Signing up for BlockParty gives you access to 4 channels dedicated to giving you the world’s best crypto trading information.
We publish trades, news and give you access to our custom trading view indicators. We also host a vibrant, friendly international trading community where you can discuss all aspects of trading.
This service is an expanded, evolved version of what is usually referred to as a signal group. We realised that whilst receiving good quality trade signals is a viable offer, we wanted to offer more to our subscribers so we give you access not only to the trades but also to all the tools that we use to create them.
The Channels can be accessed from anywhere using Telegram Messenger or via the login area on the BlockParty Trading Website.
All results are compiled by independant 3rd party platform Anny.Trade
NEXT
Alpha Suite
Alpha Suite
The Alpha Suite consistes of 3 Tradingview indicators – utility tools to aid you with trading and helping beginner and experienced traders alike to spot opportunities in the market and avoid bad times to trade.
The Alpha Prime is a chart overlay based indicator that is built to aid with identifying TREND DIRECTION & SUPPORT, RESISTANCES, PIVOTS & VOLUME REVERSALS. Along with predefined Multi-Time Frame Moving averages to always know the trends and key potential price action points.
This is an Oscillator powered by RSI & and BlockParty Bespoke Momentum Wave to isolate Divergences and key market reversal opportunties
How to add your BlockParty indicator on Trading View
Once you have completed a subscription to either BlockParty Labs or Signals your custom BlockParty indicators will be added to your Trading View account. You will receive a notification on Trading View to let you know that the indicators are available. To use them you will need to add them to your charts;
1. Load up Trading View and load any chart.
2. Hit “indicators” on the top taskbar;
3 Then select “invite only scripts”
4. Now add the indicators to your chart set up by clicking on them.
PREVIOUS
BlockParty Signals - Overview & Results
NEXT
Alpha Prime
Alpha Prime
The Alpha Prime is a chart overlay based indicator that is built to aid with identifying TREND DIRECTION & SUPPORT, RESISTANCES, PIVOTS & VOLUME REVERSALS. Along with predefined Multi-Time Frame Moving averages to always know the trends and key potential price action points.
Support & Resistance
These lines represent key support & resistance levels – integral for helping spot key rejections and breakouts
It is important to looking for the change in colour of the support and resistance zones to signify a flip in support or resistance or when the price is within these zones which means there could be some price action incoming – combine with is with other indicators to help give you a potential direction.
You can update the settings to make them more or less responsive to fewer or more pivot points or more or less confirmed. It is advised to play around with the settings to find what you are comfortable with and what suits the timeframe you are trading on.
Multi-Timeframe Moving Averages
These EMA’s (Default: 20, 50, 200 Timeframe: Daily) – can be changed to preferred length and custom timeframe
The defaults are quite important as the 20, 50 and 200 Daily moving averages are amongst the most popular periods and timeframe in trading – this means a large number of traders are following them. This is significant to both confirm trend direction but also can be used significantly for Support and resistance. At BPT we set the extra MTDF EMA to the 200 Week moving average for BTC – another very significant moving average.
Weekly Pivot Points
Pivot Points, these are set to a default of weekly and the key to using these is when there is an “untested” weekly pivot point there is usually and extremely high change of the price revisiting this area between the high and low – which helps dramatically with setting targets. Untested basically means that there have been no candles (Approx 1hr+) close within the shaded areas. Simply,very effective.These take the previous weeks average price and average highs and lows to give the area.
Whilst the Pivot Points work on the previous weeks highs/lows and middle averages, the Future Pivot Point does a very similar thing but is a real time pivot point so in theory will show you the incoming Pivot Point (or the Future Pivot Point in this case). This works exactly the same in theory as the Pivot Points but in real time. It can be used excellently with the Fibonnaci Retracement levels to help stop bounces or rejections.Please note these reset every Monday so they become stronger closer the week “close”.
A Super Trend is a trend following indicator similar to moving averages. It is plotted on price and the current trend can simply be determined by its placement vis-a-vis price. It is a very simple indicator and is constructed with the help of just two parameters- period and multiplier. These can also be illustrated by colouring the candles to help identify the trend quickly.
Tip:
Play around with the settings as different assets have different levels of volatility that will impact the super trend differently making it more or less effective.
The theory of the TD9 works similarly to the concept of order blocks with 9 candles in a row being lower than the previous close. This usually indicates being heavily oversold and a reversal is incoming. Used in confluence with support and resistances or Fibonacci Retracement it can be very strong.The labelled “9’s” are trend based so only will appear with the direction of the trend of the market.
Tip: It is important like with all signals to not rely on them independantly but with support and resistance and ideally with the longer term trend aim to sync these with some of the higher timeframe moving averages and also the auto support and resistance.
These are bespoke signals that follow a unique algo to identify potential exhaustion in short-term trends and potential reversals. Great when used in confluence with support/resistance and oversold/overbought zones – these are only triggered when above the slow EMA (200 EMA is default)
Tips:
Look at these in the same way as TD9’s as they operate with the same logic – again always use in confluence with other indicators including volume
Trending Signals
The Long and Short Trending signals are based on a confluence of multiple trading indicators that will help define a likely start and also continuation of a trend
Volume is everything in trading – it can identify market moves before they happen. Although it can often be quite misleading – does large volume mean a Pump or a Reversal? Well, both actually. The yellow squares represent significant spikes in volume that can result in a pump (Breakout) or Reversal. Reversals are often support by big candle wicks which the signals will help you identify. Where as big volume spike (Yellow Diamonds) through a key resistance can help identify when it is a pump/breakout – which is what these signals will signify
“Pullbacks” are some of the more reliable signals within trading strategies and very simple. We are just looking for a little bit of selling pressure during a strong trend and taking advantage of that small dip for a stronger entry. You can change the sensitivity in the settings to make them more frequent or more confirmed, these are all based around the RSI to help confirm the pullbacks
If these are turned on then these will automatically populate the alert messages with predefined key information, please see an example below:
Direction: VOLUME
Type: Volume
Signal: Volume Spike
Exchange: BINANCE
Asset: #USDT_CFX
Timeframe: 240
Price: 0.0988
If this is switched off then the key information will not be added, this is preferable if using the alert messages for automated trading integration.
Trend Change Alert – This is multiple confluences to define a switch in short term trend – these are also filtered by the Slow EMA and only trigger when trending in the continuing direction
Resistance Rejection – This occurs when the RSI is Oversold or Overbought and the candle is bouncing off the support or resistance when trending with the Slow Moving Average
Volume Breakout – This occurs when a candle with significant volume breaks through a key resistance.
TD9 – These will only trigger when trending with the slow moving average and a TD9 fires.
Exhaustion – Similar to the TD9, these will only trigger when an Exhaustion signal prints when trending with the Slow moving average
RSI Pullback – These occur when the RSI goes oversold when above the slow Moving average or when the RSI goes overbought and below the slow moving average
All Bullish/Bearish Moving Averages – These occur at the point when all 3 moving averages are trending in the same direction: Bullish = Fast MA above Medium MA above Slow MA
Bearish = Fast MA below Medium MA below Slow MA
Golden/Death Cross – This is when the 200 EMA crosses up or down on the 50 EMA
Volume Spike – These trigger when a yellow diamond appear, which illustrates an unusual spike in volume.
Contrarian Resistance Rejection – These will trigger when there is a rejection from a resistance or support but not with any confluence from the slow moving average
Alert Messages
This is where you place the alert message if you are sending it via API or simply to yourself as an e-mail. If you want to send it to a bot then delete anything already in the box and deselect the Auto Add Asset Variables.
PREVIOUS
Alpha Suite
NEXT
Alpha Trend
Alpha Trend
ALPHA TREND
This is a framework style indicator is based on helping to identify trend lines and breakouts quickly
Trendlines
Trendlines are incredibly important in trading and these are auto populating trendlines lining up the highs and lows to give you a quick snapshot of what the market is doing.
Fibonacci Retracement levels are a widely used tool and a self-fulfilling indicator that so many traders base analysis on that the levels become support and resistance. Auto populating Fibs will never be as accurate as manually drawn on levels although help build a quick picture of key bounces or rejections in conjunction with the highs and lows.These have bespoke aesthetic lines that are deemed as the key retracement lines and also the target “Take-Profit” lines.
The Session VPSV gives a finer Daily breakdown of volume profiles to see the most active price points on a daily basis – excellent for identifying those key points of price action and support/resistances.
The ZigZag line has a lot of uses and strategies that it can be used for ultimately it really helps you identify the waves within charts connecting significant highs and lows.
ABC Pattern Trade Set-Up – This includes a full suggested ABC Breakout trading pattern set-up with entry point, Stop-Loss and an adjustable Take Profit target that is found in the settings.This is most effective in a confirmed trend although is highly ineffective during periods of consolidation and ranging.
Please note that there is not an available alert for this signal due to issues on Tradingview with the Alpha trend script.
The one oscillator of the Alpha Suite – built solely to identify the reversals. This is done by tracking the RSI, The “Wave” (Custom built wave to track price momentum) and Divergences.
The “Wave”
The “Wave” is custom built, to help identify the price momentum making potential reversals easier to spot. We use the Oversold/Overbought Levels to identify when this may happen. When in a trending direction then using the 1st Overbought/Sold level is a good gauge on a pullback whilst when not trending then using the 2nd level would be a better gauge on a market reversal. When it is trending and the 2nd level is breached then that’s a very strong signal.
The RSI Osillator
This is slightly different to most RSI’s in that the centre point is around 0 instead of the traditional 50. Otherwise it operates exactly the same as a usual RSI would. The Overbought and Oversold Level 1’s will act as the key areas to identify a potential reversal here. Using the 0 as the centre line helps track the RSI comparatively to the Wave from a visual level far better.
The MFI is quite simply money in, money out – but mainly a really good barometer of a trend direction. This is especially useful with the Alpha Wave to use in conjunction with pullback trading, essentially waiting for small dips in a trending market, one of the more reliable and popular methods of trading. Whether it is the Wave or RSI or Divergences when using any of these in a trending market it becomes a very strong way of trading.
Divergences are a very old school and reliable method of spotting reversals in the market and across multiple timeframes. These are simply when the relative price starts to move out of sync with the price movement on the given timeframe, very simplified.
Additionally there is the option to add hidden divergences and also divergence channels to see them as they are forming.
The heatmap is based on Total Altcoins Volume (Excluding BTC), BTC Price & Bitcoin Dominance. This basic formula will reliably let us know if volume is flowing in or out of the Altcoin market. It uses MACD’s, a lagging indicator which unfortunately means that there is a delay although for the longer term bigger moves it can be very reliable for big shifts in the market sentiment. The heat map helps lead up to these moves.
To help identify the moment the sentiment shifts is the small green/red dots – this can be done with anticipation via the heat map – but for those of you who like confirmed signals then these will help.
If these are turned on then these will automatically populate the alert messages with predefined key information, please see an example below:
Direction: VOLUME
Type: Volume
Signal: Volume Spike
Exchange: BINANCE
Asset: #USDT_CFX
Timeframe: 240
Price: 0.0988
If this is switched off then the key information will not be added, this is preferable if using the alert messages for automated trading integration.
Wave Dip/Peak – This occurs when the “Wave” goes heavily over bought or over sold and reverses to help identify a potential reversal in the price
Wave PullBack – This occurs when The “Wave” is below or above the 0 line and inversely the RSI is is respectively in an overbought or oversold position indicating a pullback opportunity.
Wave Divergences – These are regular Divergences using the Wave as the base – please note there is a 3 candle delay on these printing
RSI Divergences – These are regular Divergences using the RSI Oscillator as the base – please note there is only a 1 candle delay on these printing.
RSI Hidden Divergences – These are Hidden Divergences using the RSI Oscillator as the base – please note there is only a 1 candle delay on these printing.
Alert Messages
This is where you place the alert message if you are sending it via API or simply to yourself as an e-mail. If you want to send it to a bot then delete anything already in the box and deselect the Auto Add Asset Variables
These are great alerts to use for both DCA’ing out of hanging deals or equal to accumulating a lot of an asset at strong buy points. It is recommended to use either the 12 hour or Daily timeframe to set these alerts or they can trigger quite frequently for this kind of strategy.
PREVIOUS
Alpha Trend
NEXT
Market Scanner
Market Scanner
Market Scanner
Our Market Scanner pulls trade information from over 530 crypto trading pairs alerting you to tradeable technical signals. It produces over 100 unique, reliable trading signals per day.
How to Trade using the Market Scanner
One of the most under utilised tools in the BlockParty fleet is the Market Scanner. Designed to allow you to access the same signals that trigger premium trades, the Market Scanner is essentially a price action alert service. It tells you which charts to check and the direction the assets are moving in, whether you trade and indeed profit is then all down to you.
The market scanner shows you the alerts that we then build into trades in the trading channel. Because we apply risk management we often reject signals either because of the condition of the wider market or because the signal exceeds our risk threshold requiring too large a stop loss or because we already have too many positions open and therefore too much market exposure.
If you want a higher frequency of opportunities, to take more risk or to adjust our signals to suit your style more the market scanner gives you access to a 24/7 stream of tradeable opportunities.
I would suggest that you also have available the BTC chart, the BTC dominance chart (BTC.d on Trading View) and the BPT newsfeed to hand. Prior to trading check that BTC is either in an uptrend or at least relatively stable. For example in a ranging market try to catch it on the bounce. If BTC is falling and dominance is increasing then volume is being sucked from ALTS and despite your analysis being correct your trade will likely fail. All trades are made at your own risk so start with paper trading or theoretical trading until you are confident in your analyisis.
Example Market Scanner signal;
The volume of market scanner signals should give you plenty of opportunity to test your analysis and preferred trading style. We’d recommend recording all your trades and your entry reasons as well as the background circumstances (BTC movement, BTC dominance and any news around the project you are investing in). Use these notes to refine your trading style and preferences. Happy Trading.
PREVIOUS
Alpha Wave
NEXT
Trading channel
Trading channel
Trading channel
Here we publish daily trade signals complete (called Premium Trades) with full analysis, daily macro & micro BTC updates to help stay ahead of the market as well as trade updates and results. We maintain a 60%+ win rate on our spot trades (using a 1:1 risk/reward ratio) and since we use only BPT tools to create these trades you can follow along exactly so we all profit together.
How to enter Premium Trades
Premium Trades are often the entry point for a lot of BlockParty Traders. They are simple and require only a small amount of knowledge initially. As you progress and become more adept at trading or even begin to develop your own personal trading style they can be adapted to suit your needs. We’ll come back to this later.
We look to publish multiple trades per day where we see good entries and price movement. We anticipate you having up to 15 of these trades open at a time. The frequency is important as we are often looking to take advantage of bullish periods.
The trades are based on current trade analysis so we are looking at the here and now and the immediate future. We are not taking a long term projection into account when opening these trades. For example we may be long term bearish on Dogecoin but see the ability to make a quick 10% in a trade.
Premium trades should form part of a diverse investment strategy. They are primarily used as a way for new traders to quickly build some capital, as a way to determine your personal risk tolerance, your attitude towards loss (it’s a big part of trading!) as well as teaching you the importance of clearly defined exit strategies. They sit apart from our DCA bots and HODLs in their active use of clearly defined and pre-set stop losses.
Employing stop losses allows you to remain liquid in market corrections or crashes or to simply take another opportunity quickly if a better one appears.
For more advanced traders premium trades can be a consistent profit source, trading will in good market conditions often out profit automated trading. Ideal conditions for these types of trades are a bullish BTC with declining BTC dominance. I.e we want to see Bitcoin prices increasing and the profits from BTC flowing into more speculative alt positions. We have a video on this market cycle on our YouTube channel.
Allocation
Because we are going to have multiple positions open and because we will be trading with Stop Losses we look to allocate a small % of our total trading allocation to each trade.
We give the exact amount (as a percentage) that we are investing in the trade as part of the published signal.
This amount fluctuates because we work with stop losses and a risk first trading system.
The size of the stop loss determines how much we invest as we set a ‘max loss per trade’. If our max loss per trade is 1% then we adjust the amount invested according to the stop loss to ensure that the potential possible loss is capped at 1%.
For example if our Stop Loss is -10% then we can invest 10% of our total allocation because hitting stop loss at minus 10% means that we lose 1% of of our total investment.
Total Allocation = $100 Amount invested = $10 Stop Loss = -10% Total loss = $1 (1% of total investment)
As the required stop loss moves rather than risk losing more or less than 1% we adjust how much we invest.
Trades will be posted in USDT, BTC and USDT Perpetual Futures pairings. Although the chosen base currency will depend on the market as a basic set up we would suggest having an equal split of BTC and USDT with about 10-15% of your total allocation for Futures trades (should you wish to trade with leverage).
Take Profits
Take profits derived from the Stop Losses with a 1:1 risk reward strategy so if a SL is -10% our TP will be +10%.
We also include stretch TP’s. We work 100% to TP 1 but you can split your allocation between the two targets or even work exclusively to the stretch targets. Either follow our prescribed set up or adjust to suit your preference.
If you find you are missing entries then you can automate these trades via a service called Anny. Links to automate are included on each signal.
Example of a Trading Channel ‘Premium Trade’;
Summary
Premium Trades are short term trades designed to provide quick profit and maintain your liquidity (especially important when also using DCA bots).
This is real risk managed trading that is sustainable. We trade through bull and bear markets successfully as we can properly manage risk and short the market in times of correction or collapse.
Manage your trades as you see fit and be open to adapting your style to market conditions. For example closing trades in profit if the market turns, not entering trades if you are unsure of the overall market, and managing your allocation so that any potential losses are easily recoverable.
PREVIOUS
Market Scanner
NEXT
Chat and support
Chat and support
An open chat channel where you can talk to our community of over 300 traders to discuss all aspects of crypto currency, ask questions and get the help and support you need from our knowledgeable, inclusive and friendly community.
We have 3 pro-traders monitoring the chat 24/7, to get their attention simply tag them in your enquiry using the handle @BPTadmin.
We ask you to be respectful and courteous to all members when using the chat.
PREVIOUS
Trading channel
NEXT
BlockParty ImPulse Strategy
BlockParty ImPulse Strategy
“committed to transparency and education”
BlockParty Trading is a trading service that provides you with signals, news and support.
We are committed to transparency and education and alongside our signals we also give you access to, and provide training for, the indicators which we use to generate our signals.
During the prolonged bear market we worked to develop an all market, all asset, all timeframe strategy that can be used to scalp, swing, hodl and create new bots (DCA or SL) and can work in the crypto market, forex and stocks.
That Strategy is BlockParty ImPulse.
BlockParty Impulse is a suite of 4 Trading View Indicators; Impulse Swing, Impulse Scalp, Impulse Momentum and Impulse Wave. These are professional grade indicators designed to allow you to produce the same trades and results as pro-traders. Impulse Scalp is optimised for scalp trading on short term timeframes with two separate strategies the Wave and Momentum providing hundreds of signals high win rate signals. Impulse swing is optimised for higher timeframes, specifically built to ensure that you never miss a big move allowing you to place highly profitable swing and long term trades. Impulse is a point and click indicator, which gives you exact trade set ups in real time. Entires stop losses and take profits are overlaid on your chart for each signal generated.
This is the exact same strategy that under pins all of our automated products, signals, copy-trading products and allows you to smash funded account evaluations – get started in 4 easy steps
ImPulse gives you the core of BlockParty Trading. You can create your own trades eliminating the need for copy trading, you can create your own dca bots allowing you to retain 100% of your profit. Impulse includes access to the market scanner so you don’t even need a premium trading view account to motor ImPulse alerts.
An ImPulse subscription gives you multiple ways to take your trading and profits into your own hands.
Cost Impulse is available for $199pm with a 7 day free trial. The impulse package includes all 4 impulse indicators, the alpha suite, access to ‘BlockParty Signals’ (telegram channels) access to a backtesting sheet to help you trade effectively, access to 24/7 support and exclusive access to ‘Hydra Funding’. BlockParty Impulse is therefore our complete traders package.
