BNBUSD 1 Minute Chart / 1 Hour BBand Day Trading 3Commas
*** As always, this is provided for educational purposes only and I am not an investment advisor; I'm just a guy who likes to come up with novel ideas and share them with other traders so they can learn. ***
This strategy is a fun one. I took parts of 'Bollinger Awesome Alert R1 by JustUncleL' (www.tradingview.com/v/QYCToBoN/) and modified it to have enhanced day trading functionality. This version does not show source and that is by design - I want the alerts to be visible to the public and if you want to get set up with a version that integrates with 3commas, drop me a message - there's a lot more that goes into setting up automated 3commas trading but this script was written specifically with 3commas in mind.
It's possible this is one of the more interesting strategy indicators I've made. The setup I used for this is as such and you will need to set it up the same way:
One minute chart for the BNB/USD(T) pair on Binance.us (other exchanges will likely work, other coin pairs or other time frames will likely not)
This script watches the one minute chart and when price golden crosses the lower Bollinger band, a buy order is placed.
There are two sell conditions; one I set up to take profit and one I designed as a kind of stop loss. I went with a flat 7.5% for the take profit as this showed the best results in the backtester. I had planned for it to be closer to 3% but for this strategy to work it needs to be higher. According to the backtest it offers around double the return of buying and holding BNB over the sample timeframe.
The 'stop loss' condition is where the fun lies. I transposed Bollinger bands from a one hour BNBUSD Binance.us chart on top of the 1 minute chart and those are the blue lines you see. The stop loss condition happens when the current price death crosses the bottom one hour Bollinger band. Ironically, often this doesn't result in any losses as you will see in the chart and instead results in a small win. This definitely was not my intention when I created it but it's a lot better than the earlier version where I set up a variable percentage-based stop loss. Even with me optimizing the regular stop loss for this coin pair, my 1 hour bband method nets an extra 2% profit over the same two week time period, even with Binance fees factored in!
Have fun and like I said, hmu via message if you want access to the customizable indicator for 3commas!
This strategy is a fun one. I took parts of 'Bollinger Awesome Alert R1 by JustUncleL' (www.tradingview.com/v/QYCToBoN/) and modified it to have enhanced day trading functionality. This version does not show source and that is by design - I want the alerts to be visible to the public and if you want to get set up with a version that integrates with 3commas, drop me a message - there's a lot more that goes into setting up automated 3commas trading but this script was written specifically with 3commas in mind.
It's possible this is one of the more interesting strategy indicators I've made. The setup I used for this is as such and you will need to set it up the same way:
One minute chart for the BNB/USD(T) pair on Binance.us (other exchanges will likely work, other coin pairs or other time frames will likely not)
This script watches the one minute chart and when price golden crosses the lower Bollinger band, a buy order is placed.
There are two sell conditions; one I set up to take profit and one I designed as a kind of stop loss. I went with a flat 7.5% for the take profit as this showed the best results in the backtester. I had planned for it to be closer to 3% but for this strategy to work it needs to be higher. According to the backtest it offers around double the return of buying and holding BNB over the sample timeframe.
The 'stop loss' condition is where the fun lies. I transposed Bollinger bands from a one hour BNBUSD Binance.us chart on top of the 1 minute chart and those are the blue lines you see. The stop loss condition happens when the current price death crosses the bottom one hour Bollinger band. Ironically, often this doesn't result in any losses as you will see in the chart and instead results in a small win. This definitely was not my intention when I created it but it's a lot better than the earlier version where I set up a variable percentage-based stop loss. Even with me optimizing the regular stop loss for this coin pair, my 1 hour bband method nets an extra 2% profit over the same two week time period, even with Binance fees factored in!
Have fun and like I said, hmu via message if you want access to the customizable indicator for 3commas!
เอกสารเผยแพร่:
I've changed quite a bit in this script. I streamlined most of it to remove unused options that were leftover from experiments I had tried that didn't work correctly but that was not the main focus here.
This is my best scalper script to date but it was not clear to users how it worked. I have added a new feature which I will go over though the main purpose of this update is to clarify use to you, end user.
The basis for this strategy is that it uses a super fast set of Bollinger bands for buys. Because it will use your current chart timeframe for buys, please set your chart to one minute. It then looks to a user-defined percentage to take profit. This is the only way this bot takes profit and I mention this because there are multiple sell conditions but this is the only one actually used to make money. Use the backtester to figure out the best settings for your Buy Bands (as I like to call them.)
The second available sell condition is the first stop loss. It is a Bollinger-band based stop loss. The concept here is that you will use a much slower set of Bollinger bands from a resolution that you set. These bands will be overlaid across your chart. If on any given minute the price drops below the lower band, a stop loss will occur. You can probably see now why this script requires a one minute chart. This stop loss can be toggled on and off from options. By default it is on.
The third sell condition is another stop loss, though this one is strictly percentage-based. You can set your percentage and toggle use of this sell condition in Settings. By default it is off.
I have a few more ideas for this script. I want to add a toggleable and variable RSI-based entry condition that can pull from multiple resolutions at once. I also want to add a fourth sell condition in the form of a trailing take profit/stop loss.
Depending on how you configure it this probably my most aggressive script. Keep that in mind when you use it!
This is my best scalper script to date but it was not clear to users how it worked. I have added a new feature which I will go over though the main purpose of this update is to clarify use to you, end user.
The basis for this strategy is that it uses a super fast set of Bollinger bands for buys. Because it will use your current chart timeframe for buys, please set your chart to one minute. It then looks to a user-defined percentage to take profit. This is the only way this bot takes profit and I mention this because there are multiple sell conditions but this is the only one actually used to make money. Use the backtester to figure out the best settings for your Buy Bands (as I like to call them.)
The second available sell condition is the first stop loss. It is a Bollinger-band based stop loss. The concept here is that you will use a much slower set of Bollinger bands from a resolution that you set. These bands will be overlaid across your chart. If on any given minute the price drops below the lower band, a stop loss will occur. You can probably see now why this script requires a one minute chart. This stop loss can be toggled on and off from options. By default it is on.
The third sell condition is another stop loss, though this one is strictly percentage-based. You can set your percentage and toggle use of this sell condition in Settings. By default it is off.
I have a few more ideas for this script. I want to add a toggleable and variable RSI-based entry condition that can pull from multiple resolutions at once. I also want to add a fourth sell condition in the form of a trailing take profit/stop loss.
Depending on how you configure it this probably my most aggressive script. Keep that in mind when you use it!