MyBot S&P 💯 NO REPAINTING
We are very proud to officially introduce you to MyBot S&P.
This bot's script solves many problems dealing with tradingview strategies in real-time and can be used with alerts that are set up for the autoview used to automate alerts from tradingview.
A brief description below will detail how the bot functions
This script is especially effective for trading the NAS100 market on a delay of 1 min.
It can sometimes be a bit complicated to use syntax especially when we are new to trading.
This is why we have created an indicator synthesizing your inputs into syntax and being able to visually display them directly on your graphic chart.
No more headaches with syntax, our bot will take care of it for you.
Simple and easy to use, we have reviewed in detail all the criteria of use in order to create an intuitive bot with our algorithms.
Overpowered and without repainting, our complex algorithm will bring you serenity in your trades.
We have combined in our algorithm several strategies in order to increase our results.
How this script works
it first checks for tradable zones using 3 different indicators. The first one it uses ADX with DI levels (with smoothing also) on a higher resolution (calculated in a new way) to determine zones to take trades.
It also uses WMA percentage levels above and below to determine perfect trade zones.
it then uses stochastics for overbought and oversold zones to know if it is a great zone for a trade.
It also uses two SMAs on higher resolutions to determine when it is acceptable to take trades.
Once a trade is initiated there is options for trailing in, trailing exit and taking percentage profit and a stop-loss or trailing stop.
Another important thing added to the script is the ability to view strategy results on your phone.
We have included that in a table reflecting all the calculations provided by tradingview to give you access to strategy results on the fly.
What is a Average Directional Movement Index (ADX)
ADX stands for Average Directional
Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values.
The ADX is a component of the Directional Movement System developed by Welles Wilder.
This system attempts to measure the strength of price movement in positive and negative direction using the DMI+ and DMI- indicators along with the ADX.
How this indicator works
- Wilder suggests that a strong trend is present when ADX is above 25 and no trend is present when below 20.
- When the ADX turns down from high values, then the trend may be ending. You may want to do additional research to determine if closing open positions is appropriate for you.
- If the ADX is declining, it could be an indication that the market is becoming less directional, and the current trend is weakening. You may want to avoid trading trend systems as the trend changes.
- If after staying low for a lengthy time, the ADX rises by 4 or 5 units, (for example, from 15 to 20), it may be giving a signal to trade the current trend.
- If the ADX is rising then the market is showing a strengthening trend. The value of the ADX is proportional to the slope of the trend. The slope of the ADX line is proportional to the acceleration of the price movement (changing trend slope). If the trend is a constant slope then the ADX value tends to flatten out.
ADX is simply the mean, or average, of the values of the DX over the specified Period.
What is a Double Smoothed Stochastic ?
The Double Smoothed Stochastic indicator was created by William Blau. It applies Exponential Moving Averages (EMAs) of two different periods to a standard Stochastic %K.
The components that construct the Stochastic Oscillator are first smoothed with the two EMAs.
Then, the smoothed components are plugged into the standard Stochastic formula to calculate the indicator.
How this indicator works
DSS ranges from 0 to 100, like the standard Stochastic Oscillator. The same rules of interpretation apply to Stochastics can be applied to DSS, although DSS offers a much smoother curve than the raw Stochastic.
- Generally, the area above 70 indicates an overbought region, while the area below 30 is considered an oversold region. A sell signal is given when the oscillator is above the 70 level and then crosses back below 70. Conversely, a buy signal is given when the oscillator is below 30 and then crossed back above 30. 70 and 30 are the most common levels used but can be adjusted as needed.
- Divergences form when a new high or low in price is not confirmed by the Stochastic Oscillator. A bullish divergence forms when price makes a lower low, but the Stochastic Oscillator forms a higher low. This indicates less downward momentum that could foreshadow a bullish reversal. A bearish divergence forms when price makes a higher high, but the Stochastic Oscillator forms a lower high. This shows less upward momentum that could foreshadow a bearish reversal.
EMA of the [EMA of the (Close – Lowest Low for the specified period)]
EMA of the [EMA of the (Highest High for the specified period – Lowest Low for the specified period)] X 100.