“The goal of a successful trader is to make the best trades. Money is secondary.”
– Alexander Elder
PREVIOUS
Chat and support
NEXT
ImPulse Guide
ImPulse Guide
“nothing in trading is guaranteed”
Indicators and trading strategies can be quite a complicated and intimidating world although we have aimed to make this as simple to read and user friendly as possible to cut out all of the noise and just show you the important bits – where to buy or sell and where to take profit.
It is important to remember that indicators and strategies success is always based on its historical successes so whilst there is a good chance that the historical performance will probably lead to the expected results it is not a guarantee – nothing in trading is guaranteed. Now that the boring disclaimer bit is out the way lets get to the fun stuff.
First lets understand what everything means and then we can find out how to use it!
PREVIOUS
BlockParty ImPulse Strategy
NEXT
Setting A Trade Alert
Setting A Trade Alert
“don’t spend all day looking at charts if you don’t need to”
When using BlockParty ImPulse Alerts are set in the regular way
However before you set any alerts you will need to check to ensure that your alerts are configured to reflect your strategy.
To do this we first must look into the Impulse settings.
Impulse Scalp
First you’ll need to scroll down to Alert Management and select whether you want to recieve alerts for the Wave or Momentum strategies and if these alerts trigger at the candle close or in real time (mid-candle).
If you choose candle close you are receiving confirmed signals, if selecting real time your signal may not be confirmed but your entry may be superior.
Test both to see which fits best with your strategy.
To set the alert clock on the clock icon on the chart you are viewing.
Set the deal start condition to the indicator which you are using (swing or scalp).
Set the expiration to ‘open ended’ to be alerted every time trade conditions are met and then click onto notifications.
Cut and paste your web hook into the space provided and click ‘create’!
PREVIOUS
ImPulse Guide
NEXT
Impulse Indicators - Strategy
Impulse Indicators – Strategy
“point and shoot”
Lets take a look at how to put all these cool tools to work it is about as close to point and shoot as you can get but first it is important to understand a few things about a successful trading strategy, more specifically the Impulse strategy
Trading CheckList
Winrate: If you are expecting a 90%+ winrate then this isn’t for you. In almost every circumstance and extremely high winrate is relevant to DCA bots or strategies with a pretty poor risk:reward. They can make you feel good in the short term but will more often than not yield alot lower profit if any at all and are usually much much riskier in the long term. The reality is that this will average around 60% winrate but using on average a 1.5x risk:reward. therefore out of 10 trades based on 1% risk per trade you will end up with 4% in losses and 9% in wins giving you an overall return of 5% Net PnL which ain’t too bad.
Watching To Closely: Don’t drive yourself crazy with chart watching the whole point of this is that you get notified of an entry, you enter and then carry on with your day. We have done all of the hard work so you don’t have to. Additionally watching an asset closely is not going to change the outcome so don’t stress yourself out.
Forcing Entries: Do not chase entries, especially with scalping this will destroy your Risk:Reward ratios very quickly and long term strategies often work on quite fine margins you will only stand to make less and lose more. Aim to always get in with Limit orders as fee;s will kill you long term and slippage on market orders can be the thing of nightmares. If you miss
Taking Profit: Can you increase these….absolutely. Although it does come with conditions and circumstance. 1st step is if you are laregly in profit then secure that and raise the stop-loss to break even. Just use your common sense here – if ther is a big announcement for example in the asset. Ie Disney assigns ETH as its native token and you have an ETH trade open….then go wild.
Stop-Loss: NEVER MAKE THESE BIGGER AFTER THE TRADE IS ACTIVE outside of the minor amount suggested in the strategy – it is only on a very rare occasion this will work out for you and especially when scalping these are the life blood of you being successful longeterm
Risk: Be sure to see the risk section after this for more in depth information – although this is just as important as the trading aspect. If you approach this wrong or inconsistently then you can end up in a scenario with 20+ 1.5x wins and 5 losses but still be in a net pnl loss. Therefore remain consistent with the same risk per trade (reletive to your account) and approach the compounding of the account responsibly too – ie. compound daily, weekly, monthly…not every single trade.
Practical: Backtesting is great to give you an idea but the reality is that it doesnt know your schedule or the number of trades you may miss due to delay or bad internet connection etc. So you need to be practical about your expectations and understand
Alerts: Have a good think about how many alerts you may need as the Tradingview account will be reletive to this – if you don’t need 400 then dont get the top account. Although Alerts are the foundation of making this whole process efficient and not anchoring you to charts. The sound notifications can be time efficiency life saver.
Multiple Screens: It really is advised to have multiple screens (or one long ass one) as usually you will be trading on 2 windors minimum – one for the startegy and analysis and one for placing the trade and monitoring it. Even if using the tradingview integration it is always worthwhile to have the exchange visible to ensure the trade is set up properly and more importantly closes properly.
Tradingview: This is a non-starter without Tradingview get familiar with it and the hotkeys, ensure you have your watchlists set up and alerts cooridinated properly and above all get familiar with the “Long & Short Position” Tools and them on the favourties bar immediately!!!
Practice/Patience/Psychology: These are one and the same – this is not an overnight to riches thing, low risk trading rarely is. So you will have to train yourself to endure the losses before you enjoy the riches. You can help youself get there by utilising the paper trading function on Tradingview and become an Impulse Strategy Ninja before you risk a Sat.
Pre-Trade Suggested Timeframe: 15min Assets: Crypto Futures Top 20 Market Cap & Forex Majors Exchanges/Brokers: Higher the liquidity and lower the fees the better
Active Trade Entry Price: Signal Candle Close (Do not chase entries) Entry Type: Limit Order
Long Stop-Loss: Candle Low + Small Margin (Approx 0.1% – 0.2%) Short Stop-Loss: Candle High + Small Margin (Approx0.1%-0.2%) Stop-Loss Type: Market Order (DO NOT RISK LIMIT STOP LOSS)
Take Profit: 1.5x Risk:Reward No. Of Take Profits: 1 Take Profit Type: Market Order if leaving it – Limit order if following manually
Long Condition 1: Long Wave Signal Long Condition 2: Green Buy Zone on the Impulse Wave Long Condition 3 (Crypto Specific): Ignore if Stop-Loss is beyond 5% (This can be subjective to the asset but often it can be due to extreme movement and will often fall outside of the expected chart movement)
Short Condition 1: Short Wave Signal Short Condition 2: Pink Buy Zone on the Impulse Wave Short Condition 3 (Crypto Specific): Ignore if Stop-Loss is beyond 5% (This can be subjective to the asset but often it can be due to extreme movement and will often fall outside of the expected chart movement)
Exit Conditions 1: If candle wick has reached within 0.1% of the TP and not closed possibly due to liquidity or missed order Exit Conditions 2: Bullish FED News
Risk Per Trade: Between 0.25% – 1% per trade (Go lower if large account, large number of assets being trade or trading very frequently per day and lower if vica versa)
Automation: No
Post-Trade
Stop-Loss: Only move slightly (0.1% -0.2%) to give room for potential bounce prior to hitting stop-loss Take-Profit: Only move slightly if it is slightly on the wrong side of a key resistance otherwise it is fine to always leave
Trade Close: See Take Profit Early section – in short only close if you have a number of hedged trades (long and short) all in a profit as this is a unique scenario and unlikely to remain like that.
Examples
Good
The perfect signal meeting all confluences
Bad
Signal not meeting required confluences
Subjective/Borderline
The is a slightly grey area as you have two options to either ignore or wait for the next candle to form more to help confirm and entry.
Pre-Trade Suggested Timeframe: 15min Assets: Crypto Futures Top 20 Market Cap & Forex Majors Exchanges/Brokers: Higher the liquidity and lower the fees the better
Active Trade Entry Price: Signal Candle Close (Do not chase entries) Entry Type: Limit Order
Long Stop-Loss: Recent Swing Low + Small Margin (Approx 0.1% – 0.2%) Short Stop-Loss: Recent Swing High + Small Margin (Approx0.1%-0.2%) Stop-Loss Type: Market Order (DO NOT RISK LIMIT STOP LOSS)
Take Profit: 1.5x Risk:Reward No. Of Take Profits: 1 Take Profit Type: Market Order if leaving it – Limit order if following manually
Long Condition 1: Long Momentum Signal Long Condition 2: Blue Buy Zone on the Momentum Wave Long Condition 3 (Crypto Specific): Ignore if Stop-Loss is beyond 5% (This can be subjective to the asset but often it can be due to extreme movement and will often fall outside of the expected chart movement)
Short Condition 1: Short Momentum Signal Short Condition 2: Red Sell Zone on the Momentum Wave Short Condition 3 (Crypto Specific): Ignore if Stop-Loss is beyond 5% (This can be subjective to the asset but often it can be due to extreme movement and will often fall outside of the expected chart movement)
Exit Conditions 1: If candle wick has reached within 0.1% of the TP and not closed possibly due to liquidity or missed order Exit Conditions 2: Bullish FED News for Shorts // Bearish FED news for Longs
Risk Per Trade: Between 0.25% – 1% per trade (Go lower if large account, large number of assets being trade or trading very frequently per day and lower if vica versa)
Post-Trade
Stop-Loss: Only move slightly (0.1% -0.2%) to give room for potential bounce prior to hitting stop-loss Take-Profit: Only move slightly if it is slightly on the wrong side of a key resistance otherwise it is fine to always leave
Trade Close: See Take Profit Early section – in short only close if you have a number of hedged trades (long and short) all in a profit as this is a unique scenario and unlikely to remain like that.
Automation: No
Examples
Good
The perfect signal meeting all confluences
Bad
Signal not meeting required confluences
Subjective/Borderline
The is a slightly grey area as you have two options to either ignore or wait for the next candle to form more to help confirm and entry.
Pre-Trade Suggested Timeframes: 1hr, 6hr, 12hr Assets: Crypto Futures Top 100 Market Cap, All USDT & BTC Crypto Spot Market & Forex Majors Exchanges/Brokers: Higher the liquidity and lower the fees the better
Active Trade: Entry Price: Signal Candle Close (Do not chase entries) Entry Type: Limit Order or Market Order providing spread is low
Long Stop-Loss: Market Structure Swing Low + Small Margin (Approx 0.1% – 0.2%) Short Stop-Loss: Market Structure Swing High + Small Margin (Approx0.1%-0.2%) Stop-Loss Type: Market Order (DO NOT RISK LIMIT STOP LOSS)
Take Profit: 1x Risk:Reward No. Of Take Profits: 1 Take Profit Type: Market Order
Long Condition 1: Long Swing Signal Long Condition 2: (Crypto Specific): Ignore if Stop-Loss is beyond 10% on the 1hr timeframe. (This can be subjective to the asset but often it can be due to extreme movement and will often fall outside of the expected chart movement)
Short Condition 1: Short Swing Signal Short Condition 2: (Crypto Specific): Ignore if Stop-Loss is beyond 10% on the 1hr timeframe. (This can be subjective to the asset but often it can be due to extreme movement and will often fall outside of the expected chart movement)
Exit Conditions 1: If candle wick has reached within 0.1% of the TP and not closed possibly due to liquidity or missed order Exit Conditions 2: Bullish FED News for Shorts // Bearish FED news for Longs
Risk Per Trade: Between 0.25% – 1% per trade (Go lower if large account, large number of assets being trade or trading very frequently per day and lower if vica versa)
Post-Trade
Stop-Loss: Only move slightly (0.1% -0.2%) to give room for potential bounce prior to hitting stop-loss Take-Profit: Only move slightly if it is slightly on the wrong side of a key resistance otherwise it is fine to always leave
Trade Close: See Take Profit Early section – in short only close if you have a number of hedged trades (long and short) all in a profit as this is a unique scenario and unlikely to remain like that. (This does not apply to 6hr+ timeframe trades).
Automation: Yes
Examples
Good/ Bad / Subjective / Borderline
There is only 1 signal so hopefully they should all be good – as we rely on the conviction of the higher timeframes for confluence
PREVIOUS
Setting A Trade Alert
NEXT
Impulse Indicators - Content
Impulse Indicators – Content
“it helps to know what you are looking at “
There are 4 Indicators available – 2 Signal & 2 Confirmation Indicators, of course it helps to know what you are looking at so we will cover everything seen on the screen and in the settings before you can start trading, right!?
Signal Frameworks
Signal frameworks will sit on top of your main chart and give you indications on when to enter along with Stop and Take Profit Targets.
#1 Impulse Scalp
This is an overlay that will sit over your main chart and will predominantly produce the shorter timeframe “scalp” based signals and trade opportunities.
There are 3 main components to this indicator:
– Wave Signals (Green & Pink Triangles & Lines)
– Momentum Signals (Red & Blue Traingles & Lines)
– Trend Candles (Coloured Green & Pink)
Wave Signals
These are primarily very short-term scalp style trades that are generally more counter trend and short term reversals – they use the candle low for a long entry and the candle high for a short entry to derive the stop-loss. The take profits are derived from a risk:reward – the defaults are 1.5x and 2x but can be adjusted in the settings to a user preference. The stop-loss cannot be adjusted.
Key: Green Triangle – Long Signal Pink Triangle -Short Signal
Green Horizontal Line – Suggested Take-Profit Targets Pink Horizontal Line – Suggested Stop-Loss
These signals pair with the Impulse Wave Oscillator
Settings
– Adjust whether the Wave Signals are displayed or not by selecting or deselecting “Show Wave Signals” – Change the Risk:Reward Take Profit 1 & 2 Targets. This works as a multiplier to the Stop-Loss. For example, if you have a 2 in your Take Profit box and your Stop-Loss for the trade oppotunity is 2% in distance from the entry this will automatically place your Take Profit to 4%.
Momentum Signals
The momentum signals are slightly less aggressive and as the name suggests move with the general trend momentum for use on the shorter timeframes for scalping/day-trading style. The stop-losses are based on the most recent swing low for Long trades and most recent swing high for short trades (the sensitivity of this can be adjusted to user preference in settings). The take profits are derived from a risk:reward – the defaults are 1.5x and 2x but can be adjusted in the settings to a user preference.
Key: Blue Triangle – Long Signal Red Triangle -Short Signal
Blue Horizontal Line – Suggested Take-Profit Targets Red Horizontal Line – Suggested Stop-Loss
These signals pair with the Impulse Momentum Oscillator
Settings
– Adjustable stop-loss distance – each number represents a bar/candle on the chart and the distance that will be reviewd for the highest or lowest point. – Adjust whether the Momentum Signals are displayed or not by selecting or deselecting “Show Wave Signals” – Change the Risk:Reward Take Profit 1 & 2 Targets. This works as a multiplier to the Stop-Loss. For example, if you have a 2 in your Take Profit box and your Stop-Loss for the trade oppotunity is 2% in distance from the entry this will automatically place your Take Profit to 4%.
Trend Candles
These help simply and visually represent a general short-midterm trend direction to support the signals and sentiment of the trader. A trend in the direction of your signal will add strength to the chance of it being a successful trade.
Key
Green Candles – Bullish Trend Pinks Candles – Bearish Trend
As tempting as it maybe it is not wise to use this to purely take trades as there are huge amount of false entries.
Settings
– Adjust whether the Trend Candles are displayed or not by selecting or deselecting “Show Trend Colors Bars”
Alerts Management
Tradingview will allow you to set up to 400 alerts on the premium plan that will allow you to be notified every time the asset price meets a certain condition as stated by the indicators. You can use these to simply notify you of an opportunity all the way to automating trades for you.
– Add Timeframe & Entry Price To Message
Selecting this will automatically add the asset Timeframe and the Entry Price to your alerts if selected
– Alert – Wave – Candle Close
This section will notify you of all of the Wave Signals on only on the candle close if selected
– Alert – Momentum – Candle Close
This section will notify you of all of the Momentum Signals on only on the candle close if selected
– Alert – Wave -RealTime
This section will notify you of all of the Wave Signals once per candle (Please note these can get you into trades earlier but also lead to false signals) if selected
– Alert – Momentum – RealTime
This section will notify you of all of the Momentum Signals once per candle (Please note these can get you into trades earlier but also lead to false signals) if selected
– Entry Boxes eg. Bullish Wave – Long – Candle Close
Add any text you want to these boxes to appear on the alert – vital for automated trading
#2 Impulse Swing
These signals are primarily for the higher timeframe trades (1hr+) that operate with a breakout focus. The stop-losses are based on the most recent swing low for Long trades and most recent swing high for short trades (the sensitivity of this can be adjusted to user preference in settings). The take-profit targets can be changed between a fixed amount set by the user (the default is set to 4,5,6,7,8% which is optimised for the 1hr) or a Risk:Reward based multiplier (Default 1.5x & 2x).
There are 2 main components to this indicator:
– Swing Signals with 5 Fixed % Take Profits (White & Triangles & Lines)
– Swing Signals with 2 Risk:Reward Take Profits (White & Triangles & Lines)
Swing Signals with 2 Risk:Reward Take Profits/5 Fixed % Take Profits
Signals are generated from market structure breakouts usually the start of much bigger moves effective on higher timeframes to capture the bigger confirmed moves. The Stop-Losses for both target systems are based on the recent swing high or low of the market structure – this is adjustable for sensitivty in the settings. The 2 take profit systems are based on the Risk:Reward system – exactly the same as the Scalp Signals – recomended for the 1hr timeframe. The secondary take profit system is for the Fixed % targets there are 5 instead of 2. These are beneficial to even higher timframes 6hr+ and great to use for long term holds.
Key: White Triangle – Long Signal Orange Triangle -Short Signal
White Horizontal Line – Suggested Take-Profit Targets Orange Horizontal Line – Suggested Stop-Loss
These signals do not rely on any oscillator
The Fixed Signals Take Profits will show 5 instead of 2 but look exactly the same.
Settings
– Adjustable stop-loss distance – each number represents a bar/candle on the chart and the distance that will be reviewd for the highest or lowest point. This will affect your Risk:Reard Take Profit targets but not your Fixed % Take Profit Targets – Risk:Reward or Fixed % Take Profit Switch – On turns R:R System on Off turns Fixed % System on – Swing – R:R Multi. – Change the Risk:Reward Take Profit 1 & 2 Targets. This works as a multiplier to the Stop-Loss. For example, if you have a 2 in your Take Profit box and your Stop-Loss for the trade oppotunity is 2% in distance from the entry this will automatically place your Take Profit to 4%. – Swing Take Profit (%) – Fixed take profit % targets
Alerts Management
Tradingview will allow you to set up to 400 alerts on the premium plan that will allow you to be notified every time the asset price meets a certain condition as stated by the indicators. You can use these to simply notify you of an opportunity all the way to automating trades for you.
– Add Timeframe & Entry Price To Message
Selecting this will automatically add the asset Timeframe and the Entry Price to your alerts if selected
– Alert – Swing
This section will notify you of all of the Wave Signals on only on the candle close if selected
– Entry Boxes eg. Bullish Swing – Long
Add any text you want to these boxes to appear on the alert – vital for automated trading
Confirmation Oscillators
The confirmation oscillators will sit usually underneath your main chart and in be utilised to confirm suggested entries from the signal frameworks.
#3 Impulse Wave
The Impulse Wave works directly in confluence with the Wave Signals from the Scalp Framework. When the right confluences align then it will usually help give strength to the chance of the signal becoming successful. The signal waves main function helkps to define when there are potential reversals incoming to confirm the Wave Signal as a usually mean reversion style signal.
There are 2 main components to this indicator:
– Wave Line
– RSI
The Wave
The Wave Line helps determine when market may be ready to reverse – it tends to work more effectively on lower timeframes. It works in conjunction with the Overbought and OverSold lines with the confirmation of the mean reversion of the line (when the color or the line changes). When this occurs within the Overs Zones then it will be highlighted with the Buy/Sell Zones. When a Wave Signal on the Impulse Scalp (Easy to see as it is colour coded the same) then it will be deemed a good signal to enter.
