Thank you Perez. I will try that and let you know if I have success. Cheers.
Thank you Ares, I will let you know if I have success. Cheers.
wouldn’t it be better to create a short version of this strategy then we can also benefit from the both bullish and bearish markets?
I created some time ago a short strategy that I shared on Gainium’s discord but I didn’t took the time to optimise it, backtest it again with the new features and share it here. If you feel motivated to do it, don’t hesitate
I wish I had the knowledge of indicators, I am just looking at you guys, amazing efforts, I saw it on discord but “bot does not exist” message appears every time I click it.
Prior indicator knowledge is useful to backtest strategies but not mandatory. What I recommend you if you want to create a short BB%B strategy is
- Understand how this strategy works (don’t need a full understanding but the basics are necessary)
- Change Long by Short and inverse all the indicators / parameters (ex : percentile 90% to percentile 10% and so on)
- Choose a bear trend period to backtest
- Optimize the parameters little by little (ex: change percentile 10% to 8% and see if there is a difference when backtesting) and write down all the modifications and results because you might not remember all the changes you’ve made.
- Share your insights so we can discuss about it
interesting, I will test it. it will be much nicer to have a short strategy, because if long one is not taking any trades, short bot will be busy, bot will be working no stop in both market conditions, I will learn it and try to modify into a short strategy.
You will see that long bot is not working only when there is an uptrend on a higher timeframe, is more subtil than that. Also, if you want to use the short strategy in the actual conditions (bull trend), you will see that is hard to get a profitable strategy but it gets easier on a real bear trend.
If you get aprofitable short strategy that works during bear and bull market, you have something really nice!
yes , profitability matters at the end, I want to take advantage of the time when there will be no daily buy candles on combine ratings, so it works like an inverse bot for longing and shorting. I have backdated one, I use percentage as take profit, I am still working on it BTW, here is the link
https://app.gainium.io/bot/backtests?a=2797&aid=share-backtest&backtestShare=2580087e-f443-4113-9526-ab45ebb320e8
I am using your backtest settings, results are very interesting, please can you provide opposite settings for , Market structure , MAR indictor and ATH for creating a short bot? as I am not really aware how these indicators work.
I’ve tried to create a short bot with opposite settings but haven’t been able to find a good one.
but can you tell me what can be opposite of these settings?
Hmm thats a good question:
- Market Structure: Not sure, I think “Price Higher than” “Higher High”
- MAR - Possibly same settings but “Value” Higher than “1.02”
- ATH - I wouldn’t use it for a short bot.
But like I said, I haven’t found a good short version of this bot. But maybe if I have time today or tomorrow I’ll take a look at it.
I think I am on to something…
https://app.gainium.io/bot/backtests?a=140&aid=share-backtest&backtestShare=19598635-8572-456f-8ddd-fe53b66c3d4b
Hello @salmanhamza, nice to see that you tried to develop some short BB%B strategy. I tried to replicate your results and this seems quite interesting:
With the shared settings, I obtain this:
And if I extend the period to analyse bear market 2021 I obtain this (the max drawdown does not have a lot of sense here as it is more than 100%):
Be cautious if you start this strat as I’ve seen that is not working this well with Bitcoin…
Bull market 2023: -8,91% net result (-46.1% max drawdown)
Bear market 2021: -9.67% net result (-61.13% max drawdown)
Yes i have backtested it, it only works with specific coins, it does not perform well with BTC, ETH, BNB,.
Did you try these?
I have also tested your strats @remy1111
For Bear 2021 to June 2024 I obtain: 2583% net result (-11% max drawdown)
For Bear 2021 I obtain: 265% net result (-64,51 max drawdown)
For bull market 2023 I obtain: 540 net result (-3,63% max drawdown).
The results are amazing, I really like the fact that you are using divergences combined with ratings and BB%B, the only thing that concerns me a little bit is that you are using 95% of the total BTC with 10x leverage, so if this go bad, it can go very bad but at the same time there are not a lot of deals (83 for bear 2021 to june 2024), so this means that it only enters a position in case of very nice conditions Could be a nice option to try to open deals on other coins to see if it’s going this well also! (will try to test it)
Let us know about any improvement on this one, but I think that I will open some paper bots to see how this goes!
Hehe yes I was doing it