What is Exponential Moving Average (EMA)
Exponential Moving Average (EMA) is similar to Simple Moving Average (SMA), measuring trend direction over a period of time. However, whereas SMA simply calculates an average of price data, EMA applies more weight to data that is more current. Because of its unique calculation, EMA will follow prices more closely than a corresponding SMA.
How this indicator works
- Use the same rules that apply to SMA when interpreting EMA. Keep in mind that EMA is generally more sensitive to price movement. This can be a double-edged sword. On one side, it can help you identify trends earlier than an SMA would. On the flip side, the EMA will probably experience more short-term changes than a corresponding SMA.
- Use the EMA to determine trend direction, and trade in that direction. When the EMA rises, you may want to consider buying when prices dip near or just below the EMA. When the EMA falls, you may consider selling when prices rally towards or just above the EMA.
- Moving averages can also indicate support and resistance areas. A rising EMA tends to support the price action, while a falling EMA tends to provide resistance to price action. This reinforces the strategy of buying when the price is near the rising EMA and selling when the price is near the falling EMA.
- All moving averages, including the EMA, are not designed to identify a trade at the exact bottom and top. Moving averages may help you trade in the general direction of a trend, but with a delay at the entry and exit points. The EMA has a shorter delay than the SMA with the same period.
You should notice how the EMA uses the previous value of the EMA in its calculation. This means the EMA includes all the price data within its current value. The newest price data has the most impact on the Moving Average and the oldest prices data has only a minimal impact.
EMA = (K x (C - P)) + P
C = Current Price
P = Previous periods EMA (A SMA is used for the first periods calculations)
K = Exponential smoothing constant
The smoothing constant K, applies appropriate weight to the most recent price. It uses the number of periods specified in the moving average.
What is a Weighted Moving Average (WMA)
A Weighted Moving Average puts more weight on recent data and less on past data. This is done by multiplying each bar’s price by a weighting factor. Because of its unique calculation, WMA will follow prices more closely than a corresponding Simple Moving Average.
How this indicator works
- Use the WMA to help determine trend direction. It could be an indication to buy when prices dip near or just below the WMA. It could be an indication to sell when prices rally towards or just above the WMA.
- Moving averages can also indicate support and resistance areas. A rising WMA tends to support the price action, while a falling WMA tends to provide resistance to price action. This strategy reinforces the idea of buying when price is near the rising WMA or selling when price is near the falling WMA.
- All moving averages, including the WMA, are not designed to identify a trade at the exact bottom or top. Moving averages tend to validate that your trade is in the general direction of the trend, but with a delay at entry and exit. The WMA has a shorter delay then the SMA.
- Use the same rules that apply to SMA when interpreting WMA. Keep in mind, though, that WMA is generally more sensitive to price movement. This can be a double-edged sword. On one side, WMA can identify trends sooner than a SMA. On the flip side, the WMA will probably experience more whipsaws than a corresponding SMA.
The most recent data is more heavily weighted, and contributes more to the final WMA value.
The weighting factor used to calculate the WMA is determined by the period selected for the indicator. For example, a 5 period WMA would be calculated as follows:
WMA = (P1 * 5) + (P2 * 4) + (P3 * 3) + (P4 * 2) + (P5 * 1) / (5 + 4+ 3 + 2 + 1)
P1 = current price
P2 = price one bar ago, etc…
Trading Multiple Time Frames in FX.
Most technical traders in the foreign exchange market, whether they are novices or seasoned pros, have come across the concept of multiple time frame analysis in their market educations. However, this well-founded means of reading charts and developing strategies is often the first level of analysis to be forgotten when a trader pursues an edge over the market.
In specializing as a day trader, momentum trader, breakout trader or event risk trader, among other styles, many market participants lose sight of the larger trend, miss clear levels of support and resistance and overlook high probability entry and stop levels. In this article, we will describe what multiple time frame analysis is and how to choose the various periods and how to put it all together.
What Is Multiple Time-Frame Analysis?