Key: Pink Wave Line – Bearish Wave Line Momentum Green Wave Line -Bullish Wave Line Momentum
Pink Horizontal Line – Overbought Limit Green Horizontal Line – Oversold Limit
Green Highlighted Background – Buy Zone Active Pink HIghlighted Zone – Sell Zone Active
These signals pair with the Wave Scalp Signals
SETTINGS
None
RSI (Reletive Strength Index)
One of the most commonly used oscillators – the Impulse RSI has a very small amendment that uses the values to set the RSI parameters to as the the average of the open, close, low and high of the candles instead of the candle close price. We find this more helpfuly to determine Divergences (See Impulse Advanced Section). Otherwise it can also be used in the traditional sense for spotting the overbought and oversold points in the market, trend direction/momentum or even to identify market breakouts. It is worth doing wider research on the RSI – we included it as it is a very useful utility to have although it does not directly determine any of the signals take in the impulse strategy although advanced traders can start to use it to filter out signals even further.
Key
White Line – RSI
Settings
RSI Length – This is the traditional setting for RSI Length in that it will determine the RSI based on this number of previous candles Source – This is where you can set what the RSI value is based on, in this case we use the average of the open, close, low and high to give a better over all value for divergences.
#4 Impulse Momentum
Momenutm oscillator helps give a confirmation on market trend. There are 2 components to it that give the overall direction of the market and the other is the momentum (or velocity at which it is moving). When the best conditions are met then highlighted buy and sell zones are shown.
There are 2 main componetnts:
– Directional Index
– Momentum
Directional Index
In essence this will help determine which direction is more in control, the blue waves…mountain range…is the bullish movement and the red is the bearish movement. When one exceeds the other then they are effectively now in control. When the bulls are in control then looking at long trades are beneficial and vica versa, when this occurs and the Momentum Line is above the threshold then a buy zone or sell zone will appear.
KEY
Blue Mountains/Waves – Bullish Directional Index Red Mountains/Waves – Bearish Directional Index Blue Highlighted Background – Buy Zone Red Highlight Background – Sell Zone
SETTINGS
None
Momentum
The momentum gives an indication of the “liveliness” in the market and will help ultimately avoid the periods of consolidation that are often the worst and most unpredicatable times to trade. When the momentum line (Indicated by the white line) is below 20 line (indicatred by the horizontal dottted white line) this can be deemed as periods of low activity and consolidation thus bad times to trade. When it is a bove then it is showing that there is enhanced activity/movement in the market and a better time to look at trades as a potential start of a trend may be occuring. It is important to note that this is a lagging indicator so it does not react instantly therefore actually looking at the direction of the momentum here can also be key for more experienced traders to help confirm a trade even before the exact parameters are met in a mechanical sense.
KEY
White Solid Line – Momentum Line White Dotted Line – Momentum Threshold
SETTINGS
None
PREVIOUS
Impulse Indicators - Strategy
NEXT
How To Add An Indicator
How To Add An Indicator
“The journey starts now”
How to add your BlockParty indicator on Trading View
The journey starts now, once you have completed a subscription to either BlockParty Impulse Strategy your custom BlockParty indicators will be added to your Trading View account. You will receive a notification on Trading View to let you know that the indicators are available. To use them you will need to add them to your charts;
1. Load up Trading View and load any chart.
2. Hit “indicators” on the top taskbar;
3 Then select “invite only scripts”
4. Now add the indicators to your chart set up by clicking on them.
PREVIOUS
Impulse Indicators - Content
NEXT
BackTesting & Assets
BackTesting & Assets
“Data is everything in trading”
Data is everything in trading – here is all of the compiled backtested data and also blank models for you to create and log your own
Blank Backtest Sheet – Make a copy and edit for your own research.
How to complete;
Strategies and timeframe tabs are accessible across the bottom of the document. Select the trade strategy and timeframe you wish to test and rename the tab with the time frame ( E.g Crypto/Forex (wave) 15m to help you quickly find the data in future.
The data is ordered in time periods with notes about general market conditions to help give context to the results you produce.
Under asset select the asset you are backtesting.
Now on the chart for that asset use Alt V to draw vertical limes identifying the time period which you are testing take note of the total number of trades within this period and next to ‘asset’ on the backtest sheet note how many trades occur in total.
Work back through each trade, first recording the stop loss in the Stop box pictured below. This running total of stop losses gives us an average stop loss for the asset being tested in the time period tested.
Then record whether the trade hits TP1, TP2 or Stop Loss in the tally box. Only enter the final target hit (for example if the trade hits TP2 there is no need to also record the TP1 hit, the formula assumes it, similarly if the trade hits TP1 and goes on to SL there is no need to record the SL. Again the formula assumes it).
Now take the ‘Total’ figure and enter into the ‘Wins column for target one and target two. This will give you a running total of your results as you work through the backtest.
Notes
Once you have completed backtest data you can adjust your % of capital risked per trade (amount lost based on investment if SL is hit), the total allocation & cost of slippage and fees (exchange dependant) to simulate the expected results and returns.
This will allow you to find optimal set ups before you start.
PREVIOUS
How To Add An Indicator
NEXT
Impulse Advanced
Impulse Advanced
“improve, improve…improve”
The world of trading is a big place and it pays to learn and apply advanced methods where possibel to allows help give you the edge always aim to improve, improve…improve. Here is a checklist of some further tools and tips you can use to advnec your use of the Impulse Strategy.
PREVIOUS
BackTesting & Assets
NEXT
Risk Management
Risk Management
“its easy to be profitable, it’s extremely hard to remain profitable”
If you can master risk within trading then it ultimately just becomes a game of probabilty…and if you happen to have a strategy that’s probabilty puts profit in your favour then everything becomes much more straight-forward. Here are the key tips to ensure you are always in control of your risk. This is not a guide on how to spend your money it is a guide on the reality of trading and the areas of risk to be conscious of – at the end of the day – Your Money, Your Responsibilty. If something is not working for you it is your responsibilty to know when to reduce the risk, reduce the investment or just stop altogether and none of this constitutes finnancial advice.
– Risk Per Trade – Arguably the most important part of this strategy is to ensure the risk remains the reletive and consitent per trade. What does this mean exactly? Basically if a trade hits the Stop-Loss you will lose this much in $ or % of your total trading allocation. It is very different from using a fixed investment per trade as if your stop-loss changes at all then so does the potential loss, and ultimately using a strategy with the exact same stop-loss for every trade should raise some questions! Unfortunately there isnt one number that fits everybody but it is not too hard to work out. The key factors in deciding this is: – How frequent are you personally trading – How frequenct are the opportunities for your strategy – What is the general expectation of time in trade – What is your appetite for loss on a single trade/multiple concurrent trades – How much time and understanding do you have to be able to manage trades – The size of your balance and $$$ or % expectations – Optional: Limitations due to Funded Account Evaluations/Rules – What is the conviction rate (winrate for example) for the strategy
Using the above as a simple jumping off point to to narrow down what kind of risk % you should be applying to each trade. A couple of examples:
Scenario #1 – Strategy with high conviction, good appetite for risk, trades are open for long periods of time and only able to trade a couple of times a week – I would be allocating alot at around 1% per trade
Scenario #2 – Strategy is high frequency with low conviction but high risk:reward, using a big balance and have alot of time to dedicate to trading – I would be allocating a small amount at 0.1% – 0.15%
– Trading Balance – As they always say only trade with what you can afford to lose. Ultimately nobody wants to lose anything but the more important aspect here is using capital you can afford to live without as it may simply be tied up for long periods of time – therefore if its critical to living then DO NOT USE IT. Some good tips for balance to use and what to not use:
– Loans and Borrowing is a super bad idea – you can end up exponentially worse off which will only drive worse decisions from it. – “Replace Function” If you want to grow your balance then use the “Replace Function” – utilise money that is spent on take-aways, fast-food, alcohol etc. and channel that into your trading balance as you are turning a guaranteed 100% loss into a potential profit, whilst also being a little healthy. Alcohol is a great replacement as its a terrible idea to drink and trade – trust me, YoLo’s don’t feel so smart in the morning! – Capital Ear MArked for traditional savings – As per Strategy Allocation below it is advised to not use all of this but ultimately with the current annual interests of banks and inflation – leaving your money in the bank will ultimately lead to loss. – Do Not dramatically extend your lifestyle after one big win – ie – don’t get a Tesla on finance after a good month of trading. Trading has its ups and dramatic downs. Until there is enough water under the bridge with consistency in strategys and profit then don’t over extend as the profit can disappear….the bills won’t.
– Manage Expectations – It is ultra-important to manage your expectations – the reality is that 5%-10% a month is simply unbelievable returns but very achievable in Crypto and with the right strategy. Extending beyond that accepting a little more risk can yield 10%-20% but as you target more then risk exponentially increases therefore having a target of 5%-10% within your risk limits per month is perfect and anything more is a huge bonus. Using the general parameters will help guard you against blowing up accoutns and even fitting within Funded Account rules. The reality is that to trade like a “pro” you have to practice very conservative risk management which usually means unless you are trading usually with about $100k+ balance then it is probably not going to be a the primary source of income, when trading with less people are inclined to up the risk to meet their target $$$ dollars, this is an exceptionally dangerous way to trade. Before committing to any targets, goals, increased risks always ask if you can sustain the worst case scenario – if not then re-evaluate.
– Strategy Allocation – Never allocate 100% of your capital to one strategy or investment vehicle. Try to diversify where possible or just simply ensure you sideline capital. Lets look at an example of this.
(25%) Main Strategy(‘s) -Target Yield – 5%-10% pcm – – Active Trading Strategies with focused risk management (This can mean higher allocation automation, swing/day trading strategies etc.)
(50%) No-Risk – Target Yield 0.5% p.a – Sidelined Account usually in stable coin (USDT/USDC)/bank/gold – most importantly on an entirely different platfrom/wallet/broker/exchange
Firstly, this is not a black and white allocation ratio – that is completely reletive to each persons appetite for risk and available funds. It may seem very low and the temptation to increase will be high although the reality is if you lose everything in the Main Strategy & Low Risk Strategy….Can you start again – if its a no then you are over allocating. You can win 1000 times but only have to lose big once to lose it all – remember you don’t only lose due to bad trading or strategy. It can be due to technical errors or malicious activity. Take FTX for example.
– Exposure Risk Limit – This is a pretty straight forward rule – how much are you willing to lose in one pump/dump basically. This is where monthly/annaul profits can be completely lost in 1 minute when over exposed. So have a cap. The ultimate goal is to control the frequency of trades so that you are rarely meeting this limit although never in a position where you are missing out on several opportunities because of it. IF you are then it will be a case of revisiting your risk per trade and reducing it. If you are never getting close to it then revisit the risk per trade and increase it. As a rule of thumb you want to have this some where around 25% of your expected monthly pnl as it will always give you plenty of opportunities to regain a foothold and not wipe out your monthly profit on the last day!!!
– Frequency – Very important to understand that in Crypto for example the market follows BTC so if BTC dumps/pumps then there is an extremely high chance your trades will pump/dump. Therefore if you receive 25 alerts at 5pm then it is likely that all of those trades will be subject to the same movement at the same time as BTC – so even if they are perfect opportunities it only takes something like China to ban Bitcoin for the 400th time to sink the market and potentially all of your trades. Therefore the solution we find best in this scenario is to give yourself limitations – such as only 1 or 2 trades per hour, 1 trade per 15mins or even absolutely every single trade the strategy notifies you of. Providing there is complete consistentcy and a balance of division of the frequency of the opporutnities then the strategy become much much more in line with the backtesting expectations and ultimately the expected monthly Net PnL. Not having consistency here is essentially like changing your risk per trade which will heavily put the risk management out of skew.
– Compounding – Lastly, compounding. In theory – absolutely brilliant and if it worked in practice all the time just like every new traders “pnl models” then we would all be billionaires. Unfortuntaely the reality of compounding is that people forget it works both ways – it additionally makes things like tracking your strategies and your balance closer a lot harder to do. Therefore the general solution we found that compounding it at chosen intervals. Such as daily/weekly/monthly – doing it per trade can lead to a disarray of expectations and if doign all risk management and calculations manually alot of errors and inconsistency.
PREVIOUS
Impulse Advanced
NEXT
Pro-Trader Advice & Tools
Pro-Trader Advice & Tools
“become a trading machine”
There are a few tips and tools that can dramatically improve your trading from efficiency, passive income and naturally profitabilty. With a little extra effort you can become trading machine! These are quite simple things from understanding the wider market to more granualr aspects of the Impulse Strategy.
Golden Rule Alert
Always Aim For An Improved Entry
This is the big, no huge difference between an automated strategy to a manual strategy and why you can almost 4x manual trading vs automated trading. With automated trading and specifically the entries it is very black and white in that when a candle closes, that price is sent and executed with no leaniency so it will never be higher and never be lower. Although in alot – probably most circumstances price will retrace below the signal candle close. Meaning that if you don’t you wait a little while then you may be able to get a much better entry price. When scalping AND using a risk reward basis the suggested stop-loss won’t change here but 2 dramatic things will: With a better entry you can either: 1) Turn your existing Risk:Reward (eg. 1.5x) into a much bigger Risk:Reward (eg.2x) without needing to extend the take profit 2) Reduce you Take Profit target instead of aiming for 15% take profit if you were using 1.5x R:R with a 10% stop-loss you may now only need to aim for a 7.5% take profit if your entry was 5% lower and as now your Stop-Loss is -5% whilst you still have a 1.5x Risk:Reward – making the take profit twice as likely to get hit. See a couple of examples below:
Improved Entry that improves the Risk:Reward volume
Improved Entry that reduces the Take-Proft distance
Divergences
One of THE most reliable indications of price momentum across all assets. It is essentially when the price/candles on the chart start to diverge from the chosen oscillator, whether it is RSI, MACD, Stochastic etc. The Impulse Wave has a built in RSI to the traditional settings with using the OHLC4 source for the values to help confirm divergences specifically a little easier. We did not automate the divergences as they are often too lagging or give false signals so it is alwqys better to trcke them manually. You can use these to help confirm strong trend continuations or potentialy reversal and really suppor tthe exisiting Impulse Strategy signals. Check out the video below to help understand them further.
Money Flow (Crypto)
Crypto is often quite straightforward with investment priorities in the market it usually follows the rule of BTC > High Caps > Mid Caps > ShitCoins – although if trading was that easy then everyone would be millionaires. Therefore there are a few more charts you can look at to help gauge where the money is flowing. These are:
– Bitcoin Price 9/10 if this goes up then the rest of the market goes up and vica versa. Although it is also a good indicator to confirm if the BTC Dominance is rising and this is dropping it will mean that money is just flowing out of alts quicker than it is BTC. Althogh as a rule of thumb if the price goes up then that is usually bullish.
– Bitcoin Dominance This is the % of the total crypto market cap that is taken up by BTC. IT can be interpretted many ways as it is always relative to Alts and stable coins. In order to use it effectively it needs to be used in conjunction with the Alt Market Cap and also the USDT Dominance to give an accurate read of where money is flowing.
– USDT Dominance Exactly the same as Bitcoin Dominance but with USDT – essentially using the most popular stablecoin. Usually when this rises people are lowering risk and getting out of risk assets – it can also mean people are brining money in ready to “buy the dip”. When it is falling it usually means people are buying alts and Bitcoin
– Crypto Market Cap Excluding BTC & ETH This is the entire cap of all of the ALTS it helps paint one big picture of what the market is doing outside of the big 2. It is important to exclude them as since BTC and ETH dominate so much it will over shadow what the alts are doing. Extremely handy for alot of wide spread swing trading.
– DXY
The $$$ – usually when this is pumping BTC is not and vica versa – look at this as the “safer haven” when this is pumping it usually means people are pulling out of higher risk assets (like crypto) or the FED is pumping it with news – either way when it pumps its usually bad for Crypto and vica versa.
A couple of scenarios to etch into your memory:
Buillish Bitcoin Price Up BTC Dominance Down USDT Dominance Down Alt Cap Up DXY Down
Bearish Bitcoin Price Down BTC Dominance Up USDT Dominance Up Alt Cap Down DXY Up
– Fed Announcements & Limitations
Nothing shakes the market like a speech from Powell – along with the periodic releases of FED data. It really pays to be on top of this and ensure you have it in your calendar for when the bigger announcements are dropping. Our favourite Fed News tracker is Crypto Craft. You can set alerts to be e-mailed to you. It is often extremely hard to call the right direction of the continued impact, nigh impossible but one thing is guaranteed that there will be blood….sorry, volatility. Therefore if you are trading tighter stop-losses in the Scalping style strategy for example then it is not a great idea to have alot of positions open prior to these announcements as they will like stop all of them out given the larger TP – it is goo practice to avoid trading 12 hours or so prior to the bigger announcements. This also applies the the Bitcoin Options expiry.
– Take Profit Adjustment To Resistance
A small but important task. The way the take profits are suggested are based on a multiplier of the stop-loss – which means that it DOES NOT take the more traditional “take profit at most recent resistance” – whilst it is compeltely fine to continue to use all of the suggested take profit targets indicated by the strategy (all of the backtesting results are based on these). Although it IS dilligent to adjust your take profit post-trade/during setting the trade up within certain conditions.
These conditions are if the suggested Take-Profit on the indicator is sitting on the “wrong side” of the resistance (Above for Longs & Below for Shorts) – additinally it needs to be within a an “acceptable range” in order to not comlpletely destroy the targetted Risk:Reward. As a rule of thumb try not to drop below a 1x Risk:Reward…ever. Check out an example below:
Whilst you are at it then it will help to understand support and resistances so check out this nifty video from everybodies favourite Rayner Teo
– Become A Copy-Trader (Anny/Bybit)
Be sure to take advantage of turning on the copy trading features available on Anny Smart Trade Platform and certain exchanges that feature good copy trading like Bybit and Bitget. With Anny it is as simple as flicking a switch and you can allow people to copy your trades adding even more potential profit. With the exchanges there is usually a more rigourous trial process to get featured. Personally we do not feel this breaches the commercial license terms and conditions on our side and ultimately it will help Impulse Strategy users potentially turn trading into full time living. Maybe if you get good enough we can put our feet up and copy you!!!
– Funded Accounts
For growing accounts this is an exceptional way to make the real leap from trading on the side to a full time income – the biggest hurdle in turning trading into a full time income is simple the account size, generally trading with anything under $100k can often leade to higher risk decisions that can also quickly lead to ruin. Funded accounts are a gateway to receive much larger funding to trade with but there are conditions and rule sets.
Make sure you check out the funded accounts section as it is a great way to apply the Impulse Strategy long term
– Fee’s
Super important when you start down the path of scalping (or high-frequency trading). There are a few things you can do to dramatically help these:
1) Limit Buy/Sell In to an order this is very achievable and relatively risk free – the downside is it can be annoying when/if you miss an entry and it goes to profit. Additionally you can limit order out with the flexibilty of trading on exchanges/smart-trade platforms quite safely although this is only recommended to do manually ie. watching it close. As these can miss. This will be the biggest areas of savings on fee’s. 2) Use affiliate links & exchange offers to take advantage of heavily reduced fee’s on the platforms. Since you are not long term trading you can be pretty agile with where you trade.
– Alerts
Don’t sleep on alerts! – they will simply save you so much time in trading as you will not have to be waiting and watching charts all day – the irony is that you will miss more trades than enter spending more time looking. With the Impulse Strategy you are not trading sub 1 minute and therefore do not need to be entering trades to the millisecond, there is enough breathing room to receive the alert and make the trade successfully and accurately. You may not need the top tier Tradingview account for the style of trading you are doing, if it is just the top 20 Crypto assets for example then you can simply use the Pro subscription which offers 40 alerts for $12.95 per month with the annual subscription and I believe that is usually heavily discounted every Black Friday (approx 50%) so very worthwhile getting in sync with that.
– Subjectivity
This is placed last on purpose with all of your newly honed skills achieved from skim reading/watching the above then (more specifically with the scalping strategy within Impulse) there is a degree of subjectivity that can be applied to increase the rate of winning trades and decrease the rate of losing trades. It is outlined in the guide about the “Grey Areas” although it is hard to know when to take them and when to not. So when trades are borderline like the below example which would have led on to a successful trade. Then apply things like – Are you approaching a key resistance, then don’t take the trade Or Is the Money Flow lookign great for Alts in general, then take that long. Apply what you know in these circumstances and trust your learnings.
