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I think it’s everything that lets us test and connect to any TradingView trading indicator in the past. So let’s jump right in. [Applause.] Hi, traders! I hope you are doing very well. My name is David, and this is my channel. I find trading strategies on YouTube and the web, then I use code to find the good ones and debunk the bad ones. Today, we’ll look at a new tool I made for training view. It’s an indicator for training view that lets us backtest and also click to bot any indicator on tradingview, whether it’s closed source or open source. I’ll go right over to the computer and show you what it can do, because I think it’s a very useful and interesting tool. Butbefore.
Please like and subscribe if you liked the video.
You can add all of my indicators; the links are in the descriptions. We head right for my computer. Okay, so I had the idea a few weeks ago when I was trying to find ways to improve my trading strategies. Setting up the best conditions
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I made a tool called Optibut with Bot. I talked about it on a live stream.
It’s not the same tool as it was last week.
The name of this one is “bodyfire,” and it was.
I talked to all of our members on Discord while I was in a live chat.
That guy asked me how we could use the template right now. The boilerplate is the performance tables and the connection to bots. This is all done with a script that I wrote to work with any indicator on training. I thought about this, and this is what I came up with. So, let’s say you have your market cipher at the bottom and you want to connect it to bots. You also want to be able to add things like stop losses, take profits, use an ATR or some other way to take profits, etc. When I do all of that with limit orders and just a few clicks, this is where Botify comes in; it’s this tool that actually makes the signal.
Based on the green dots in Market Cipher, it could be any tool.
In a moment, I’ll show you some more examples that actually show you the results of back testing inside the trading view.
So you can see the results of the back-testing. Here, you can connect the green dots directly to bots. So, let me quickly go into the settings to show you how it works.
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That means that the David Tech indicator is fine. All of the good information is here, but I moved it to the top. Here are some examples of entries that have an indicator. Now, if you come here, you’ll find our source of indicators. So you’ll be able to choose where an entry came from.
One big problem is that you can only enter longs and shorts, so you’ll have to add the indicator twice.
Maybe you should have two plans, one for long trades and one for short trades.
That’s something I’ll work on in the future. So, if we’re looking for these green dots here, Market in view man, choose Market Cipher, we actually have green dots that tell us where the bottom is here.
The WTI bullish divergence is what those green dots represent. Justhere.
If I now click there, that will go away. It will figure out the deer, the competition, and the news strategy for us and give us back-testing results for that. Okay, so we can choose the direction as long or short, and we’ll have our baseline entry. Now, the baseline entry gives us a few options. For example, if you’re using a Bollinger band or a Kelpner channel, you’d want the price to cross above that indicator. Accept your application. This is a green dotso, and we want to get in when the price goes over a certain level. How do I know this, though? I go to OKover here, and if I click the data tab here and roll over a green dot, as shown here, a green dot will give us a value in the sidebar over there under the WT bullish. Just there in the corner gives us a minus 47, so we know that minus 47 is where we want to be for our entries. If I go away and then click on this cog up here and type something, it has to go below one to take our entry, so we’re.
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Looking for a level below zero for our entry, or you could write -1 depending on the chart you’re using. I’m going to write minus zero, and it will go away and do our calculations for us.
It has only one entry, which could be because I made a mistake. Let’s do a minus one over here, and I’ve also added mate D’s confirmation. Let’s also get rid of that. If you’re looking for entries or confirmations, I’ve also added quite a few things here. I’ve built in a couple of other indicators so that you can add more. And if you go down, we have two choices: take profit or not.
So, as I said earlier, all of this is already built into the indicator. You can connect this to bots, and I’ll show you how after. how to do that in sixty seconds. For example, if you wanted to take profit with r and r and an ATR, the ATR would be lower than the price. That will be our stop loss, and we will use the risk-to-reward method.
We can scroll down here and see that the risk-to-reward ratio is 1.3. That is, we have our entries. You can see where your entries and exits are on the chart, and you also have a dashboard. I’ll tell you where your power is and where you can get in. Your most recent stop-loss orders and your last take-profit orders We have a table of results here.