Multiple time-frame analysis involves monitoring the same currency pair across different frequencies (or time compressions). While there is no real limit as to how many frequencies can be monitored or which specific ones to choose, there are general guidelines that most practitioners will follow.
Typically, using three different periods gives a broad enough reading on the market, while using fewer than this can result in a considerable loss of data, and using more typically provides redundant analysis. When choosing the three time frequencies, a simple strategy can be to follow a "rule of four." This means that a medium-term period should first be determined and it should represent a standard as to how long the average trade is held. From there, a shorter term time frame should be chosen and it should be at least one-fourth the intermediate period (for example, a 15-minute chart for the short-term time frame and 60-minute chart for the medium or intermediate time frame).
Through the same calculation, the long-term time frame should be at least four times greater than the intermediate one (so, keeping with the previous example, the 240-minute or four-hour chart would round out the three time frequencies).
It is imperative to select the correct time frame when choosing the range of the three periods. Clearly, a long-term trader who holds positions for months will find little use for a 15-minute, 60-minute and 240-minute combination. At the same time, a day trader who holds positions for hours and rarely longer than a day would find little advantage in daily, weekly and monthly arrangements. This is not to say that the long-term trader would not benefit from keeping an eye on the 240-minute chart or the short-term trader from keeping a daily chart in the repertoire, but these should come at the extremes rather than anchoring the entire range.
Long-Term Time Frame
Equipped with the groundwork for describing multiple time frame analysis, it is now time to apply it to the forex market. With this method of studying charts, it is generally the best policy to start with the long-term time frame and work down to the more granular frequencies. By looking at the long-term time frame, the dominant trend is established. It is best to remember the most overused adage in trading for this frequency: "The trend is your friend."
Positions should not be executed on this wide-angled chart, but the trades that are taken should be in the same direction as this frequency's trend is heading. This doesn't mean that trades can't be taken against the larger trend, but that those that are will likely have a lower probability of success and the profit target should be smaller than if it was heading in the direction of the overall trend.
in the currency markets, when the long-term time frame has a daily, weekly or monthly periodicity, fundamentals tend to have a significant impact on direction. Therefore, a trader should monitor the major economic trends when following the general trend on this time frame. Whether the primary economic concern is current account deficits, consumer spending, business investment or any other number of influences, these developments should be monitored to better understand the direction in price action. At the same time, such dynamics tend to change infrequently, just as the trend in price on this time frame, so they need only be checked occasionally.
Another consideration for a higher time frame in this range is the interest rate. Partially a reflection of an economy's health, the interest rate is a basic component in pricing exchange rates. Under most circumstances, capital will flow toward the currency with the higher rate in a pair as this equates to greater returns on investments.
Medium-Term Time Frame
Increasing the granularity of the same chart to the intermediate time frame, smaller moves within the broader trend become visible. This is the most versatile of the three frequencies because a sense of both the short-term and longer-term time frames can be obtained from this level. As we said above, the expected holding period for an average trade should define this anchor for the time frame range. In fact, this level should be the most frequently followed chart when planning a trade while the trade is on and as the position nears either its profit target or stop loss.
Short-Term Time Frame
Finally, trades should be executed on the short-term time frame. As the smaller fluctuations in price action become clearer, a trader is better able to pick an attractive entry for a position whose direction has already been defined by the higher frequency charts.
Another consideration for this period is that fundamentals once again hold a heavy influence over price action in these charts, although in a very different way than they do for the higher time frame. Fundamental trends are no longer discernible when charts are below a four-hour frequency. Instead, the short-term time frame will respond with increased volatility to those indicators dubbed market moving. The more granular this lower time frame is, the bigger the reaction to economic indicators will seem. Often, these sharp moves last for a very short time and, as such, are sometimes described as noise. However, a trader will often avoid taking poor trades on these temporary imbalances as they monitor the progression of the other time frames.
Putting It All Together
When all three time frames are combined to evaluate a currency pair, a trader will easily improve the odds of success for a trade, regardless of the other rules applied for a strategy. Performing the top-down analysis encourages trading with the larger trend. This alone lowers risk as there is a higher probability that price action will eventually continue on the longer trend. Applying this theory, the confidence level in a trade should be measured by how the time frames line up.