A Funded Trader Program offers traders large capital to be able to have enough leverage to trade with profits. Once this is achieved, these profits are split between yourself and the Proprietary Firm.
Many people are trying to learn more about this field every day and it is not only about knowing the trading basics but also using the tight tools and platforms to manage your money and be successful in the industry.
Many people are becoming profitable, learning trading skills and strategies from many online resources but they still lack the capital to make big profits. This is why Funded Trader programs are here.
There are lots of funded accoutn options out ther but we are going to take a look at a couple of funded account options that are our favourites and a few reasons why.
Check out the video below to learn more about hat a funded account is
It is important to understand why this is a good route for experienced traders.
Trade Smart
A funded account provides you with enough capital, purchasing power, and leverage to take significant advantage of the crypto market.
Experienced traders know that trading safely and within pre-defined risk limits is the way to profit consistently. However trading this way can be slow and unrewarding if you are trading with a small account.
Having a funded account allows you the luxury of not having to take unnecessary risks and it gives you time, you don’t have to trade constantly and hunt down every opportunity as a few small % wins equal larger dollar gains.
Opportunity to scale
If you can consistently make profits a funded account allows you to apply for more capital mining you can scan your account without needing to reduce your withdrawals and income to compound your funds.
Monthly Income
A funded account allows profitable traders to trade full time as a living. Trading with large funded accounts can give an excellent primary or secondary income stream.
Liability
Trading with your own money means that you bear the full risk in the event of a loss. Traders lose their life savings making simple mistakes is an all to common occurrence so we suggest preserving your personal capital and using a funded account. You bear no liability for the losses as having proven yourself in the test environment you are given clear drawdown and loss limits.
This is one of the key reasons behind releasing the ImPulse is to help the average to beginner trader start to work towards passing the evaluations for funded accounts.
Manually trading with the impulse indicator maximises your chances of qualifying for and keeping a hydra funded account.
Liquidity
Since you will be trading CFD’s on MT5 you will need to manage the lot sizes especially if trading on lower timeframes (where liquidity issues will likely require you to trade only BTC & ETH). Find out more about Lot sizing here.
Risk
Use your Stop Loss to determine your investment amount. If your SL is -10% then investing 10% of your total balance means you are ‘risking’ 1% of your total balance. Knowing exactly hw much is at risk in each position allows you to effectively limit your maximum drawdown and losses ensuring you dont breach the Hydra funded account rules.
Style
The lack of a tie limit allows you to trade to the style, frequency and timeframe that best suits you. Prior to beginning your funded account challenge test the timeframes and strategies on the ImPulse indicator (using the provided backtest sheet).
No, not the baddies from Avengers….funded accounts are common in forex trading yet the business model has only recently been extended to crypto. At the forefront of bringing funded accounts to the crypto market are our partners at Hydra Funding.
The Impulse indicator has been calibrated and optmised to work within the Hydra Funding ruleset to allow you to unlock up to $2m in crypto to trade. Once you are comfortable trading manually with impulse we will teach you how to use the indicator to trade on meta trader in order to qualify for a hydra funded account. Hydra allows you to trade as a professional trader would with proper risk management as a large account allows you to returns smaller percentage profits by taking less risks while still increasing your dollar return. You are not liable for losses incurred on your hydra account and yet can withdraw 80% of the profit created. To qualify for a hydra funded account you simply need to, trading on the hydra system, produce a profit of 10% (no time limit is imposed on this) without exceeding a 5% drawdown or incurring a 4% daily loss. Once you pass the test you will be given an account to manage between $10k and $2m. You can withdraw 80% of the profit generated monthly with hydra retaining 20%. There are no monthly profit minimums. We are delighted to be a part of bringing this trading system to crypto and to be providing a tool to help traders succeed with it.
Something not so common in Crypto is funded accounts where you can simply prove you are a good trader and you instantly get funded with a 100x balance BUT there are rules you need to follow.
Our preffered funded account to use is Hydra due to their flexible rule sets to pass evaluations, high profit share, large Crypto asset offering and great support.
Naturally people aren’t just going to hand out millions of dollars on a whim, so what’s the catch?
Qualifying for a Hydra Funded Account is a simple one phase process.
After applying for the level of funding required traders must;
Produce a net profit of 10%, without exceeding a daily drawdown limit of 4% and without incurring an overall loss of 5%.
No Time Limit
There is no time limit. Hydra are looking for traders who can trade effectively and within their own style. Risk as little as you want and wait for the best set ups to ensure that you profit.
No Minimum Trading Days
There is no rule on the number of days you have to trade, pass within one day or 100.
If the rule isn’t here, you are in the clear.
Unlike other prop firms, there are 0 hidden rules. All parameters for the evaluation and the funded account are found on this page.
Please make sure to take the time to read every rule below. We are building a firm that focuses on your success, part of that is bringing on traders that understand exactly how we operate.
There are only 3 ways to breach and lose an account, please read below for more details:
Drawdown Rule [full details under “5% MAXIMUM TRAILING DRAWDOWN“]
The Maximum Trailing Drawdown is initially set at 5% and trails (using CLOSED BALANCE – NOT equity) your account until you have achieved a 5% return in your account. Once you have achieved a 5% return the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. This allows for more trading flexibility as you have proven yourself as a profitable trader and can now freely compound an account. Example: If your starting balance is $100,000, you can drawdown to $95,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let’s say you take your account to $105,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000.
So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 4% in any given day, you would only breach if your account equity reaches $100,000.
Daily Loss Rule [full details under “4% DAILY STOP“]
The Daily Stop Loss is the maximum your account can lose in any given day.
Daily Stop Loss is calculated using the previous day balance which resets at 5 PM EST. Unlike other prop firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale profits without fear of losing your account. The Daily Stop compounds with the increase in your account.
Example: if your prior day’s end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $96,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $96,000.
Inactivity of 30 days (if you do not place a trade at least once every 30 days on your account, Eightcap/Hydra Funding will consider the account INACTIVE and the account will be breached.
The evaluation program is a two-step process where a potential Funded trader can prove their FOREX, CFD or commodities trading skills. Evaluation trading account sizes range from $5k to $300k with profit-split payouts occurring once a month on the first month and then bi-weekly from that point on. A trader can have up to 600k in capital from evaluation accounts but only 300k per trading account.
Through the MyForexFunds evaluation trading account process, we hope to identify serious FOREX Prop Firm traders who display the trading skills required to be successful with a FOREX Prop Firm. Stay consistent, accurate and maintain proper trading risk management skills and we will reward you. Prove your worth and jump to a funded account in as little as 10 days. Or take it easy and pass within 90 days. Its’ up to you!
It’s pretty straight forward: play by the rules and reap the rewards. Of all the prop funds though this is why MFF is one of our favourites as there is some real leniancy on how to achieve to goal of a live trading account. There are 3 different challenges you can take although we will only be focusing on the Evaluation challenge
➕ Long period to achieve Phase 2 of 60 days and only 5% profit
➕ Long standing and reliable on payouts
➕ Scaling ability after 4 months of live accounts 30% increase on account
➕ Very cheap fee’s to access the challenges and further discounted if retests are required
➕ No limits on trading – can trade over weekend and with any size lot
Con’s
➖ Equity based Daily Drawdown – it can expose swing traders to overnight holds
➖ Spreads are not best in the market but still competitive
➖ 2 Phases required to achieve live account
Hydra
Pro’s
➕ Only 1 Phase required to achieve live trading account
➕ No time limit on acheiving the 10% target
➕ Very high live account option at $1m
Con’s
➖ Not available in the US customers with Eightcap broker
➖ Still quite new to market
➖ Small lot sizes don’t allow for much trading with Crypto at all
➖ Tight drawdown’s with 5% total and 4% daily
➖ Expensive fee’s for challenges
Summary
It really is hugely down to personal preference – whilst Hydra may look like a lot of cons the simple fact of no time limit at all and quite frankly access to huge funds straight out the gate are incredibly appealing. Although there are also an incredible volume of perks to MyForexFund – so it is very much a case of DYOR and choose something that suits your preferences and style – there are a a considerable number of funds out there to choose from each with differenct perks and cons so get on YoutTube and find one that suits you!
Before we go any further these are just my personal rules and “mantra” I follow when tackling a funded account challenge and it really is important to understand especially in trading that rulse are NOT made to be broken. There are an absolute TON of different rules and models out there for funded accounts – I am NOT going to cover them all and just be looking at the MyForexFund rules and model for now – that being said alot of it is very transferable to other models.
Rules, Targets & Tips
Prop Firm & Challenge
Fund: MyForexFund Challenge: Evaluation*
*In a nutshell achieve 8% profit in 30 days (with optional 30 day extension AND retry if in the green but target not hit) and then achieve 5% in 60 days – all without losing more than 5% in a day or 12% in total.
Strategy
– Impulse Strategy
– 15min timeframe
– Signals: Wave & Momentum Signals
– Take-Profit: 1.5x Risk Reward
– Stop-Loss: Swing LH for Momentum Signals / Candle HL for Wave Signals
Trading Times & Frequency
Trading Days: Monday Friday
Trading Times: 9am – 5pm
Frequency: No more than 1 trade per 15-30 minutes
Target Volume: Aim for approx 10 trades per session providing spread evenly
Assets
– Forex: Majors
– Crypto CFD’s: BTC (Essentially the assets with the lowest average spreads)
– Blacklisted Assets: None
– Spreads: Aim for as low as possible
Risk & Trade Limits
– Stop Trading if at 50% of the Daily Allowed Drawdown
– 0.25% Risk per trade of entire balance up until 50% of the Total Allowed Drawdown is reached (Eg. if -6% of balance out of a 12% total drawdown allocation.) then reduce to 0.125% until back below 50% of Total Allowed Drawdown
– Optional – Reduce the Risk per trade again by half if 75% of the Total Allowed Drawdown is breached un til back below 75% of Total Allowed Drawdown
Daily Profit Limit
– None – trade to the time limits
Best Trade Practise
– Take Profit Early – Whilst 1.5x R:R is the sweet spot -if you are within touching distance of take profit don’t be afraid to take it (ie. at 1.25x risk+ and you are watching it > TAKE THAT PROF!)
– Target Best Possible Entry – If you can get a better entry when using Risk:Reward models than the suggested signal entry then that is the dream as you can wither increase the relative R:R amount by keeping the same Take Profit target knowing there is about a 60% chance of hitting it for a potential 2x instead or reducing the distance increasing the liklihood of hitting whilst still taking 1.5x. DO NOT CHASE THE ENTRY THERE WILL BE LOTS OF OPPORTUNITIES.
– Stop-Loss Management – If you are nearing the end of the day and you are running with a few trades in profit don’t be afraid to either close them or raise the Stop-loss to in profit – it will not destroy the overall strategy
Screen Management
I operate with minimum of 2 screens for trading:
Screen 1 – Tradingview & Alerts
This is to monitor and confirm the entries
Screen 2 – MT5
This is to place the trades as quick and accurately as possible and monitor them (you can increase the number of chart windows if you need to)
Is it possible to automate this strategy. In a word, yes. It’s very easy to.
There are limitations however you can set up alerts to trigger a buy or a sell making DCA bots extremely easy to set up and also automating entries to allow for trades to be manually updated with targets afterwards, although there is not the capbility of triggering a take profit or stop – loss or setting the take profit or stop-loss prices.
As per our Term’s and Condition’s should you want to launch a public products powered by the Impulse Strategy then written consent or a commerical license from BlockParty Trading would be required or access will be revoked and further legal action will be pursued. So just be cool and don’t cause any headaches.
The process for automating the ImPulse indicator is deceptively simple. First create your alerts on Trading view, add the Mizar endpoints and web hooks to the alerts and then create on Mizar a DCA bot to connect to and manage these alerts.
Please note automated versions of the ImPulse Strategy will not work with Funded Accounts.
PREVIOUS
Automation
NEXT
Automation On 3Commas
Automation On 3Commas
How to set up an bot on 3Commas.
The process for automating the ImPulse indicator is deceptively simple. First create your alerts on Trading view, add the 3commas endpoints and web hooks to the alerts and then create on 3commas a DCA bot to connect to and manage these alerts.
Now you are an expert on knowing what trade to take….here comes the hard part – placing the trade.
There are multiple ways to actually trade depending on what asset you are trading and also what your chosen platform is. We will try to give a short summary on each platform to help guide you through to what the best option may be.
It may sound like a very simple step although this is the point at which mistakes can happen and in most circumstances time is of the essence so it is about finding the most efficient and safest route for suited to your trading style.
We will be starting off each section of the guide with assuming you have a confirmed trade using a Risk:Reward of 1.5x assumption.
“one of the most advanced pieces of kit out there”
Anny would be the number #1 pick as it is pretty flawless from being able to provide incredibly advanced smart trade, copy-trade and bot functionality with DCA bots coming very soon – but also other critical but often over looked areas in these platforms such as a really strong pnl tracker, a backtesting function (so you can hypetheortically see how your trades would have done with different TP’s, SL’s etc.) and finally the all important risk based investment tool. Why isn’t it number one, it really is simply down to speed of entering a scalp based trade – once/if that is rectified to be quicker then there really puts it level with Tradingview if not ahead due to the ease of being able to be copy traded by other trades adding an additional revenue stream and actually turning this in to a profitable platform to use (ie it negates its fees, which are exceptionally low anyway with the automatic income generated by the copy-trading fee’s – which BPT encourages you to do or at least try!). Highly rated.
Best All-In-One Platform
Requirements – TradingView – An Exchange or Broker – Anny Account
Overview Speed To Enter Signal: 7/10 Auto-Risk Calculator: 10/10 Post-Trade Editing: 10/10 Open Trade Tracking: 10/10 Cost To Run: 8/10 without Anny Exchange Affiliate Link | 10/10 with anny Affiliate Link |15/10 Copy-Trading without Affiliate | 20/10 Copy-Trading with Affiliate Link* Asset Availabilty: 9/10 (Limited only to crypto with Forex provisionally planned for 2024 – 10/10)
* To further this you can also use your own Anny Affiliate link to receive 20% Anny fee’s back from users.
Added Perk – You can easily make your account a copy-trade account to turn profit into further passive income
– DCA bots coming soon
Preparation
– Set up a trade first with the required leverage and risk per trade then it will remain in the memory
– Set your automation settings which will be remembered after one time – 100% at TP 1
– Link your Crypto Exchange
– Ensure there is balance in the Anny wallet to be able to conduct trades
– Changed DCA Entry allocation to 100% Entry 1
Process
– Receive Signal on Tradingview
– Open Anny & Select New Trade
– Select the Signalled Asset
– Change the entry type to DCA Limit
– Double click on the chart to remove the oscillators quickly and adjust the Entry 1 to Market Price, Stop-Loss to the suggested Stop-Loss on Signal and adjust the Take Profit to 1.5x Risk:Reward that can be seen on the trading terminal, select next
– Adjust the risk per trade to 0.25% to 1% and leverage with Cross then hit submit
If you are lucky enough to have a broker or exchange available on Tradingview then you are ins luck as it is the GOAT of Trading platforms. If gives you the abilty to trade directly of the charts you are conducting your analysis on without the need of multiple screens or logins. It is still victim to a few negatives like slight price lag vs exchanges, quite limited crypto exchanges (although these will only increase) and lack of flexibilty to extend the trading to exchange native copy trading or Funded Accounts. Although the game changed for Tradingview is the really flexible Paper Trading option that you can use to practice your trading and until you are content tenough to start using live capital. A BlockParty personal favourite.
Best Overall
Requirements – TradingView – An Exchange or Broker
Overview Speed To Enter Signal: 10/10 Auto-Risk Calculator: 10/10 Post-Trade Editing: 10/10 Open Trade Tracking: 9/10 Cost To Run: 10/10 – You will need Tradingview anyway Asset Availabilty: 10/10 (Limited only by the exchange/broker you can connect)
Added Perk – Exchanges/Brokers are constantly being added
Preparation
– Set the Order type to limit – Set the long/short position default to preferred allocation – Set the Long/short position default to preferred risk per trade – Set the leverage if applicable to your exchange
Process
– Receive Signal on Tradingview
– Select Long/Short Position tool set the price to entry, set the stop-loss to suggested Stop-Loss and the Take Profit to a 1.5x Risk:Reward
– Optional: Double on it to double check the settings
– Right click on it and select “Create Limit” – This will populate the trade with all the required parameters and hit Buy or Sell. Yep, its that quick.
Highly likely that an exchange was the first place you traded when starting in Crypto and also highly likely it is the same place you trade now. This is because if it ain’t broke then it doesn’t need fixing. The general issues with exchanges is they severally lack any kind of advanced trading tools like multiple tp’s, trailing stop-losses or investment/risk amounts – but what they lack in tools they make up for in zero lag and execution. For the purpose of this we will be using Bybit. The entry of the trade is pretty quick but there is a little bit of post trade management required.
Best For Crypto Scalping
Requirements – Bybit Account – Tradingview (Long/Short Position Tool*) *Critical for automatically calculating risk
Overview Speed To Enter Signal: 9/10 Auto-Risk Calculator: 1/10 (8/10 with Tradingview Tool) Post-Trade Editing: 9/10 Open Trade Tracking: 8/10 Cost To Run: 10/10 – Only exchange fee’s Asset Availabilty: 5/10 (Only Crypto on specific exchange available)
*Please note there is limitations on lot sizes with crypto, especially with funded accounts so beware as they will close trades automatically
Added Perk – Some exchanges now carry copy trading such as Bybit so you can turn your profit into further passive income quite easily
Preparation
– Ensure your Tradingview favourite indicator bar has Long/Short Postion Tool on it – Set your balance and Risk limit defaults on each of the position tools – Tradingview Paper Trading Broker is linked and open on the chart – Add all of the assetds you are trading to the favourites on Bybit – Preset all of the leverage amounts for each asset – Change Order by to Quantity – Have limit option pre-selected
Scenario 1
Receive Signal On Trading View
BTC/USD – Long Opportunity
Select Long Position tool set the price to entry, set the stop-loss to suggested Stop-Loss and the Take Profit to a 1.5x Risk:Reward
Optional: Double on it to double check the settings
Right click on it and select “Create Limit” – This will populate the trade with all the required parameters
Copy & Paste the “Units” quantity in the “Order By Quantity” and hit buy/sell
Now to add the Stop-Loss and Take Profits – select the TP/SL Button
Copy & Paste the Stop-Loss Price from the Tradingview trade set-up and paste in the stop-loss option and hit confirm. (If you want a Market Exit Take Profit then place the Take Profit price in here too)
Now hit the Close By Limit Button
Copy & Paste the take profit price from the TradingView trade set up into the Take Profit Price box and hit confirm
Trade now set up
PREVIOUS
Place A Trade On TradingView
NEXT
Place A Trade On MT5
Place A Trade On MT5
“welcome to the 80’s”
For the vast majority of Crypto traders this is going to be like stepping back in time – welcome to the 80’s. You will be expecting Gordon Gecko to walk through the door at any point sporting an 8ft cell. Jokes, aside this is actually and unsurprisingly a serious bit of kit for both speed and aggregation. With a few minor adjustments and a little practice it quickly becomes a lethal bit of a kit.
Overview Speed To Enter Signal: 9/10 Auto-Risk Calculator: 1/10 (9/10 with add-on) Post-Trade Editing: 8/10 Open Trade Tracking: 6/10 Cost To Run: 10/10 Asset Availabilty: 7/10 (Limited on Crypto)
*Please note there is limitations on lot sizes with crypto, especially with funded accounts so beware as they will close trades automatically. THIS IS INCREDIBLY IMPORTANT TO BE AWARE OF!
