CryptoRox

Automated - Fibs with Limit only orders

Automated - Fibs with Limit only orders

This script was designed to demonstrate how you can use a single alert to move your limit orders around.

It is not meant to be traded live and has been built to work with Binance Futures Testnet.

You will notice a lot of plots with 5 different titles.

New = Place your limit buy at a fixed-price.
Move = Cancel the current limit buy and place it at the new fixed-price.
Filled = Cancel any limit closes and places them anew based on the new average and take profit.
Cancel = Cancels exisiting limit buys.
Cloes All = Limit close filled, no commands necessary.

The default quantity in the command is the minimum order size on Binance.


Settings

Live
- If enabled it will only place trades after the "Stat Timestamp + Start Delay" that you provide.

Start Timestamp
- Use something similar to epochconverter to get the current timestamp.

Start Delay
- Gives you 1 minute by default to start the script and create your alert before it begins looking for a new entry.

Leverage
- Default 1. Affects the "Take Profit and DCA When" Settings.

Take Profit %
- This is the percentage above the current average you'd like to place your position close at.

DCA When %
- The percentage below your last entry that you're willing to buy again.




Note: This strategy has no stop-loss and pyramiding is enabled. It is not built for, or recommended to run live.

I hope this opens some doors and helps advance your personal trading system.
Good luck and happy scripting!
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?