For example, if the larger trend is to the upside but the medium- and short-term trends are heading lower, cautious shorts should be taken with reasonable profit targets and stops. Alternatively, a trader may wait until a bearish wave runs its course on the lower frequency charts and look to go long at a good level when the three time frames line up once again.
Another clear benefit from incorporating multiple time frames into analyzing trades is the ability to identify support and resistance readings as well as strong entry and exit levels. A trade's chance of success improves when it is followed on a short-term chart because of the ability for a trader to avoid poor entry prices, ill-placed stops, and/or unreasonable targets.
What is a Trailing stop orders ?
A trailing stop loss order adjusts the stop price at a fixed percent or number of points below or above the market price of a stock. Learn how to use a trailing stop loss order and the effect this strategy may have on your investing or trading strategy.
Note: Trailing stop orders may have increased risks due to their reliance on trigger pricing, which may be compounded in periods of market volatility, as well as market data and other internal and external system factors.
Trailing stop orders are held on a separate, internal order file, placed on a "not held" basis, and only monitored between 9:30 a.m. and 4:00 p.m. Eastern.
What is Autoview ?
Autoview is a Chrome extension that listens to your Tradingview alerts and places orders on the exchange of your choosing. You control what Autoview does by inserting a specialized syntax into your Tradingview alert message box.
Whether you simply want to add a stop loss or trailing stop on an exchange that does not provide it, or automate an existing Tradingview strategy, Autoview can help you do that.
This is what Autoview does!
We provide the ability to use your Tradingview alerts to place live trades on your behalf.
Over 30 exchange integrations and adding new ones regularly. Bitget, Binance, BitMEX, FTX and many more. Trade Bitcoin, altcoins, forex, commodities, indices, stocks and more...
Using Tradingview's custom Pine Script language you can create anything from fully automated strategies and indicators to unique trailing stops or take profits. Combined with the Autoview syntax, there is almost no limits to what you can create.
Use our Referral coupon and get 10% discount.
- Coupon: NYM1F-RUR44-K81L1
What is a Crypto Calculator ?
Simple study for calculate position sizing with define risk percent.
The goal of this study is to eliminate excel/ google sheet calculation and we can just calculate proper position size within chart.
How to use
1) Specific your trade side ( Long or Short )
2) Define your Entry/Stop price. These values are important for position size calculation
3) Define your Target price, if you have one.
4) Define your risk percent per trade and some slippage + fee. Most top traders are recommend 2% risk per trade. And maximum risk is 6% per month/per concurrent positions.
5) Define your initial capital ( your money in portfolio )
How to read the result
1) Position Size will tell you how big your position size per trade that match your specific risk percent.
2) You can check Risk-Reward ratio ( RRR ) to see if this trade is a good one or not, the Gurus are recommend RRR = 1.5 - 2.0 to win in a long run.
3) You can check your profit target and profit % per your capital if the target reach. Also you can check how much profit amount you'll get if target reach.
Cryptocurrencies, S&P, and Stock trading, Assets trading and Trading using Bots involves risk of capital loss.
The Super Trades consider Margin trading and Futures Trading as a Highly Risky investment and not recommended at all.
Prices of cryptocurrencies, S&P and Stocks markets is highly influenced.
Price fluctuations can directly affect the value of assets or cryptocurrencies or S&P or Stocks held by you over time.
Cryptocurrencies, S&P and Stocks can gain value and become worthless overtime.
Like any other goods or assets.
Not an Investment Advice
The information provided on The Super Trades Website doesn’t represent any investment recommendation, financial recommendation, trading recommendation, or any other type of advice.
The Super Trades don’t recommend that any cryptocurrency, S&P or Stocks markets ought to be held, bought or sold by you. And you should not treat any of The Super Trades website’s content as a financial advice.
Accuracy of Website Information
The Super Trades provides all information as is. You should use all of these information at your own risk.
The Super Trades will strive to ensure accuracy of all information listed on this website, Although The Super Trades don’t hold any responsibility for any wrong or missing information.