Added Perk – You can integrate MT5 easily with Funded Account granting access to huge fundsfor very little costs
Preparation
– Watchlist has all of the symbols in sync with your tradingview alerts or assets you plan to trade – Your balance is correct, updated to what you want to trade with – Trade Assistance is set to 1.5x R:R – Trade Assistant Risk% is set to 0.25% – 1% – If using Custom Balance then that is set correctly
Process
– Signal On Trading View
– Open MT5 & Drag, Asset To Chart From Watchlist If Not In An Open Chart Already
– Optional: Double Check Trade Assistant has correct parameters
– Select “Lines” To Visualise Trade & Show the depth of the spread
– If you want to market entry becuase the spread is very small then you just need to set the stop-loss to the suggested stop-loss price and select Buy/Sell or Buy/Sell Limit, this will fill instantly
– If you want to use a limit order at the exact price becuase the spread is quite poor then drage the trade to the current bid price, and then set the stop-loss to the suggested price and select Buy/Sell Limit – this will not fill instantly
Currently the smart-trade aspect is still in the BETA phase which ultimately means that there is still some limited features which is limited to only Spot trades at the moment. The limited access we have had so far is fast, realiable….and pretty awesome so far. Mizar has a fantastic DCA bot section which is great for the Swing signals from the Impulse Strategy.
We will drop a guide on the most efficient way to place a trade on Mizar as soon as the Futures aspect is available.
PREVIOUS
Place A Trade On MT5
NEXT
ImPulse FAQ's
ImPulse FAQ’s
Please find the most commonly asked questions here:
Can I upgrade from a Signals Subscription to an Impulse Subscription?
Yes this can easily done on the website. Simply log into your blockparty account, go to billing and upgrades by clicking on the credit card icon on the right and clicking the ‘Upgrade to ImPulse’ button. Is ImPulse included in lifetime? No BPT ImPulse is a new & separate standalone subscription. Existing lifetime members are however entitled to purchase a lifetime ImPulse subscription (not available to non lifetime members) for $4,499. Can I get a free trial? Yes sign up for a free trial here. Where are the imPulse results?
Full manual test results can be found here. Can I automate it? Yes, you can send signals from the indicator through to 3commas or Mizar to run your own trading bots. Details on how to do this is included here. Can I make a bot and sell it on 3commas or Mizar and can I make a signal group on Anny or offer copy trading services using ImPulse? Yes, we offer commercial licenses for our products for all platforms. Price available upon request. Contact @BPTadmin on Telegram or email admin@blockpartytrading.com
PREVIOUS
Place A Trade on Mizar
NEXT
Overview
Overview
The GeekFest
⚗️ BlockParty Labs (BPLabs) is a division within BlockParty, driven by a passion for all things geeky & crypto!
This includes cutting-edge automation, data-science, scripting, programming, and various other intelligence-based approaches to simplifying financial complexity, in the ultimate pursuit of profits.
The People
Our trader-dev BlockDocbrings a wealth of experience with ones & zeros to BPLabs.
TradingView’s PineScript was no match for his keyboard and even Python looks a little more handsome with his syntax obsession.
We don’t always understand what he’s talking about (time-series what?), but we feel safer he’s on our side peering into the Matrix, effortlessly slaying Sentinels & FUD in whatever corner of the void they may be found lurking. 😝
The Subscription
We also share the BPLabs name with our Advanced Subscription Service where subscribers gain access to BPLab’s ever-growing set of tools and innovations.
The Toolset
These tools complement the many years of crypto experience & expertise and are what supercharge BlockParty’s trading magic 🪄.
These are the very same tools we use ourselves to make money and are made available to our subscriber community “hot off-the-press” each month. 🔥
PREVIOUS
ImPulse FAQ's
NEXT
TradingView Collection
TradingView Collection
TradingView is the world’s #1 website for all things investing. They are leading the way in the democratising access to the world of finance – providing both data feeds and incredible new ways of interacting with that data:
These tools complement the many years of crypto experience & expertise. They are what supercharge the Blockparty trading magic 🪄.
These are the very same tools we use ourselves to make money and are made available to our subscriber community “hot off-the-press” each month. 🔥
How to add your BlockParty indicator on Trading View
Once you have completed a subscription to either BlockParty Labs or Signals your custom BlockParty indicators will be added to your Trading View account. You will receive a notification on Trading View to let you know that the indicators are available. To use them you will need to add them to your charts;
1. Load up Trading View and load any chart.
2. Hit “indicators” on the top taskbar;
3 Then select “invite only scripts”
4. Now add the indicators to your chart set up by clicking on them.
PREVIOUS
Overview
NEXT
Labs Suite
Labs Suite
BPLabs next-generation set of TradingView indicators/strategies in the Labs Suite intend to build a strong foundation to cover some of the most of the important topics:
This TradingView indicator is a Bitcoin chart overlay (BTC/USD). This expands on the famous Bitcoin “Logarithmic Growth Curve” (LGC) model.
Given that the whole crypto market revolves around the trajectory of Bitcoin, you should use this indicator to get an overall idea of where we are in the macro market cycle.
When in doubt, zoom out… 🔍
How to use the ‘Bitcoin Growth Curves 🌈 [BPLabs]’ Indicator
In TradingView, load up the Bitcoin All-Time History Index (code = INDEX:BTCUSD)
Change to the Daily (D) timeframe
Right-click the right-axis (price) and change to “Logarithmic”
Add the ‘Bitcoin Growth Curves 🌈 [BPLabs]’ Indicator from your “Invite-only scripts”
Once it is added to the chart, adjust the settings from the gear icon
Read the tooltips (i)
Features
Explore different Bitcoin price progressions based on various inflation/deflation factors (DXY dollar index, M2 money supply, Stock-to-Flow)
Price Forecast until 2035
Display 4-year Halving Events
Pi-Cycle Top Indicator
Pi-Cycle Bottom Indicator
EMA Floor Model
Golden Ratio Fortnight Pivots
EMA Trend Guide
📊 Chart Setup
We recommend you disable “Indicator Arguments” in the default chart settings in TradingView, to avoid polluting your chart with a long string of arguments.
You can change this setting as follows:
Select the “Gear Icon” ⚙️ (in the top-right of your chart) to access TradingView Chat Settings
Access the “Status Line” page on the left, and disable/deselect the “Arguments” checkbox on the right.
📊 Chart Setup – Bitcoin All-Time History Index
In order to see the full Bitcoin Growth Curves across BTC’s entire history, please load up the asset known as “Bitcoing All-Time History Index”. You can search for this by entering: “INDEX:BTCUSD”.
Make sure you chart is set to the “Daily” (1 day) timeframe.
⚙️ Settings
Select BTC Model
QR = Standard Quantile Regression (QR) Model without any adjustments
DXY = Deflate BTC price as DXY increases, use this as basis for regression
Display underlying Moving Averages used to calculate “Pi-Cycle” Tops & Bottoms (Enable/Disable)
Show Fortnights where Golden Ratio pivots
Display fortnights which are a certain number of days either side of Halving events, according to the Golden Ratio (Enable/Disable)
Fundamentally, price movement is the reflection of 3 things: Price, Volume & Time
This is a thought-experiment exploration into the time dimension and what potential underlying cycles exist. Typically this is seen as “Seasonality” in Time Series data (e.g. monthly, weekly, yearly, etc.). But in Bitcoin, the obvious and most important cycle is the Halving Cycle, where we would expect to see some kind of cyclic behaviour.
Halving Cycle is approx. 1424 days on average and current halving cycle is expected to last from 11 May 2020 until 02 April 2024 (1422 days). If you look at the golden ratio percentages (61.8%, 38.2%, 23.6%), this represents 880, 544 & 336 days respectively.
Show Cowen Corridor
Display Ben Cowen’s @intocryptoverse Corridor (first shown publicly on YouTube 9th April 2021) (Enable/Disable)
The rough price predictions to the present day have been surprisingly accurate:
Logarithmic Growth
The logarithm is the mathematical inverse of the exponential, so while exponential growth starts slowly and then speeds up faster and faster, logarithmic growth starts fast and then grows slower and slower.
Logarithmic change has no limiting value. It keeps on increasing “forever”, albeit at ever-slowing rates.
Just looking at Bitcoin’s price history on linear and logarithmic scales, one can see how the latter fits much better from a modelling perspective.
As a point of correctness, when only one axis (in this case the Price, or y-axis) is plotted logarithmically, this is known as a “semi-log plot”, specifically a “log-linear plot” (logarithmic on y-axis, linear on x-axis).
The general formula for logarithmic growth is:
f(t)=A⋅log(t)+B
Linear Price (y-axis)
Logarithmic Price (y-axis)
Log-Log Plots & Linear Regression
To take this a step further, what some may not know is that you can also apply the logarithmic scale to the time axis (x-axis) as well. This is then known as a “log-log” plot.
Here, we convert date on the time-axis to a number representing Bitcoin’s age (i.e. number of days since the so-called “Genesis Block”, 3rd Jan 2009, Bitcoin’s Birthday) – approximately 5000 days at the time of writing.
With this plot a very interesting thing happens… you get what looks like a straight and orderly channel (yes, with straight lines!):
From here, we can perform simple (OLS) linear regression to get the average (mean) line through the middle. We call this the “Fair-Value Line” (to represent the overall trajectory of Bitcoin’s average price in US dollars over time). We can also cherry-pick the higher and lower extreme ends of the spectrum, and run the regression through these specific points as well.
Improving on the LGC Model
How can we improve this model?
Well for starters, standard “OLS linear regression” may not be the best choice here, as there is a clear skew/bias to the data (more points below than above the line, skews the average/mean downwards, non-standard errors) – so we really want a model that deals better with this not-so “normal” (normally-distributed) data.
Instead, we can perform “Quantile Regression” (QR) using Median instead of Mean to arrive at our Fair Value line. This means we are less influenced by outliers and non-normal distributions. With QR you run the regression through a subset of the data representing something like a percentile, or “quantile” in this case.
Running quantile regression with the 50% quantile gives us the Median line (half points above, half below).
We can also take the 0.1%, 1%, 99% & 99.9% quantiles to give us Lower and Upper bounds respectively.
Consider that 1% & 0.1% of Bitcoin’s roughly 5000-day age are approximately 50 days and 5 days respectively (so pretty extreme ends of the spectrum).
To further tune this, we regress the Fair Value using “close” data points, whereas the upper/lower extreme quantiles we regress the wicks’ datasets (“high” & “low”). This is perhaps more interesting: “where could we wick?” as opposed to “where could we close?”. Again note that this represents the wicked-extreme value for less than 50-days of Bitcoin’s entire 12-year history.
Next we divide the space between the Fair Value line and the Upper and Lower boundaries into 5 subsections to gives us some logically spaced Buy and Sell zones (to DCA). To keep this simple, we choose percentages of the distance to the Fair Value line using the Golden Ratio to best average out the space visually on the logarithmic scale (61.8%, 38.2%, 23.61%, 14.59%, 9.02%).
These resulting formulas can be plotted back into TradingView.
Linear Plot with Quantile Regressed variation of LGC
Logarithmic Plot with Quantile Regressed variation of LGC
Let’s muse: Why does Bitcoin do this…?
It’s fair to say that Bitcoin is a pretty unique asset/commodity due to its fixed-supply nature.
Everything else in the world will increase its supply if you increase its price (oil, gold, timber, cotton, sugar, etc.), but not Bitcoin. Its emission-schedule is fixed from Satoshi and so what we see in the chart is largely the price fluctuation from the interaction of this known supply-side fixed emission with the unknown demand-side variable.
Furthermore, this rate of new supply is decreasing over time, so Bitcoin had high inflation to start (more BTC “printed”) than it does now, and that new rate of supply is decreasing over time.
But is there something else going on…?
When we talk about Bitcoin’s price, we must always denominate it in something else, and in this case, we are only viewing its value through the lens of the US dollar (BTC/USD), and this shows logarithmic progression.
So, is it true that $1 (USD) is worth the same now as it was in 2009? Does it make sense to draw a straight line on our log-log plot valuing all USD equally over the past 12 years?
Does the “price” or spending-power of USD fluctuate or decrease/increase at some predefined rate?
Model Adjustments – US Dollar & Bitcoin Debasement
Clearly there is more going-on here, but how do we work out the price of the dollar and therefore extract the “true” price of Bitcoin and see if modelling that dataset works better.
What datasets can we use to imply the value of USD? What things will indicate when the US dollar is inflating or deflating?
Here are some examples we looked at, maybe you can think of some others:
DXY (USD Dollar Index) = this represents the supposed relative strength of the US dollar against other international currencies. As DXY increases, arguably BTC/USD price should fall (because the dollar is stronger and can buy more BTC).
M2 (USD Money Supply) = USD circulating money supply could be extrapolated, because the assumption is that printing more money (QE) should devalue the dollar (Bitcoin worth more in USD) and the reverse (QT) should devalue Bitcoin denominated in USD.
So, let’s inflate/deflate USD on our BTCUSD daily close/low/high price history and repeat our Quantile Regression again, and then reverse the process to see the result:
Now, should the M2 money supply or DXY radically change, it will show up in our chart as we are tracking the live values along the predicted path. We can see through this process that the lower bound has been brought up closer to the fair-value line, and the upper-bound has increased.
You can also see how the slope of the model changed upwards during the 2020 COVID money-printing and is sloping downwards during the 2022 DXY explosion.
Notes
Unfortunately, in TradingView we cannot plot curvy lines into the future as we cannot predict future DXY & M2 values and the plot functions stop on the current bar. So here we just take the current slope of these lines and extend them forward to give rough estimates.
Finally, note that because this is a monotonically increasing function, just through the passage of time, the fair-value, upper & lower bounds rise. So, for example you can look into the forecast table and see how much the lower bound rises just through the passage of time until year-end.
Remember that the “crypto rich” are made by accumulating in the Bear market and not FOMO’ing into the Bull market.
Following the crowd late-stage, is often a losing strategy.
Stock-to-Flow Model
You can also do Quantile Regression on the classic Stock-to-Flow model from Plan B (@100trillion) for the same reasons as above (instead of the standard OLS regression that he used).
This gives you not just the centre line (as you see on Plan B’s charts), but also some upper and lower bands as gauges for price extension from the core S2F “value”:
Annual-Cycle Stock-to-Flow Model
What new can we glean from plotting not just the average/median, but also the extremes?
Now it becomes obvious that the stock-to-flow changes depending on where you are in the halving cycle. This gives us some semblance of rhythm (earlier peak, later contraction).
So let’s run the regression again, but separating each Epoch into quarters (350 days/Epoch-quarter roughly).
We can see this on the log-log scatter plot using the epoch-quarter differentiated by colour.
Clearly you will get different trend lines depending on the quarter from which you run the regression:
Not only that, we just finished doing quantile regression on the Bitcoin “adjusted” price using inflation/deflation factors, so why not combine this all together with S2F?
And here’s the result of selecting the “Adjusted Annual-Cycle Stock-to-Flow” Model:
Wrapping-Up
So, what do you think?
Beautiful? Informative? Dubious Speculation?
Hard to say…
But we are all about “channelling our inner-geek” to serve the community better, and hopefully as a result navigate the crypto market with more resolve!
Knowledge is power as they say! 💪
(If you have any ideas for analysis or other tools, we’d be happy to hear them. We’ll be guided by the community as to what’s most in demand.)
PREVIOUS
Labs Suite
NEXT
Indicator Lab ⚗️ Trading Toolkit [BPLabs]
Indicator Lab ⚗️ Trading Toolkit [BPLabs]
Instructions
Introduction
This TradingView indicator is a chart overlay for any asset or timeframe and supports crypto, stocks, forex, etc.
It provides a “one-stop shop” set of curated indicators to help you discover patterns for trading purposes. Indicator Lab ⚗️ is the overlay that we use ourselves when scalping or manually trading.
These indicators have been hand-picked by BPLabs as they provide some of the strongest entry conditions and we use various combinations of these in our own paid-for signal subscriptions. They are the same indicators used in the “AutoTrader 👾 Signal Generator [BPLabs]” script.
By separating out just the visual display of these indicators from the trade automation, allows for a smaller codebase and therefore quicker loading times in TradingView.
How to use the ‘Indicator Lab ⚗️ Trading Toolkit [BPLabs]’ Indicator
In TradingView, load up your asset’s chart and timeframe
Add the ‘Indicator Lab ⚗️ Trading Toolkit [BPLabs]’ Indicator from your “Invite-only scripts”
Once it is added to the chart, adjust the settings from the gear icon
Read the tooltips (i)
Features
3 x Moving Averages (MAs) on the same chart.
10 different MA calculation methods (without having to load different indicators). Custom lengths and data sources.
2 x Trends on the same chart.
9 different Trend calculation methods (without having to load different indicators). Custom lengths, multipliers/factors and data sources.
Reverse any indicator, should you find a contrarian position
Customise events using your favourite emojis 🤩
Customise colours
Highlight chart for Long & Short indication
Updated with the latest and greatest indicators
📊 Chart Setup
We recommend you disable “Indicator Arguments” in the default chart settings in TradingView, to avoid polluting your chart with a long string of arguments.
You can change this setting as follows:
Select the “Gear Icon” ⚙️ (in the top-right of your chart) to access TradingView Chat Settings
Access the “Status Line” page on the left, and disable/deselect the “Arguments” checkbox on the right.
Example Setup – Default Settings
Example setup: MACD Cross (Long = Green, Short = Red)
Bar highlighting enabled
Notice that in the initial example setup, when the MACD crosses the slower MACD Signal line, this generates a LONG signal when it crosses ABOVE (crossover) and a SHORT signal when it crosses BELOW (crossunder):
BlockParty Labs has a proprietary “Trend Surge” detection method which is intended to follow a trend. This is available as an Event Trigger, long or short. This value specifies the largest length used for the surge’s evaluation.
Lower numbers are noisier (more signals), than higher numbers. Different assets and timeframes need different lengths; some don’t work at all. So it needs testing.
Note also that trend-following can be problematic as typically you will also get a signal at the very end of a trend, so be careful.
Remember: “The trend is your friend until the end!” 😅
Nevertheless, an astute trader with the right strategy can turn this to their advantage by detecting the trend-end and inevitable reversal.
Indicators
Choose which indicator you want displayed on the chart.
Note that indicators typically have some directionality when they fire, i.e. they indicate “Long” or “Short” (price prediction upwards or downwards respectively) – here you customise which emoji is displayed in which direction.
🔃 If you find a contrarian position with a particular asset (Long really should be Short and vice versa), then you can simply invert these positions with the 🔃 checkbox.
↕️ When in Characters mode, to free up the chart, you can push symbols to the upper and lower chart extremities to clear up the visual real estate by enabling the ↕️ checkbox. Note this does nothing in Labels mode.
Colours
Customise colours of Moving Averages, Trends and Signal Directions
Highlight Chart
For absolute clarity and to prevent errors of parallax, a vertical colour band can be overlaid onto candles where an indicator event occurs. The colour of which will be determined by the indicator direction.
Glossary / Education
Will update this section over time with educational resources on the indicators involved.
PREVIOUS
Bitcoin Growth Curves 🌈 [BPLabs]
NEXT
AutoTrader 👾 Signal Generator [BPLabs]
AutoTrader 👾 Signal Generator [BPLabs]
Instructions
Introduction
This TradingView indicator is a chart overlay for any asset or timeframe and supports crypto, stocks, forex, etc. The intention is to design a trading strategy to generate signals which can be used for automated or reactionary manual trading through alerts.
Ever have a crazy idea for a strategy across multiple indicators, but have no way to test it out or implement it?
AutoTrader is built for people like you: tinkering in your lab, spotting opportunities, exploiting trading-edges that escape other market participants, all in realtime!
This builds upon indicators and events that you may have already explored in our “Indicator Lab ⚗️ Trading Toolkit”. These two scripts are complementary, you can add both scripts to the same chart for more flexibility.
This is mainly because the “Indicator Lab” can be adjusted quicker as it is not doing all the heavy-lifting needed by AutoTrader. Please be patient with load-times.
