I have modded the amazing KOB sideways trend script. The mods are the following.
-SAR This seems to weight in better directional trend yet I am not 100% sure of its efficacy.
– Trailing stop loss when short with cooldown period
. The idea here is that if you trade bellow 1x on futures by either using isolated lev or manually making use of an excell sheet to calculate your effective lev when on cross. There is no point in setting a stop loss from when the bot goes long.
The idea is simple. Given enough time let it be 10days or 3 years the price will go up, If you are trading bellow 1x the potential pull back is fully predictable and unreachable. However, the same cannot be said in the common event of a shor squeeze wherein a stop loss and a cool down period could very well save equity. There is no way to predict upside potential. Hence shorting is inherently more dangerous than longing and should not be done without a stop loss and a cooldown period.
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