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Here are our win rates and other information, and if you click here, it will test that strategy in the past. So, Market Ciphers GreenDots is what you should think about; please choose Market Ciphers GreenDots. If you use the ATR as your stop loss and a risk-to-reward ratio of 1.3, you’d get this graph. The tables above also give you a lot of information.
Now, it can be used for more things.
At the end of this, I’ll give you an example of how to connect two bots. Do a four-example example. If you are using GPT, you could also use it to make an indicator. So, let’s go away and figure out how to use Check GPT to make an indicator and connect it to bots. Okay, I’ve already set a small example here. This is because the jetGPT event goes down, and I didn’t want to wait for it to come back up, so I asked a developer and gave it some hints. Hey, you’re a private script, are our prompts.
Developeri. I need you to make a primary screen, an indicator, and three indicators. The three indicators are three plotted EMAs. The first is 20, the second is 55, and the third is 100. A green dot appears when the first is above the second and third and pointing up the plot. Since the Green Dot gave us the entry, we will plot a Green Dot on the training view. sosure. As a developer, I know that it goes through uh and gour code. That code has a couple of mistakes.
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Before you go and copy and paste those mistakes into a trading view, I’ll show you how to fix them. The first was that I wanted the EMA1 to rise, which gave me this extra code, changeEMA greater than zero. Then there will be trouble. Make sure that GPT doesn’t add a DOT color to the withcolors variable. Just like here, you can see that the dot color says “red” at the top, and it’s a dot. Because colorthat causes a lot of problems, I always add: “The colors are causing a bug.”
Can you add the colors to the dots? a color with a dot to each color in the code. Our first bug will now be fixed. It’s gone through a dot, as you can see. Colors The last thing I want to ask is: are you in training? If you’re trying to plot something, you have to be inside the shorthand. You can’t put an if statement inside of itself.
It’s not going to work. Soas again. I’ve said, “If the statement is causing a bug, can you write a shorthand and replace the plotclose with the plot shorthand code, so that it’s done like this?” At its most literal, this is a shorthand way of saying it. So it’s giving us a shorthand code, which is
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Our if statement is inside a variable, and this replaces that variable. If statement here, which might be a little hard to understand, but it’s gone. This code is exactly what we need, so I’m going to take it over to training and copy and paste it. It will take a few seconds, and it should work just like this: “Okay, so I literally copied and pasted over here.” I’ve changed it to version five, as you can see.
Here, you do need to put the version at the top. This is what it would have said. Four, uh, I went over here and pushed a button that says “convert to version five.” I’ve done the same thing over and over again. The code is exactly as it should be, so it’s changed to five, which gives us our code.
I just added it to the chart up top.
The next thing I need to do is make sure it’s on the chart. As you can see, I have my three EMAs set up as they should be. If I go back to botify and then to the Cog, we can find our new indicator in the indicator source here and find the EMA entry. As I said in the chat GPT, the name of the plot should be Entry. Let me take a look here. The entry with the green dot must have a title. The title is now visible in the tree.
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That means that when we go back to our training view, we’ll be able to find it easily. It’s the 3 EMAindicator, and the title is entry, so we clicked on that, which is great! Now that we have our entry, we need to change the baseline, just like I did before for a market cipher. We need to go into a level when it passes a certain point. Now.
Why? Because we want to know if those green dots are really plotted at price. If you want to make a chart entry when the green dot appears, the price or close will be the candle above that dot at that value, so we’ll ask for it to be above a certain level. that will be more than zero. The reason for this is that if the temperature is below zero, the green dot will be hidden and won’t show up on the chart at all. So we’re looking for entries where it’s above zero. If it doesn’t find any, it will leave and figure out that there won’t be any confluence at all.
You can say things like “McDonald’s and Starbucks” and other nice things. We’ll leave or take profits based on R and R and ATR, so a R and R of 1.3 on an ATR indicator means that we’ll leave or take profits. So that’s how it works. We’ll wait and figure out our plan. As you can see from the green dots, our entries are made exactly how we want them. Losses are set to the right amount.
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