📝 General Approach
Step 1. Decide on pre-conditions
What pre-conditions need to exist before you enter trades (long or short)?
This could be anything from one Moving Average needs to be above another, or the RSI needs to be below some threshold, or close price is above the open price (green candle). This sets the stage for things that absolutely must be true before you are willing to trade in this direction.
By default multiple pre-conditions all need to be true to enable a trade direction. You can adjust this by marking any pre-condition as Optional.
Step 2. Decide on events that constitute an entry
Given your pre-conditions specified in Step 1 above, what is the actual Event Trigger the sparks the trade?
You can group these events where ANY condition can fire for the entry (as is the default), or you can ungroup these so that each must fire independently together to strengthen an entry signal. Depending on your logic, you can also delay events or hold them for a number of bars.
Step 3. Review your signals for bad trades and look for ways to block them
Look for bad signals that would constitute losing trades. Is there anything in common that you could use to block them? You can either update your pre-conditions or events, or alternatively you can do this by adding blocking signals, whereby you will see the signals change colour if they are blocked.
Step 4. Clarify your trading session
Maybe your signals only work on the weekends, or on weekdays, or maybe you want to exclude Mondays… All this is possible by adjusting the trading session and you will see these periods blacked-out to indicate no signals will be generated at all during these periods.
Step 5. Refine your strategy through Asset and Timeframe selection
Does your strategy work better on a different asset?
What about different timeframes? How about 30 minutes, 3 hours, 12 hours, 17 hours, etc.?
Note that some strategies simply do not work on certain asset/timeframe combinations, and even working strategies can fail over time.
So make sure to continually test and review for optimum performance!
Step 6. Configure Automation
For automated trade-entry, you can set the style of alert generated. At the moment 3Commas & Mizar are both supported. This list will be expanded in future.
You will need to enter your authorisation token to place trades on these platforms along with the relevant bot ID to which trades should be directed.
Step 7. Setup/Create your Alert Messages
Create your TradingView alert and specify the 3Commas or Mizar webhooks as the destination for your alert messages.
How to use the ‘AutoTrader 👾 Signal Generator [BPLabs]’ Indicator
In TradingView, load up your asset’s chart and timeframe
Add the ‘AutoTrader 👾 Signal Generator [BPLabs]’ Indicator from your “Invite-only scripts”
Once it is added to the chart, adjust the settings from the gear icon
Read the tooltips (i)
Features
Generate automated trading signals to your favourite trading platform, 3Commas, Mizar or customise your own messages
Design trading strategies of any complexity, from super simple to complex
Block bad signals
3 x Moving Averages (MAs) on the same chart.
10 different MA calculation methods. Custom lengths and data sources.
2 x Trends on the same chart.
9 different Trend calculation methods. Custom lengths, multipliers/factors and data sources.
6 different Indicators and Thresholds to evaluate them against for making trading decisions
Reverse any indicator, should you find a contrarian position
Customise events using your favourite emojis 🤩
Customise colours
Highlight chart for Long & Short indication, including blocked signal differentiation
Updated with the latest and greatest indicators
📊 Chart Setup
We recommend you disable “Indicator Arguments” in the default chart settings in TradingView, to avoid polluting your chart with a long string of arguments.
You can change this setting as follows:
Select the “Gear Icon” ⚙️ (in the top-right of your chart) to access TradingView Chat Settings
Access the “Status Line” page on the left, and disable/deselect the “Arguments” checkbox on the right.
Example Setup – Default Settings
🟢 Long Pre-Condition: When the faster Moving Average MA2 of Length 50 is above the slower Moving Average MA3 of Length 200
🟢 Long Event Trigger: When the faster MACD crosses above the slower MACD Signal (bullish) – MACD uses defaults 26/12/9
No blocking conditions
🔴 Short Pre-Condition: When the faster Moving Average MA2 of Length 50 is below the slower Moving Average MA3 of Length 200
🔴 Short Event Trigger: When the faster MACD crosses below the slower MACD Signal (bearish) – MACD uses defaults 26/12/9
No blocking conditions
Example Setup – Resulting Signals
As you can see in the initial example setup, when the MACD crosses the slower MACD Signal line, this generates a LONG signal when it crosses ABOVE (Event L = BULL) and a SHORT signal when it crosses BELOW (Event S = BEAR).
But signals are only generated when their preconditions are satisfied, in this case LONG signals are only generated when the fast MA2 is above the slow MA3 (Precondition 1), and SHORT signals are only generated when the fast MA2 is below the slow MA3 (Precondition 4).
⚙️ Settings
Base Parameters
GO LONG/SHORT
Completely disable a direction if you only want to go one way
🎉 BPL Trend Surge Length
BlockParty Labs has a proprietary “Trend Surge” detection method which is intended to follow a trend. This is available as an Event Trigger, long or short. This value specifies the largest length used for the surge’s evaluation.
Lower numbers are noisier (more signals), than higher numbers. Different assets and timeframes need different lengths; some don’t work at all. So it needs testing.
Note also that trend-following can be problematic as typically you will also get a signal at the very end of a trend, so be careful.
Remember: “The trend is your friend until the end!” 😅
Nevertheless, an astute trader with the right strategy can turn this to their advantage by detecting the trend-end and inevitable reversal.
Signal Gap
To prevent multiple signals firing in a row, configure a gap here between alerts. This is useful if you have a noisy event.
Moving Averages
Moving Averages can be customised here and then can be referred back to as MA1, MA2 & MA3 in other sections of AutoTrader – these settings control the calculation of each MA.
Note that Length & Dataset Source are not customisable for Ehler’s MA Maximum Entropy Spectrum Analysis methods (MAMA & FAMA).
Trends
Trends can be customised here and then can be referred back to as T1 & T2 in other sections of AutoTrader – these settings control the calculation of each Trend.
Indicators can be customised here and then can be referred back to as Indctr A & Indctr B in other sections of AutoTrader – these settings control the calculation of each Indicator.
Indicator Calculation Method
Length
Thresholds
Thresholds are simply static numbers that you can use to compare things like Moving Averages, Trends & Indicators against. They have been grouped as A1/A2 and B3/B4 which allows you to treat two numbers as a range. This allows for tests like “Is Inside Range” or “Is Outside Range”. For example, A1=25 and A2=75 with Indicator A being an RSI could be configured to detect when RSI is in the middle or at its extremes.
Channels
Channels are a special type of Moving Average set that normally consists of at least an Upper & Lower bound, and sometimes also a Midline. You can then test whether some value has crossed the Upper or Lower part of this channel.
For now, only Bollinger Bands have been included as one of the most well-known channel methods, but others can be added by popular demand.
You can customise the channel:
Calculation Method
Length
Multiplier/Factor
Dataset Source
Trading Session
Start & End Timestamps
Define Start and End timestamps (either or both) to limit the trading session accordingly. Tick the corresponding checkbox to enable this limit.
Signals will only be generated within the time window limited by these Start and/or End dates.
Session Inclusions & Exclusions
To further define the trading session, you can specify
➕ Inclusions
➖ Exclusions
Here you can specify an integer (Session Index) which corresponds to a regular period, like day-of-week, trading hours, etc.
If you specify both an Inclusion and Exclusion here, they will interact. So for example, if you choose an Inclusion of “8” (Weekdays) along with an Exclusion of “3” (Tuesdays), AutoTrader will limit the trading-window to Mondays, Wednesdays, Thursdays & Fridays (i.e. Weekdays excluding Tuesdays).
(-4) => FTX BuyBack Std Hours = Monday 14:00 UTC – Tuesday 16:00 UTC
(-5) => FTX BuyBack Ext. Hours = Monday 02:00 UTC – Tuesday 16:00 UTC
🟢 Long & 🔴 Short – Signal Generation
Pre-Conditions
🟢 Long Pre-Conditions = 1, 2 & 3
🔴 Short Pre-Conditions = 4, 5 & 6
These are the background set of conditions you want to be present before any signals in this direction are generated.
For example, you may want to know whether one Moving Average is above/below another one, whether the current Close price is above/below the Open price (green/red candle), or whether a current Trend indicator is bullish or bearish.
This is a process of defining four fields:
1st Field (Left-hand field)
Operator (defines the relationship between the 1st & 2nd fields)
2nd Field (Right-hand field)
2nd Field Offset (# bars previous)
Here you define a pre-condition by comparing one field (the 1st) with another field (the 2nd) based on some comparison logic (operator).
If you don’t need any pre-conditions and only want signals based on a combination of events, then you can leave these fields blank.
When you configure multiple pre-conditions, then they all must be true together for a signal to fire in a particular bar (this AND that). If you instead want either signal to fire, you can make conditions optional (this OR that).
Lastly, if you want to compare some field to a previous version of another, then you can set the 2nd-Field an offset # bars back, where 0 means current bar & 1 means previous bar, etc. This offset only applies to the 2nd-Field and not the 1st-Field.
Event Triggers
🟢 Long Event Triggers = L, M & N
🔴 Short Event Triggers = S, T & U
Here you can fire alerts on specific events provided that they occur in the presence of the pre-conditions specified above. (You can also leave the pre-conditions blank if not needed.)
Note that these event triggers can fire Bullish (BULL) events or Bearish (BEAR) events (or BOTH).
Crossovers & Crossunders
In the case of Crossovers & Crossunders, ‘MA1 crosses MA3’ is ambiguous as to which MA crossed which, in which order. So for clarity in this case, BULL means MA3 crossed above MA1, if MA3 has a shorter length and BEAR if MA3 has a longer length. This is because the faster MA is leading and the slower MA is lagging.
Event Processing – Directionality
Depending on your strategy, you can customise how event triggers are processed, for example:
🟢 Longs: You may want to naturally FOLLOW a BULL signal
🟢 Longs: Alternatively, you may want to be a CONTRARIAN with a BEAR signal
🔴 Shorts: You may want to naturally FOLLOW a BEAR signal
🔴 Shorts: Alternatively, you may want to be a CONTRARIAN with a BULL signal
Event Processing – Offsets & Delays
If you want to wait some bars, you can specify how many bars forward you want the signal to fire after the event happened.
You can also hold a signal as occurring within a number of bars after a signal occurs.
For example, a ‘hold every bar until offset’ of 2 means the signal will be generated in the current bar, the next bar and the bar after that, i.e. ‘signal event plus 2 bars. This is useful when you want one event to fire before another event.
Grouping
📌 Tick to group events together (such that any event selected can fire within the group to generate a signal), otherwise each event will need to fire independently at the same time to generate a signal.
Untick this if you want this event to always be present to generate a signal. You usually want to do this with the final trigger if you have a series of events firing in sequence, to ensure it’s present on the active candle.
Blocking Events
Here you can block signals on specific events.
Blocking Events = X, Y & Z
Note that these blocking conditions be triggered from either the Bullish (BULL) or Bearish (BEAR) variations of the events (or BOTH).
Event Processing – Directionality
Depending on your strategy, you can customise how blocking event triggers are processed, for example:
You may want to use a BULL event for example (traditionally generated in the LONG direction) to block SHORT signals/trades.
Alternatively, you may want to use a BEAR event to block LONG signals/trades.
If your logic applies both ways, you can use BOTH (BULL and BEAR) event variations to block signals/trades.
Event Processing – Offsets & Delays
If you want to wait some bars, you can specify the offset of how many bars forward you want to wait for blocking to be applied after the event.
You can also hold a blocking condition as applying within a number of bars after the event occurs.
For example, a ‘hold every bar until offset’ of 2 means the block will be effective in the current bar, the next bar and the bar after that, i.e. ‘block event plus 2 bars’
Blocking – Directionality
You can specify in which direction you want to block based on a specific event trigger.
Remember that the direction in which an event is generated is independent of which direction a block can apply.
You specify this in two steps:
STEP 1 – Decide on the blocking event and variation you want to use.
STEP 2 – Decide what trade direction you want the setup in STEP 1 to block.
To block Longs for an event, enable corresponding 🟢
To block Shorts for an event, enable corresponding 🔴
Plotting
To plot Moving Averages, Trends or Event Triggers, enable the corresponding chart 📊 checkbox.
Automation
Automation is achieved by creating TradingView alerts.
When the signals from your strategy are generated and an active alert is running for that asset & timeframe, a JSON message will be generated which is compatible with either 3Commas or Mizar. The content of this message is customised by AutoTrader to trigger the opening of a position on the relevant Bot in a language that the specific platform understands and sent to the webhook address you have specified in the TradingView alert.
If you have a different platform/webhook you want to use, or you simply want to customise the text for email, you can do this by using the Custom syntax covered below.
Alert Style
You can customise the alert message depending on which platform you are using.
By selecting Mizar or 3Commas, the alerts generated will be in the JSON format necessary to open positions on this platform. Alternatively, if you are using some other platform (like Alertatron), you can customise your own alerts by selecting “Custom”. This also applies if you simply want a custom pop-up or email in some customised text format or with specific fields.
Authorisation Token
Enter the authorisation token here. This is how 3Commas or Mizar knows the command is authorised for your bots – so don’t give it to anyone or lose it.
Note the differing language:
3Commas = “Email Token”
Mizar = “API Key”
Bot ID
This is the Bot ID so that Mizar or 3Commas knows which bot will receive the commands. This is potentially different Bot IDs for Long and Short trades.
Alert Message: Custom
This is the content used for webhooks/alerts when Alert Style is set to “Custom”. It can be in any format, like JSON or flat text. It really doesn’t matter. The only processing is the replacement of placeholder fields with the live data at the time the signal is generated.
The following keywords/fields will perform auto-replacement when the signal is generated:
#ACTION# = Action to take (‘Entry’ in this case)
#ASSET# = Base Asset (e.g. for ETHPERP/USD, it will be ETH)
#AUTH# = ‘API Key / Email Token’ authorisation field
#BASE# = Base Asset (e.g. BTC)
#BOTID# = Long or Short ‘Bot ID’ field
#CANDLE# = Candle Timestamp (start of candle)
#CLOSE# = Close (price)
#DIRECTION# = Long/Short
#EXCHANGE# = Exchange of asset (from chart)
#HIGH# = High (price)
#ICON# = Emojis for Direction
#LOW# = Low (price)
#OPEN# = Open (price)
#PRICE# = Close (price)
#QUOTE# = Quote Currency (e.g. USD)
#TICKER# = Asset Ticker ID
#TIMEFRAME# = Chart Timeframe (e.g. 15m)
#TIMESTAMP# = Alert Time (usually end of candle)
#VOLUME# = Volume for candle”
Note that for perpetual futures using #BASE#, a hyphen will be auto-added to syminfo.basecurrency for “-PERP” assets. This is because TradingView does not have a hyphen in the assets name, but the Exchange does – so this must be added. An example here showing why this is necessary:
TradingView = FTX:ETHPERP
FTX = ETH-PERP
Example
Example flat-style text message for Custom or Text-Based alerts.
Copy from here and paste into the relevant webhook alert textbox if you like this format, or generate something else that meets your needs.
PREVIOUS
Indicator Lab ⚗️ Trading Toolkit [BPLabs]
NEXT
AutoTrader 👾 (Vertical-Layout) [BPLabs]
AutoTrader 👾 (Vertical-Layout) [BPLabs]
Instructions
Introduction
This TradingView indicator is a chart overlay for any asset or timeframe and supports crypto, stocks, forex, etc. The intention is to design a trading strategy to generate signals which can be used for automated or reactionary manual trading through alerts.
This is exactly the same AutoTrader engine as the original, but the settings have been laid out vertically, instead of horizontally.
The reason for a secondary layout is to support more advanced users.
The main driver is that by using a vertical layout, we can give all AutoTrader fields a unique name. This has the benefit of being able to completely backup/export all settings to a CSV file and reimport them later, or even allow you to share a killer strategy with your friends.
The feature to Export/Import Indicator settings is not natively supported by TradingView, but there are many Chrome extensions out there that have this functionality. We believe this is the original (or at least it’s the only one on GitHub):
Note that when you export settings, the CSV filename defaults to the name of the TradingView indicator (as seen on the chart) and for this reason, in this edition we have removed the 👾 emoji from the Indicator name (on the chart only) as some operating systems do not support emojis in filenames.
How to use the ‘AutoTrader 👾 (Vertical-Layout) [BPLabs]’ Indicator
In TradingView, load up your asset’s chart and timeframe
Add the ‘AutoTrader 👾 (Vertical-Layout) [BPLabs]’ Indicator from your “Invite-only scripts”
Once it is added to the chart, adjust the settings from the gear icon
Read the tooltips (i)
Refer to the original ‘AutoTrader 👾 Signal Generator [BPLabs]’ Documentation
Features
Same product as ‘AutoTrader 👾 Signal Generator [BPLabs]’, with additional benefits:
All fields have unique name, supporting export/import of settings to CSV files with relevant Chrome extensions
Safety Function: Security-sensitive fields (Authorisation Token, Bot IDs, etc.) have been excluded from export/import by exploiting this “feature” and giving them a blank field name
Default Example Strategy has been cleared to accelerate strategy creation
Import/Export Functionality
If you have installed the Chrome extension correctly, you will now see these Import & Export buttons appear in your browser at the bottom of the AutoTrader settings page.
PREVIOUS
AutoTrader 👾 Signal Generator [BPLabs]
NEXT
RoboStrat 🦾 Strategy Tester [BPLabs]
RoboStrat 🦾 Strategy Tester [BPLabs]
Instructions
Introduction
This TradingView strategy is a simulator and automated trade executor for any asset or timeframe.
Here the focus is not on generating signals, but on what to do with those signals once they’re generated, how profitable this approach may be and executing the full trade lifecycle once you’ve found the winning strategy.
This couples perfectly with BPLab’s ‘AutoTrader 👾 Signal Generator’ by taking those signals as an input, and overlay the trade strategy for entry, intra-trade management and exit.
Alternatively, you can use any other indicator in the marketplace or Pine Script you write yourself as the trade entry signals for use with RoboStrat.
Your main goal is to produce a risk-adjusted and profitable equity curve, from which you can execute a trading strategy, manually or automatically.
💡 Ideas
Does your strategy perform differently in Bull or Bear periods of the market?
Should you have a small Stop Loss and a large Take Profit, or vice versa?
Does your strategy improve if you move Stop Loss to breakeven once you’ve hit your first Take Profit?
Should you add money to a winning trade to accelerate profits, to a losing position to average entry price or maybe both?
Does it work better to have a fixed percentage Stop Loss or to use a dynamic ATR-based Stop Loss?
📝 General Approach
Step 1. Choose your Input Source for Entry Signals / Decide on your direction Long or Short
From where do you generate the signals to enter trades. Are you happy that these entry signals give the greatest chance of success?
Which direction do you want to trade? Long or Short or both?
Step 2. Clarify your trading session
Maybe your strategy only work on weekends, or weekdays, or maybe you want to exclude Mondays…
All this is possible by adjusting the trading session and you will see these periods blacked-out to indicate no trades will be generated at all during these periods. Note that active trades will still be closed during blacked-out phases, just no new trades will be started.
Step 3. Decide on your Risk Reward, Stop Loss & Take Profit
Your main goal is to design a strategy where your upside profit potential is larger than your downside loss potential. Usually this is achieved by having Take Profit be larger than your Stop Loss, thereby achieving a more favourable risk-reward ratio.
Note that RoboStrat allows you to test much more advanced trading methodologies, because really you want to maximise your upside and minimise your downside, and this is not always achievable with simple single-entry/single-exit mechanics. You may for example want to take some profits early and let the rest of the position run, rather than cutting a profitable position off at the earliest opporunity.
Step 4: Multiple Entries in the Same Trade
A method to reduce risk could involve not entering a 100% position at the beginning. You might want to reserve some capital to better average your entry based on price or spread out over time. This usually takes two forms:
Pyramiding – adding money when you’re in profit, usually at the beginning of the trade
DCA – adding money when you’re in a loss, to improve your average entry price and make a profitable exit easier, usually in the middle of the trade.
