Wunder Keltner botWunder Keltner bot
1. Wunder Keltner bot is based on the breakout of the Keltner channel. For calculation, 2 channels are used, one for long trades, and the other for short trades. The division into 2 channels is used for more accurate entry calculations depending on trend directions.
2. The ADX indicator is used to filter signals and determine the trend strength. ADX determines the strength of the trend and confirms the entry into the strategy if the value is greater than the level indicated in the settings.
3. There are 3 ways to calculate Stop Loss and Take Profit. You can choose one of them:
Classic Stop Loss and Take Profit in a fixed percentage
ATR Stop Loss
Keltner. Stop Loss, which is set on the opposite Keltner’s Channel Band from Keltner breakout.
4. ATR and Keltner use Risk Reward (R:R) to calculate Take Profit. The script calculates Risk Reward based on the determined Stop loss level and uses the ration to calculate Take Profit.
5. A function for calculating risk on the portfolio (your deposit) has been added to the script. When this option is enabled, you get a calculation of the entry amount in dollars relative to your Stop Loss. In the settings, you can select the risk percentage on your portfolio. The loss will be calculated from the amount that will be displayed on the chart.
For example. Deposit - $1000, you set the risk to 1%. SL 5%. Entry volume will be $200. The loss at SL will be $10.10$ this is your 1% risk or 1% of the deposit.
Important! The risk per trade must be less than the Stop Loss value. If the risk is greater than SL, then you should use leverage.
The amount of funds entering the trade is calculated in dollars. This option was created if you want to send the dollar amount from Tradingview to the exchange. However, putting your volume in dollars you get the incorrect net profit and drawdown indication in the backtest results, as TradingView calculates the backtest volume in contracts.
To display the correct net profit and drawdown values in Tradingview Backtest results, use the ”Volume in contract” option.
Tradingbots
Reticulata Enhanced - StudyBuilding on our core script - Reticulata, the enhanced version features several requested extras to give you more flexibility with your trading style.
What is Reticulata Enhanced?
The Reticulata core leverages a blend of MA/RSI strategies mixed with the BBB optimised logic for risk management. This enhanced version takes it a step further with additional risk management features:
Trailing Stop
Fixed Stop
Fixed Stop, but move at TP
Trend confirmation
Usage
Using the indicator is as simple as:
1. Select the strategy, or combination of strategies you want to use
2. If desired, select one or more of the available trend filters
3. Adjust your stop options
4. Review backtest results
Markets
Like the core, the enhanced algo also supports a range of markets and timeframes, including the majors ( EURUSD , etc...) in Forex and a variety of Cryptocurrencies including Bitcoin (BTC/XBT etc...).
All of our scripts are designed for manual traders but are ready to use with automated trading bots.
PM us to obtain access.
