Strategy Builder - What can we do with it ?

18 Jul 2019

Hi y'all

After publishing this Strategy-Builder-Crypto-Single-Trend-Plots/ I got asked a lot of questions privately challenging me to showcase what a more advanced version can do (please see in this idea what it can do)

I use a custom algorithm and that's the whole point of the tool. You can define yours and it will be truly YOURS.
In this case, I added secondary signals to allow me to enter more often because it suits my psychology and capital and this configuration mixed with the m30 timeframe allows to :

- only take trades with STRONG trends - I'm not interested in < 10% move with this algorithm
- avoid many fakeouts due to low timeframes

To give a bit more details, I'll trade only the diamond and the first or sometimes second triangle signal of a given bullish/bearish sequence. As explained here Strategy-Builder-Crypto-Single-Trend-Plots/, if in front of a resistance/support, I'll define a pullback in the indicator and track the signal via alert (why staying in front of the charts seriously)
Also I'll exit a position when a trend signal (those small red and blue labels) in the opposite direction will appear. This will invalidate a potential loosing position and will allow me to exit with a small loss

Quick FAQ
What is the winning rate ?
Depends of your configuration and psychology. Even with the good signal, if you buy a resistance without analyzing, no indicator/bot/god will help
Without being focused and rigourous, win rate is negative ... but with a bit of determination, you'll explode your own track record and will showcase to your contacts how great of a trader you are

Is it time consuming to find a configuration ?
YES quite a bit at the beginning but once done... it's done. In a few hours/days you'll get a first proper version
See what I mean ? You won't have to monitor the charts too much anymore and track visually the convergence of all your indicators leaving completely exhausted/stressed at the end of the day
You can even publish your signals to brag on Tradingview/Twitter/Facebook/Instagram/...

Are there any other benefit(s) ?
Well you're a bit greedy to ask me this friend but yes ... you'll understand after using it. You'll find configurations you wouldn't be able to think of without this tool
It will help enhance your analysts skills and give you a new perspective... the perspective of ALGO TRADING

Why did you make it ?
I made it for me to trade cryptocurrencies and being using it for over 4 years. I optimized it constantly for the last 4 years (we should be at the version 376 on Tradingview now). I wanted to remove the noise from Twitter and be only focus on TA as I'm convinced that TA will tell you everything you'll need to know
Some friends asked me to try it and now they're only trading with it because it freed them so much time. And they can create their algorithm for all assets class for all timeframes (scalping, intraday, swing) and matching their capital and psychology
So... I'm sharing it with the community and hope you'll like it as much as my small community likes it

Please shoot in the comments or in the indicator comments any question that you might have. For more personal question, shoot me a DM. I'll try to reply within a day

Enjoy my dear apprentice algo traders
Dave