Note that with RoboStrat, pyramiding can also be configured to enter when you’re in a loss (not just in a profit), based on some time-based average (bar offset). Whereas DCA is the more traditional method (e.g. 3Commas, Mizar, etc.) to add money to a losing trade that happens at fixed distances from the entry price.
RoboStrat is also the perfect tool to tune the perfect volume & price scaling settings for 3Commas or Mizar, you can test these settings in advance as to the best approach without guessing!
Step 5. Configure Automation
For automated trade-entry & exit, you can set the style of alerts generated. At the moment 3Commas & Mizar are both supported. This list will be expanded in future.
You will need to enter your authorisation token to place trades on these platforms along with the relevant bot ID to which trades should be directed.
Step 6. Setup/Create your Alert Messages
Create your TradingView alert and specify the 3Commas or Mizar webhooks as the destination for your alert messages.
Because this is a TradingView Strategy and not an Indicator, you need to specify the following field as your alert text which will contain your customised alert message with your Bot IDs, Authorisation Tokens, etc:
{strategy.order.alert_message}
How to use the ‘RoboStrat 🦾 Strategy Tester [BPLabs]’ Indicator
In TradingView, load up your asset’s chart and timeframe
Add the ‘RoboStrat 🦾 Strategy Tester [BPLabs]’ Indicator from your “Invite-only scripts”
Once it is added to the chart, adjust the settings from the gear icon
Read the tooltips (i)
Features
Trade entry signals from AutoTrader or any other TradingView Indicator
Reversal Behaviour on Opposite Signal: Stop-out or Reverse Trade (Long to Short or Short to Long)
Other Trader Entry Options: Specific Bar #, Start Trading Session, Start on Realtime bar (this bar close), Dynamic Stops (Trend Flips), Random
Limit Maximum Number of Trades
Walk-Forward Optimisation (Evaluate/Train Strategy on Subset of Candles)
Pyramid Entries on Entry Signal or on regular Offset (restrict to only on profit or loss, or unrestricted)
Volume Scaling for Pyramid Entries
Dollar-Cost Averaging (DCA) using 3Commas/Mizar native settings & mathematics
Take Profit based on Average or Initial price
Multiple Take Profits with scaling distance and volume
Invert Stop Loss to create Take Profit
Stop Loss based on Average or Initial Price
Dynamic Stop Loss based on various customisable methods: Chandelier Exit, Donchian Channel, EMA, HMA, SMA, SuperTrend, Swing High/Low, Volatility Stop, ZeroLag EMA, ZeroLag LSMA
Deal Timeout (automatically close hanging deals)
Alternative Stop Loss at particular TP trigger – move to break-even, change to dynamic stop, ratchet stop loss and maintain #TP distance.
Example Pricing Table to understand multiple DCA & Take Profit order settings
Generate automated trading signals to your favourite trading platform, 3Commas or Mizar
📊 Chart Setup
We recommend you disable “Indicator Arguments” in the default chart settings in TradingView, to avoid polluting your chart with a long string of arguments.
You can change this setting as follows:
Select the “Gear Icon” ⚙️ (in the top-right of your chart) to access TradingView Chat Settings
Access the “Status Line” page on the left, and disable/deselect the “Arguments” checkbox on the right.
⚙️ Settings
Entry – Trade Initiation & Trading Session
GO LONG/SHORT
Completely disable a direction if you only want to go one way
Trade Example: Pricing Table
To help you size your DCA and TP orders, you can display a pricing table. This field allows you to disable it or to move it where you want it on the chart.
Overall Max Trade Limit
Limit the number of trades made.
Set to 0 (default) means no maximum number of trades in Signal mode (i.e. new trades on every Input Signal). For safety reasons, the default value of 0 for time-based trading will only place a single-trade.
Set to -1 means continuous back-to-back trades (for time-based: ‘Start of Trading Session’, ‘This Bar Close’, i.e. new trades are placed when the previous trade closes).
Set to any other positive number (> 0) to limit total trades taken to this number.
Note however that TradingView’s Broker Emulator only supports a maximum of 9000 orders. When we refer here to ‘trades’, we are referring to the opening and closing of a trade in one direction, which could include many many orders if you ramp up your TPs, DCAs, and Pyramids. So just FYI, these are not measuring the same thing.
Enter Trades On
Here you specify what trigger is used to enter trades and in what direction.
Input Signal – this is used to pull in an external indicator (like BPLabs ‘AutoTrader’) and match it’s value to value set in either ‘🟢 Long Entry’ or ‘🔴 Short Entry’.
Start of Trading Session – if you know a specific timestamp at which you want to start trading, select this option and specify the Start ▶️ timestamp below.
This Bar Close – this will only start trading when the current bar closes (that means the very last right-hand bar). Try it on the 1-minute chart to see how it works.
Dynamic Stops – use the direction-flip for the configured Dynamic Stop method as the entry signal. Good for generating a lot of signals for testing.
After Specific Bar – if you know the specific bar_index on which you want to enter a trade, select this option and specify the bar_index under ‘🟢 Long Entry’ or ‘🔴 Short Entry’. Note that if both are specified, the earliest trade will be entered first. Once the first trade is complete, trades will continue back-to-back attempting to alternate between Long and Short if Max Trades is set to -1.
Random – this setting interprets the value of ‘🟢 Long Entry’ or ‘🔴 Short Entry’ as tenths of percentage chance of entering a trade on each bar (between 0 and 1000 = so-called ‘per-mille’ = ‰). For example a value of ’10’ means that on average it will enter a trade one in every hundred bars.\n(10/1000 = 1/100 = 0.1% = 1‰)
Input Signal
Link your external indicator here that drives the strategy decisions (i.e. Long Entry, Short Entry, Reversals).
This is how you link your AutoTrader signals to Robostrat – load them both on the same chart, and then AutoTrader’s “Entry Signal” hidden plot will be available for selection:
Opposite Signal Behaviour
If you receive a signal in the opposite direction during an active trade, here you can configure what to do about it:
None = do nothing
Stop Out = close the existing trade (like a hard exit)
Reverse = close the existing trade, and then open a new trade in the opposite direction
Note, that if you have an advanced method for exit as well as entry, then you can configure AutoTrader with one direction for a strong entry, and the other direction for a strong exit – then in RoboStrat you can combine the two sets of logic by disabling the Exit direction (GO LONG or GO SHORT) such that it will only ever ENTER trades in one direction and setting Opposite Signal Behaviour to “Stop Out” such that the opposing signal will only ever be used for EXIT.
🟢 Long Entry & 🔴 Short Entry
These boxes primarily function as the value expected by the Input Signal that indicates a Long or a Short trade when “Input Signal” is selected in the field “Enter Trades On”. With AutoTrader, this value is 1 for Longs and -1 for Shorts. (If you write or develop your own Indicator in PineScript for use with RoboStrat, we recommend using these values for entry signals you produce.)
When “Enter Trades On” is set to “After Specific Bar”, then these fields will be interpreted as the bar number you want the first trade to enter on.
When “Enter Trades On” is set to “Random”, then these fields will be interpreted as tenths of percentage chance of entering a trade on each bar (between 0 and 1000 = so-called ‘per-mille’ = ‰). For example a value of ’10’ means that on average it will enter a trade one in every hundred bars.\n(10/1000 = 1/100 = 0.1% = 1‰)
Trading Session
Start & End Timestamps
Define Start and End timestamps (either or both) to limit the trading session accordingly. Tick the corresponding checkbox to enable this limit.
Trades will only be entered within the time-window limited by these Start and/or End dates.
Session Inclusions & Exclusions
To further define the trading session, you can specify
➕ Inclusions
➖ Exclusions
Here you can specify an integer (Session Index) which corresponds to a regular period, like day-of-week, trading hours, etc.
If you specify both an Inclusion and Exclusion here, they will interact. So for example, if you choose an Inclusion of “8” (Weekdays) along with an Exclusion of “3” (Tuesdays), RoboStrat will limit trade-entry to Mondays, Wednesdays, Thursdays & Fridays (i.e. Weekdays excluding Tuesdays).
To avoid overfitting, you can restrict trading to one section of the available history. Here we divide all bars in the available range by 4, and then give you the choice of which quarter to place trades within. This allows you to see for example if your strategy works equally well in bull, bear and sideway markets.
If you want to research this forward, lookup “Walk-Forward Optimization”:
Pyramiding is traditionally defined as adding money to a successful active trade that is in profit. Here we more loosely define it as adding additional money at the beginning of the trade somehow.
🟢 PYRAMID LONG & 🔴 PYRAMID SHORT
Enable here in which direction you want to expand your trade entry by adding additional trades.
Update TP on each Pyramid Entry
Each additional pyramid entry will change your average price as you add units at different prices. Here you can choose to automatically update your Take Profit targets based on this new average price.
Max Additional Pyramid Trades
Specify the maximum amount of additional pyramid trades to place after the initial base order. This maximum is per trade and so represents the upper limit of additional trades on every trade.
Pyramid Style (Enter Trades On)
When do you want to place additional trades?
‘Offset’ – means to place pyramid orders blindly at a certain repeated offset number of bars after the initial base order. You can restrict these to only when in Profit or only when in Loss.
‘Signal’ – only place trades when in ‘Input Signal’ mode and only when receiving additional signals in the same direction as the active trade.
Offset
This setting is only used when you have set ‘Pyramid Style’ to ‘Offset’. In that case, additional pyramid entries can be blindly added at some offset from the base trade. The purpose of this is to obtain an average price over time (similar to TWAP)
Restrict Pyramiding
Traditionally, pyramiding is defined as adding to a position when you’re already in profit. But here you could flip that to only add when in a loss, to improve your average position (on dynamic signals or statically spaced offsets). Or you can turn off this restriction.
Unscaled First Pyramid (match Base Order)
How big do you want the first pyramid order? Tick this option to match it to the base order. If this is disabled, the base order will be multiplied by the Volume Scaling value to determine the first pyramid order size.
Pyramid Volume Scaling
Each pyramid order can get smaller and smaller or bigger and bigger.
Value of 1 for Pyramid Volume Scaling means that all entries are the same size.
Value less than 1 for Pyramid Volume Scaling means each subsequent order will decrease in size.
Value greater than 1 for Pyramid Volume Scaling means each subsequent order will increase in size.
Note: if ‘Unscaled First Pyramid’ is enabled, it means that volume scaling is not applied to the first order, but only subsequent orders.
Entry – Dollar-Cost Averaging (DCA)
🟢 DCA LONG & 🔴 DCA SHORT
Enable or disable DCA trades in a particular direction. Note that these are additional trades in the same direction as the base trade but are placed when you are in loss/drawdown. The idea is that you average your purchase price by acquiring more units at better prices theoretically making your TP targets easier to achieve. All values work identically to the 3commas DCA bot logic.
Safety Order (SO) Size (%)
The first safety order you specify is what percent of the base order?
Initial SO Deviation (% from base order)
How many percent in drawdown/loss is your trade before you enter the first safety order?
Max Safety Order Count
How many safety orders can the strategy execute as an upper limit?
SO Volume Scaling
This number defines whether each safety orders after the previous gets bigger or smaller. This is the multiplier used to calculate the next safety order. A value of 1.0 means all safety orders are the same size.
Checkout the Example Pricing Table for more information.
SO Price Step
This number defines the spacing of safety orders as you get further into drawdown/loss. This is the multiplier used to calculate the next entry price for the next safety order. A value of 1.0 means all safety orders are evenly spaced.
Checkout the Example Pricing Table for more information.
Exit – Take Profit (TP)
Take Profit (TP) Based On
Take Profit targets are typically updated as your average purchase price improves, but you have the option here to fix them based on the entry price of the base order.
‘Stop Loss Inverted’ simply takes the percentage distance the Stop Loss is from the Average Price and inverts it to become the Take Profit price. Note that you can use the ‘TP Price Step’ in this case to increase or decrease this TP as a ratio of the Stop Loss distance. A value of 1.0 means that the TP is the same distance from the price as the current Stop Loss. This can be a quite interesting approach when your Stop Loss is Dynamic, as it by definition makes your Take Profit dynamic as well.
TP Profit %
Enter the percentage profit for the first TP target.
TP Count
How many TP targets do you want in total? Enter the total number here.
TP Price Step
When specifying multiple TPs, what spacing do you want to use between them? Note this works the same as the DCA price step, except in reverse. This is the multiplier used to calculate the next exit price for the next TP. A value of 1.0 means all TPs are evenly spaced.
This value is used to scale subsequent TP targets based on the initial TP price.
A value of 0.5 for example will reduce the distance between TP2 and TP1 to half of what it was between TP1 and the entry price.
A value of 2 will increase the distance between TP2 and TP1 to double.
This price step is applied to each TP in order based on the previous one.
Checkout the Example Pricing Table for more information.
TP Volume Scaling
How much volume do you want at each TP target? This value is used to scale subsequent TP volumes based on the initial TP volume. Note this works the same as the DCA volume scaling, except in reverse. A value of 1.0 means all TPs are the same size.
A value of 0.5 for example will reduce the volume of TP2 to be half of TP1.
A value of 2 will increase the volume of TP2 to double that of TP1.
Checkout the Example Pricing Table for more information.
Exit – Stop Loss
Primary Stop Loss (SL)
Select the primary style of stop-loss you would like to use before hitting any take profit targets.
Entry Price will fix the Stop Loss at the initial entry price.
Average price will update the Stop Loss as the average entry price changes.
Dynamic Stop Loss will use one of the DSL methods to calculate the breach threshold to become the Stop Loss setting.
SL Fixed Distance or Buffer %
The percentage of the price decrease/increase to set the Stop Loss.
SL Timeout (hours) (Fixed Distance %)
To avoid being wicked-out, set a stop loss timeout whereby the price must be underwater past this value for a specified amount of time before the Stop Loss will activate.
Alternate Stop Loss (ASL)
The Primary Stop Loss method is used before any take profits have been hit.
But here you can decide to use an alternative method to adjust the Stop Loss when you have hit a certain TP target.
ASL TP-trigger or TP-distance
This is the Take Profit (TP#) number that when hit will trigger the use of the Alternate Stop Loss rather than the Primary Stop Loss. (e.g. setting ‘2’ = @TP#2)
For the ‘Break-Even’ method, this trigger only happens once.
For the ‘Dynamic Stop Loss’ method, once the TP-trigger is hit, the Stop Loss will be updated on every bar after that.
For the ‘Ratchet’ method, the Stop Loss will ratchet/move up/down upon first hitting the TP-trigger. After that, it will maintain a distance as specified by TP-distance on each subsequent TP that is hit.
Exit – Hard Exits
Deal Timeout (hours)
Time is an important dimension of trading.
Part of your strategy could be determining that if the trade has not exited in a profit within a certain time period, to just timeout and close at market price. Here is where you would configure this Hard Exit method.
Dynamic Stop Loss (DSL) Method
Wherever Dynamic Stops are referred to, this is where you select their method of calculation.
Once you’ve chosen your Dynamic Stop Losses method, you can also customise:
Source 🥫 value from which they’re calculated
Length 📐
Factor/Multiplier 🧮
Some indicators don’t support changing these values, in which case they will use the default: e.g. SuperTrend doesn’t support changing source and Donchian has no multiplier/factor to change.
Note that the defaults set are as follows:
Donchian:L=20
SuperTrend:L=10,F=3
VolatilityStop:L=20,F=3 (usually 2)
Allow update/creation of DSL while in breach
Dynamic Stop Loss orders are based on some kind of breach-line and if you are already in breach, then creation of or update to this stop loss will instantly close your position at this price.
This may or may not be what you want.
For example, if you create a Long position but the SuperTrend indicator is already red (above your position), then if you set this as your Dynamic Stop Loss method without ticking this option, then when the DSL is created, your position will instantly stop-out (because the DSL is added above your current price).
By enabling this option, you can for example with a Long wait for the SuperTrend to turn green before creating the SL order.
Add SL Buffer % to DSL
If you want to space your Stop Loss some fixed percentage away from the Dynamic Stop Loss, you can enable this option here. Note this percentage is taken from the ‘SL Fixed Distance or Buffer %’ field.
📊 Plot DSL Tracker Line
Plot to the chart the DSL line selected.
Automation
Automation is achieved by creating TradingView alerts.
When the signals from your strategy are generated and an active alert is running for that asset & timeframe, a JSON message will be generated which is compatible with either 3Commas or Mizar. The content of this message is customised by RoboStrat to trigger the opening of a position on the relevant Bot in a language that the specific platform understands and sent to the webhook address you have specified in the TradingView alert.
Alert Style
You can customise the alert message depending on which platform you are using.
By selecting Mizar or 3Commas, the alerts generated will be in the JSON format necessary to open positions on this platform.
Authorisation Token
Enter the authorisation token here. This is how 3Commas or Mizar knows the command is authorised for your bots – so don’t give it to anyone or lose it.
Note the differing language:
3Commas = “Email Token”
Mizar = “API Key”
Bot ID
This is the Bot ID so that Mizar or 3Commas knows which bot will receive the commands. This is potentially different Bot IDs for Long and Short trades.
Commands
In order to manage the complete trade-lifecycle, RoboStrat doesn’t just generate Entry signals, it also generates Exit signals.
The challenge is that some platforms don’t yet support various entry or exit methods.
Additionally, some platforms perform these steps independently (like DCA), and so you just want to model these steps in the strategy without actually sending a command (in which case you can disable a command).
List of Commands: Table Position
If you want to see the actual commands that RoboStrat will send in place of {{strategy.order.alert_message}} when you create an alert, then you can display the commands table using the position in this setting.
PREVIOUS
AutoTrader 👾 (Vertical-Layout) [BPLabs]
NEXT
BlockParty Auto
BlockParty Auto
Automated trading allows hundreds of trades to be placed simultaneously ensuring a constant flow of profit. Our range of proprietary automated and pro-trader based algorithms can profit in both bull markets, ranging markets and dreaded bear markets 24/7.
The efficiency of this method lies in its full automation, you just need to allocate funds for the system to trade with.
Key advantages of automated trading: > 24/7 Trading – Trade while you sleep > Automated Trade Execution – Completely removing human error > Time Preservation – Allowing for passive income opportunity > Minimal Management – Removing the psychological duress of trading > Risk Aversion – Tested strategies allow for the the best opportunity of success
The continued success and growth of BlockParty Auto products means they consistently rank in the top 5 on multiple trading platforms for both returns and subscribers.
This is derived not only from consistent success of products but the unrivalled support offered by our team of pro-traders (based around the globe) and experienced trading automation developers to aid with queries and technical issues 24/7.
PREVIOUS
RoboStrat 🦾 Strategy Tester [BPLabs]
NEXT
AutoDCA
AutoDCA
Our most advanced Spot Trading Automated Bot – running successfully in live markets for over 2 years – now with more advanced logic than ever. To increase profit & reduce risk.
Cost – 15% Net Profit Performance-Fee
Target APY* – 60% to 180% Profitability – 3 out of 5
Risk – 1 out of 5 Ease Of Use – 5 out of 5
*Based on historical performance
The AutoDCA is powered by both automated algorhthims AND Pro-Trader driven trades from in-depth analysis. With constant Pro-Trader oversight profits can be trades can be opened and profits extended on market moving news, risk can be reduced should China decide to ban Bitcoin for the 400th time. We have taken all of the Spot algorhtims over the years combining them in to one powerful trading bot to take advantage of all market conditions.
The advanced machine learning & Pro-Traders oversight will always take advantage of bullish market conditions and lower frequency and commitment during the bearish periods.
Pro’s
>Trade while you sleep with our most tried , while maximising your results with the slightest of settings management.
> Understanding capital allocation as with any trading is always required and necessary
> Like with all long based spot products profit and performance decreases during bearish periods
> As with all DCA bots, the levels of safety they provide, mean by their very nature they are inefficient.
Perfect For….
>Someone with moderate levels of capital & a very light understanding of Crypto who is looking for a low risk product that they can tailor to maximise their profitability.
