple results with other stocks. This is mostly used to check if another stock/crypto do better than the other compared to a given timeframe.

Risk Management per Trade: This also allows users to put their own risk management loss percentage. In default it is set to 100%. This allows user to see in the long run, if this provide better results with or without a stop loss.


Commission Rates: User can update commission rates according to their broker's fees

Slippage: To be more conservative about the entry and exit of a trade, user can input any slippage amount

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#### How to Detect BUY Signals #####
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When a teal color BUY signal is given, it is a BUY. This signal basically happen when a stock land in a high volatility zone. We use in-build systems such as MA , Support and Resistance and Trends to come up with the Buy Signal. Algorithm make a market order when the criteria's are met and algorithm exit if this turns out to be a bluff bullish signal.

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#### How to Detect SELL Signals #####
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When a maroon color SELL signal is given, it is a SELL happen when a momentum changed in a bearish downtrend. Sell happen when a momentum changed in a bearish downtrend. We use moving averages and trend analysis to identify downtrends. Algorithm make a market order when the criteria's are met. There is a in-built risk management that make an exit order when a bullish alert turns out to be a bluff.



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#### Bullish and Bearish Signals #####
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When a silver color Bearish signal is given, it is a BEARISH trend alert. It's up to the user to decide what to do when this alert is given. (Note: Backtest data only shows Buy and Sell Signal market orders results, it does not account bearish alerts), a Bearish signal given when the stock/crypto is overbought in multiple technical indicators.

When a sea blue Bullish trend signaled. (Mind this sea blue color signal will not be calculated in the backtest, it is up to the users to decide what to do with this bullish signal) - This signal happen when a stock is oversold in multiple technical indicators.






DISCLAIMER: Stocks and options trading involves substantial RISK of LOSS and is NOT suitable for every investor. The valuation of stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks, you must seek independent advice from your financial advisor.

All trading strategies are used at your own risk. And OnePunch ALGO Developer does NOT take any responsibility for your losses using any of the advice or suggestions or strategies are shown/said in any of OnePunch ALGO publications.