3C QFL Mean reversalWhat is QFL trading strategy?
QFL stands for Quickfingersluc, and sometimes it is referred to as the Base Strategy or Mean Reversals. Its main idea is about identifying the moment of panic selling and buying below the base level and utilizing Safety orders.
What is Base level or Support Level?
Base level or Support Level refers to the lowest price level that was reached before the moment the price started increasing again. At that level, you can notice that buyers of some cryptocurrencies make a strong reaction.
In this strategy we can also reverse the strategy and go short. But i must warn you that that is alot riskier.
QFL is meant to be used on higher TF's like 1hr, 2hr and 4hr. But this strategy also work well on lower Timeframes.
The script also simulates DCA strategy with parameters used in 3commas DCA bots for futures trading.
Experiment with parameters to find your trading setup.
Beware how large your total leveraged position is and how far can market go before you get liquidated!
Do that with the help of futures liquidation calculators you can find online!
Included:
An internal average price and profit calculating, instead of TV`s native one, which is subject to severe slippage.
A graphic interface, so levels are clearly visible and back-test analyzing made easier.
Long & Short direction of the strategy.
Table display a summary of past trades
Vertical colored lines appear when the new maximum deviation from the original price has
been reached
All the trading happens with total account capital, and all order sizes inputs are expressed in percent.
Dca-bots
DCA Bot Long/Short Thanks to @TheTradingParrot for the inspiration and knowledge shared.
Thanks to @ericlin0122 for the original DCA Bot Emulator which is the backbone of this strategy.
The script simulates DCA strategy with parameters used in 3commas DCA bots for futures trading. Experiment with parameters
to find your trading setup.
Beware how large your total leveraged position is and how far can market go before you get liquidated!
Do that with the help of futures liquidation calculators you can find online!
I`ve added:
1) an internal average price and profit calculating, instead of TV`s native one, which is subject to severe slippage.
2) I`ve built a graphic interface, so levels are clearly visible and back-test analyzing made easier.
3) now both Long & Short direction of the strategy exist.
4) trailing TP which was featured in the initial script has been removed because TV`s execution model makes
it impossible to know how the real world trailing would have unfolded.
5) the table is self explanatory, and it is there to help you discover what happened and where.
6) vertical colored lines appear when the new maximum deviation from the original price has
been reached
All the trading happens with total account capital, and all order sizes inputs are expressed in percent.
Known issues:
When deviation is small, and the same candle triggers safety AND the close order, the initial orders are closed, but a
new one opens on the next candle. This is "resolved" by closing the unwanted trade forcefully on the next candle, affecting
profit calculating minimally and guaranteeing that what should be closed has been closed.
The code could be improved through use of arrays, making the table flexible so the number of rows should be dynamic depending
on the number of SOs.
!!!!! IMPORTANT!!!!!
This strategy script is made to receive a signal from an exterior study script, which should plot +100 for long or -100 for short
entry (that is by default - values can be changed in the strategy settings menu). That plot should be found in "Enter Trigger" input
dropdown menu at the bottom of strategy settings menu. Removing the "and trigger == long/short_trigger" condition from strategy entry
conditions makes the strategy open trades ASAP.
Cheers!
Backtesting 3commas DCA Bot v2Updating previously published simulated 3commas DCA logic with a sexier insert and more meaningful default parameters.