> Can commit a brief check a couple of times a month to update any minor adjustments if necessary
30 Default (It is highly recommended that you follow the Fear & Greed Filter to increase/reduce you active deals accordingly to help reduce risk exposure, alternatively only open 10 deals at a time to help avoid over commitment)
Allocation*
*This is an example based on the minimum allocation for a bot on Binance exchange. The default number of safety orders is 4. In this scenario the required allocation to run 30 deals with 4 Safety Orders each would be $3,654.48. This is NOT to be confused with the minimum required as you can change the number of active deals and/or the buy orders to your preference.
To find your own allocation preference then please use this basic ALLOCATION CALCULATOR
Active Deals
30
Base order size
20.00
Volume Multiplier
1.6
Safety order size
11.00
Layer
Step Price
Total Trade Allocation
Total Strategy Allocation
BUY
$20.00
$20.00
$600.00
1
$11.00
$31.00
$930.00
2
$17.60
$48.60
$1,458.00
3
$28.16
$76.76
$2,302.80
4 (Default)
$45.06
$121.82
$3,654.48
Allocation Strategy
There will be scenarios when there are more than 4 Safety Orders required on some trades therefore it is key to hold reserves of capital elsewhere for other trading or just banked. Alternatively you can remove safety orders from other trades or reduce your active deals in order to be able to increase the safety orders when required. Unfortunately with DCA there is no exact formula for allocation due to the nature of continual but controlled buying although it can be quite easily controlled and anticipated.
A good appraoch is to: > Allocate 0.5% of allocation for base order for lower risk, lower return > Allocate up to 1% of allocation for base order for higher risk, higher return
Active Deals Strategy*
*This functionality is currently under development to be entirely automated TBC
In order to safe-guard against overexposure to the market, following some very quick and easy rules can help maintain consistent year round profit and avoid capital being locked up extremely long term should a “Black Swan” event occur so we introduced the Fear & Greed Filter:
Check the Fear & Greed Index 7 day average (last week) ideally at least once every 7 days – although it is not the end of the world if it is longer, the bot has a lot of give. Simply adjust the active deals on your bot accordingly.
To do this head to the Subscriptions page on your Mizar dashboard
Select AutoDCA settings by clicking the “eye”
Select “Edit” and adjust your Max no. of Positions accordingly to your preference or the Fear & Greed Filter
How To Increase Safety Orders
Go to the Positions dashboard on Mizar
Open the settings to the specific position you want to increase or decrease the safety orders for by clicking “Settings”
Select “Edit Safety Orders” in the Position Manager and adjust the number of safety orders to your new preference
PREVIOUS
AutoDCA Bots
NEXT
AutoDCA Tutorial
AutoDCA Tutorial
This page is currentlyunder development...
PREVIOUS
AutoDCA Guide
NEXT
AutoHF
AutoHF
A varitation on our most advanced Spot Trading Automated Bot – running successfully in live markets for over 2 years – now with more advanced logic than ever. To increase profit & reduce risk.
Cost – 15% Net Profit Performance-Fee
Target APY* – 60% to 120% Profitability – 2 out of 5
Risk – 1 out of 5 Ease Of Use – 5 out of 5
*Based on historical performance
A variation on the AutoDCA bot that targets much smaller market exposure to allow for consistent functionality in all market conditions and to provide high liquidty to users at all points. Whilst still utilising all of the advanced tech from BlockParty at the cost
The advanced machine learning & Pro-Traders oversight will always take advantage of bullish market conditions and lower frequency and commitment during the bearish periods.
Pro’s
>Trade while you sleep with our most tried , while maximising your results with the slightest of settings management.
> Understanding capital allocation as with any trading is always required and necessary
> Like with all long based spot products profit and performance decreases during bearish periods although to a high perormance than AutoDCA
> As with all DCA bots, the levels of safety they provide, mean by their very nature they are inefficient.
Perfect For….
>Someone with moderate levels of capital & a very light understanding of Crypto who is looking for a low risk product that they can tailor to maximise their profitability.
> Can commit a brief check a couple of times a month to update any minor adjustments if necessary
> Better for more risk averesed traders with requirement for higher liquidity
15 Default (It is highly recommended that you follow the Fear & Greed Filter to increase/reduce you active deals accordingly to help reduce risk exposure, alternatively only open 5 deals at a time to help avoid over commitment)
Allocation*
*This is an example based on the minimum allocation for a bot on Binance exchange. The default number of safety orders is 4. In this scenario the required allocation to run 15 deals with 6 Safety Orders each would be $3653.91. This is NOT to be confused with the minimum required as you can change the number of active deals and/or the buy orders to your preference.
To find your own allocation preference then please use this basic ALLOCATION CALCULATORAllocation Strategy
Active Deals
15
Base order size
15.00
Volume Multiplier
1.5
Safety order size
11.00
Layer
Step Price
Total Trade Allocation
Total Strategy Allocation
BUY
$15.00
$15.00
$225.00
1
$11.00
$26.00
$390.00
2
$16.50
$42.50
$637.50
3
$24.75
$67.25
$1,008.75
4
$37.13
$104.38
$1,565.63
5
$55.69
$160.06
$2,400.94
6 (Default)
$83.53
$243.59
$3,653.91
There will be scenarios when there are more than 6 Safety Orders required on some trades therefore it is key to hold reserves of capital elsewhere for other trading or just banked. Alternatively you can remove safety orders from other trades or reduce your active deals in order to be able to increase the safety orders when required. Unfortunately with DCA there is no exact formula for allocation due to the nature of continual but controlled buying although it can be quite easily controlled and anticipated.
A good appraoch is to: > Allocate 0.4% of allocation for base order for lower risk, lower return > Allocate up to 0.8% of allocation for base order for higher risk, higher return
Active Deals Strategy*
*This functionality is currently under development to be entirely automated TBC
In order to safe-guard against overexposure to the market, following some very quick and easy rules can help maintain consistent year round profit and avoid capital being locked up extremely long term should a “Black Swan” event occur so we introduced the Fear & Greed Filter:
Check the Fear & Greed Index 7 day average (last week) ideally at least once every 7 days – although it is not the end of the world if it is longer, the bot has a lot of give. Simply adjust the active deals on your bot accordingly.
To do this head to the Subscriptions page on your Mizar dashboard
Select AutoDCA settings by clicking the “eye”
Select “Edit” and adjust your Max no. of Positions accordingly to your preference or the Fear & Greed Filter
How To Increase Safety Orders
Go to the Positions dashboard on Mizar
Open the settings to the specific position you want to increase or decrease the safety orders for by clicking “Settings”
Select “Edit Safety Orders” in the Position Manager and adjust the number of safety orders to your new preference
PREVIOUS
AutoHF Bots
NEXT
AutoHF Tutorial
AutoHF Tutorial
This page is currentlyunder development...
PREVIOUS
AutoHF Guide
NEXT
CopyTrader
CopyTrader
BlockParty Trading have teams up with Anny – Smart Trade platform to deliver the complete automated trading package. It would be great to be able to follow pro-traders exact trades 24/7 without lifting a finger , right? Well, now you can. We handle everything from entering the trade, setting the take profits and stop-losses as well as chasing the trades up when they achieve each target. Additionaly complete risk management is handled by the BlockParty team to ensure risk of ruin is minimized to almost zero. This service is exclusive to BlockParty Trading Members to never miss a BlockParty Trade 24/7.
It really could not be simpler to get started either – although you do need to make sure you see the “Checklist” below:
It’s that simple. Take a look at the Copy-Trader Set Up & Information page to learn more about the strategies.
PREVIOUS
AutoHF Tutorial
NEXT
Copy Trader Strategy & Information
Copy Trader Strategy & Information
Strategy Details
All trades are “powered” by the pro-traders in the BlockParty Trading team – using a combination of technical analysis, fundamentals and very advanced algorithms to help identify consistent opportunities across the market 24/7. Using a balance of strong winrate, strong risk:reward and even stronger risk management it helps lead towards a consistent profitable strategy.
You will only ever see a maximum of trades with risk attached at one time that fall within the risk limit closely monitored by the pro-traders at BlockParty – for example 0.25% per trade and 2.5% total risk limit equals 10 trades. There is an exception to this rule though due to the clever logic once a trade hits the first take profit – stop-loss is moved to break-even removing any risk and allows a new trade to be taken. So you could be in a scenario with 50 trades open but only 10 of those trades will be subject to any loss – pretty cool, aye!?
Whilst you really don’t have to do anything it is always dilligent to understand the allocation and risk, see below
BlockParty Futures
Minimum Allocation: $1000 Default Risk Per Trade: 0.25% – 0.5% Default Total Risk Limit: 2.5% Performance Fee: 15% Net PnL Per Calendar Month
Available on: Bybit, BitGet, Binance, Okex, Kraken
BlockParty Spot USDT
Minimum Allocation: $2000 Default Risk Per Trade: 1% Default Total Risk Limit: 10% Performance Fee: 15% Net PnL Per Calendar Month
Available on: Binance, Coinbase, Kraken, Okex, Bybit
BlockParty Spot BTC
Minimum Allocation: $2000 Default Risk Per Trade: 1% Default Total Risk Limit: 10% Performance Fee: 15% Net PnL Per Calendar Month
Available on: Binance, Coinbase, Kraken, Okex, Bybit
Copy-Trader Dashboard
It is important to note, that you are always in complete control of your allocation and risk, which is all adjustable from the Copy-Trader Dashboard
Allocated Capital – This is the amount that all of the risk and risk limits will work to – therefore if you allocation $1000 and there is a 1% investment in the trade then $10 will be invested into the trade. If you wish to “Over-Allocate” than what is in your wallet/exchange/Futures account, then you can, but be warned this will put you at a greater risk as you can be in a position where the trades are trying to use more than what is in your account – this becomes even more risky when attempting this in Futures as you can get margin called and thus liquidiated. Be aware of the above Strategy parameters and risk per trade before attempting anything like this.
Position Sizing* – You can adjust a fixed investment or risk per trade here or simply follow BlockParty’s recommendations. We are conservative and focus on long term profit…ALTHOUGH if you want to go more “degen” or have a bigger appetite for risk then you can increase your risk per trade here. Although please note that there can be up to 10 positions open at any one time therefore if all were to lose then your account will be subject to that amount of risk. For example if you have 10% per trade and 10 trades open then 100% of your account is at risk….not advised – although this can be controlled with your own personal risk limit, see below.
*IT IS NOT ADVISED TO USE THE INVESTMENT PER TRADE OPTION AS IT WILL NOT ALIGN WITH THE BLOCKPARTY STRATEGY
Risk Limt – This simply means how much you will allow your allocation be at risk to at any one time ie. if all of the open trades hit stop-loss then how much damage can be done? BlockParty has a clever risk limit infrastructure in place that will operate to 2.5% if you are following the default settings. You can only reduce this if using the defaul Position Sizing although if you go a little Degen and increase the Risk Per Trade in position sizing then it is advised to put a cap on how much this can go up to. For example if you set a Risk Per Trade to 10% and a Risk Limit to 50% then it means you will only be allowed to open 5 trades regardless of whether BlockParty sends further trades to your Copy Trader.
Entry: Define whether you want to enter automatically, which means as soon as the trade comes through you will enter or one-click follow, which means you can decide with one click whether to enter the trade or not.
Exchange: Define which wallet/exchange you have connected to Anny you wish to trade from
Compound – This will automatically increase/decrease the allocation you set in line with profit and loss from the strategy.
Anny is a crypto smart trading platform that lets you automate the trade signals from our signals channel. The most advanced copy-trading platform available in the Crypto space – allowing for full individual trade management, an extremely fair and competitive fee structure (Free if you choose to use the affiliate link) and complete risk management with a Net Profit monthly performance fee mechanism – which means you only pay if you are winning!
If you opt to not use the Anny Affiliate links then a full breakdown of Anny’s fees can be seen here If you have any further questions about Anny visit their Help Centre.
Remember all Futures carries inherent risks and liquidations of funds regardless of multiple precautions and strategies put in place. Always use nominal amounts and minimise risk until you are fully versed on how futures operates both on Anny & your chosen exchange as we hold zero liability for lost funds via strategy or technical issues.
PREVIOUS
CopyTrader
NEXT
3commas Bots
3commas Bots
3Commas is one of the most popular and longest running smart-trade platforms – with a range of exchanges and assets to trade with it has become very popular. It offers a great basis for automated trading and functions to develop a great passive income stream. It is a reliable platform and great for an “All-In-One” platform for trade and exchange management.
> Fixed Safety Order structure to always buy as the market drops
> Fully algorithmically traded A.I. managed bot with machine learning. Cost– $30 per month + VAT (If applicable to country of residence)
Target APY – 70% to 140% Profitability– 3 out of 5
Risk – 2 out of 5 Ease Of Use – 3 out of 5 Pro’s
> Pro-Trader only trades – based on analysis and fundamentals >Trade while you sleep with our cheapest automated product, while maximising your results with the slightest of settings management.
>Zero realised losses assuming real world conditions.
>No upper limit on investment.
>Zero slippage on trades. >Trades Stablecoin and BTC assets
Con’s > Requires a minor element of self-management & as with all DCA bots, is susceptible to higher levels of drawdown.
> Profit slows down heavily in a bear market.
> As with all DCA bots, the levels of safety they provide, mean by their very nature they are inefficient.
Perfect For…. >Someone with moderate levels of capital & a very light understanding of Crypto who is looking for a low risk product that they can tailor to maximise their profitability.
> Can commit a brief check once every 7 days to update the minor adjustments if required
> Happy for potentially longer term returns whilst capital is being used or does not require 24/7 liquidity Market >Spot Direction >Long Exchanges >Binance
>Binance US >FTX >Bittrex >Coinbase Pro >Okex
>Kucoin >ByBit
> Kraken
Quote Assets >USDT/USD/USDC/BUSD Base Assets > All available USDT pairs on Binance > All available BTC pairs on Binance
Signal Style >BreakOut
> Mean Reversion
> HODL > Fundamental
Frequency
> 3-5 per day during bullish periods > 0-1 per day during bearish periods Signal Logic > 100% Pro-Trader Based
Exit Protocol Fixed Safety Order Coefficient Recommended Max Active Deals
20
FEAR & GREED FILTER STRATEGY – IMPORTANT MUST READ
Check the Fear & Greed Index 7 day average (last week) ideally at least once every 7 days – although it is not the end of the world if it is longer, the bot has a lot of give. Simply adjust the active deals on your bot accordingly to do this go to the bot DCA Bot screen on your 3Commas account On your BotParty Bot click on the pen and paper icon
Adjust the Max Active Deals to the recommended percentage of your Maximum number of open trades according to the Fear & Greed table
All you have to do is check the Fear & Greed Index at least once a week, basic maths and remember your maximum number of open trades/deals.
> 24/7 Fully Automated trading bot combining three of our most successful DCA products.
> Trades across multiple exchanges on BTC & USDT
> Fixed Safety Order structure to always buy as the market drops
> Fully algorithmically traded A.I. managed bot with machine learning. Cost – $30 per month + VAT (If applicable to country of residence)
Target APY – 70% to 140%
Profitability– 3 out of 5
Risk – 2 out of 5 Ease Of Use – 3 out of 5 Pro’s >Trade while you sleep with our cheapest automated product, while maximising your results with the slightest of settings management.
>Zero realised losses assuming real world conditions.
>No upper limit on investment.
>Zero slippage on trades. > Currently trades Stablecoin and BTC
Con’s > Requires a minor element of self-management & as with all DCA bots, is susceptible to higher levels of drawdown.
> Profit slows down heavily in a bear market.
> As with all DCA bots, the levels of safety they provide, mean by their very nature they are inefficient.
Perfect For…. >Someone with moderate levels of capital & a very light understanding of Crypto who is looking for a low risk product that they can tailor to maximise their profitability.
> Can commit a brief check once every 7 days to update the minor adjustments if required
> Happy for potentially longer term returns whilst capital is being used or does not require 24/7 liquidity Market >Spot Direction >Long Exchanges >Binance
>Binance US >FTX >Bittrex >Coinbase Pro >Okex
>Kucoin >ByBit
> Kraken
Quote Assets >USDT/USD/USDC/BUSD >BTC
Base Assets > All available USDT pairs on Binance > All available BTC pairs on Binance
Signal Style >Breakout >Mean Reversion Frequency 30 Signals per day in bullish periods 0-5 signals per day in bearish periods
Exit Protocol Fixed Safety Order Coefficient
Recommended Max Active Deals
15
FEAR & GREED FILTER STRATEGY – IMPORTANT MUST READ
Check the Fear & Greed Index 7 day average (last week) ideally at least once every 7 days – although it is not the end of the world if it is longer, the bot has a lot of give. Simply adjust the active deals on your bot accordingly to do this go to the bot DCA Bot screen on your 3Commas account On your BotParty Bot click on the pen and paper icon
Adjust the Max Active Deals to the recommended percentage of your Maximum number of open trades according to the Fear & Greed table
All you have to do is check the Fear & Greed Index at least once a week, basic maths and remember your maximum number of open trades/deals.
PREVIOUS
BigWickEnergy / Pro-Trader
NEXT
BlockParty Tools - Overview
BlockParty Tools – Overview
These are online tools and systems that we use to trade.
We can’t provide guarantee’s about the safety and security of these tools and services however we can tell you that we do use them all on a daily basis.
PREVIOUS
BotParty / Automated Trader
NEXT
Mizar
Mizar
Mizar is a brand new Next-Gen Smart Trade Platform that delivers answers to all Smart Trade & DCA solutions.
BlockParty Trading have been consultants throughout the building of Mizar to tailor it perfectly to both the new and seasoned trading, incorporating all the necessary and advanced tools to make your trading experience smooth and most importantly more profitable. The key and most exciting tool we will be using predominantly here is the “BlockShift”. This now fully automates Safety Orders to only buy when there is a dip or significant point to buy at instead of being tied to fixed coefficients. This dramatically improves efficiency but most importantly in the automated trading world the requirement for manual intervention. The other key tool here is the Auto-Compounder that will automatically increase your capital allocation in trades relative to your initial capital input to maximize capital efficiency. Finally Mizar works solely on a “No Win, No Fee” basis – therefore if there is no profit then there is no monthly fee incurred (Not to mention the first $10k traded volume free each month).
PREVIOUS
BlockParty Tools - Overview
NEXT
TradingView
TradingView
Trading View is where the world charts, chats and trades markets. We’re a supercharged super-charting platform and social network for traders and investors.
PREVIOUS
Mizar
NEXT
Tensor charts
Tensor charts
Tensor Charts give access to major exchange order books. This real-time data shows buy and sell orders at various prices allowing you to gauge general market sentiment as well as pinpoint price support and resistance.
PREVIOUS
TradingView
NEXT
Fear & Greed Filter
Fear & Greed Filter
The Fear & Greed index is an industry standardised tool which measures the sentiment of the market.
We use this as a baseline to help us manage our bots and we have a dedicated strategy using this tool, more details can be found here.
There is also an extremely helpful mobile widget to let you monitor market sentiment on the go.
PREVIOUS
Tensor charts
NEXT
3c stats (leverage calculator)
3c stats (leverage calculator)
The 3commas futures anti-liquidation bot calculator helps you find your ideal 3Commas bot setup, find optimal account reserves and manage your risk.
PREVIOUS
Fear & Greed Filter
NEXT
Exchanges
Exchanges
You will need an exchange to place your trades / connect your bot too.
Different exchanges are available in different regions, have different trading fee’s and different available trading pairs. Do your own research, or speak to other members of the community if you want some feedback or ideas.
With an international team of experienced pro-traders working under the hood, BlockParty Trading has developed successful bespoke trading strategies, algorithms & automated systems for everything from individual wealth managers to corporate investment funds.
What We Do
– Build Bespoke Algo’s & Strategies – Create whitelabelled automated strategies for private or commercial use – Support High Net Worth & commercial investment funds via non-custodial routes
Contact Us:
E-Mail: Admin@BlockPartyTrading.com
PREVIOUS
Exchanges
Update succesful!
Sign up to start your 7 day free trial
Full access to our PRO plan for 7 days. No payment will be taken until your trial period ends.
