In this video, the host showcases the process of creating an advanced recurring buy strategy using a TradingView strategy in Pine Script. The strategy consists of determining how frequently and how much to buy. The video then delves into how to turn the recurring buy into a more advanced strategy, incorporating technical analysis and even tweaking entries and exits to optimize returns. The host walks through writing a Pine script and shows demos of different scenarios using the strategy. Additionally, the script is adjusted based on the user’s risk-profile and profit objectives. The complete code and future versions of this accumulator script are made available to the TTP community.
- 00:05 Introduction to Recurring Buy Strategy
- 00:43 Improving the Recurring Buy Strategy
- 00:58 Writing a Python Script for the Strategy
- 01:08 Explaining the Strategy
- 01:51 Coding the Strategy
- 02:12 Introducing the Accumulator Script
- 02:57 Improving the Strategy with RSI
- 04:19 Exploring the Cyclic RSI
- 05:01 Deciding the Best Buying Strategy
- 05:27 Implementing the Exit Strategy
- 06:10 Fine-tuning the Strategy
- 06:47 Coding the Strategy in Pinescript
- 08:15 Testing the Strategy
- 09:30 Improving the Strategy with Conditions Plugin
- 11:29 Finalizing the Strategy
- 15:32 Understanding Profit and Loss Strategy
- 15:48 Controlling Exit Strategy in Cold Weather
- 16:28 Creating Variables for Minimum Profit
- 17:31 Adding Exit Percentage Variable
- 18:20 Understanding Average Position Size
- 18:45 Reconnecting Entries and Exits
- 19:18 Adjusting Order Sizes and Number of Orders
- 19:43 Understanding Accumulation and Profit Taking
- 21:15 Controlling Accumulation Based on Average Price
- 21:58 Creating Variable for Profit Control
- 24:06 Fine Tuning Parameters Based on Past Performance
- 24:54 Final Changes to the Script
