WizeDec Multi is an add-on to WizeDec 2.0.
Disclaimer: WizeDec is a very high risk strategy and should be used with extreme caution!
With WizeDec, the only drawdown was that trades sometimes happened too far apart. This meant dormant periods for trades and for profits. What WizeDec multi allows you to do is to run up to 10 pairs at once from the same script and limit the amount of pairs that you want to have open at once. By using multiple tickers at once, dormant periods are less frequent and trades come in at a more consistent rate.
Templates
The templates that the user can set in this script affect the entry and exit points for that ticker. The templates consist of several internal values that determine the personality of the script. The templates are in no particular order.
Using this script
It is recommended to run this script on the BTCUSDT ticker for reasons explained below.
This script is meant to be run on one ticker. This means that all the necessary calculations for other tickers are done within the script by importing the data from said tickers. The reason why this should be run on BTCUSDT is that then the alerts will not be delayed and will always fire right when the candle closes. With lower volume coins, the alerts can fire multiple seconds after the candle has already closed.
Otherwise, the ticker that this script is set to run on does not influence the functionality of this script. It may only affect when the alerts are generated by TradingVIew.
When using this script, you will also see results in the Strategy Tester tab. The Strategy Tester tab to be ignored since this does not serve a purpose with this script!. The trades are “simulated” on the ticker that you are using it on, but this does not mean that the results that you see are the ones you will get.
The Strategy Tester and the results tab do not influence the functionality of the script whatsoever.
It is also not recommended to change anything from under the “Properties” of this script. The initial capital is set so that there will always be capital to support the simulation of new entries. The default pyramiding value also guarantees that it will always be possible to open new trades.
Set the maximum amount of open pairs
WizeDec Multi offers you the option to set how many different pairs you want to allow to be kept open at once. This means that you can allocate more capital to each trade and thus increase theoretical profits. You can limit the amount of pairs from the “Maximum open trades” input. If this value is set to “1”, then only one trade is kept open at once and no other trades are taken until that one trade has closed.
Option to prioritize tickers
Since this script can be used to automate trading on 10 different pairs at once, then the script must filter new entry signals if multiple of them come at once. WizeDec Multi prioritizes tickers based on their order in the input window. The higher a ticker is in the list, the higher priority it also has. If ticker A and ticker B both produce first entry signals on the same candle and just one spot is open (e.g. “Maximum open trades” is set to 1), then the ticker that is higher in the list will be taken.
Customizable inputs for each ticker
For users of WizeDec, the inputs available for each ticker are already familiar. These are the template number, take profit value and re-entry percent.
General inputs
The most important input that is joint within the script for each ticker is the maximum amount of entries per trade. This value can be changed from the input “Maximum amount of entries”. This is controlled by one input for every ticker, since this is meant for automatisation via 3Commas (see “Automatisation” below) and 3Commas has a fixed position size for each bot. Thus it is not reasonable to lower the amount of maximum entries for any coin, as you would just decrease the safety.
Automatisation
As stated above, this script is meant for automatisation via 3Commas and the automatisation options with this script are currently limited to that platform. 3Commas gives each user their email token and each bot a bot ID. These will have to be inserted into the strategy and will be used to generate the required entry and exit syntaxes. If you would like to automate this strategy script, then all you need to do is set the email token and user ID correctly and add just one alert with the message {{strategy.order.alert_message}}. Upon entry or exit signals, this message will then be converted into the necessary entry or exit syntaxes. If multiple entries happen to be on the same candle, then multiple signals are generated.
Supported exchanges
WizeDec Multi also has the option to change the exchange. This will determine which exchange is used to get data. The available options are Binance and FTX.
Populating tickers
If you want to add a ticker to the list, then make sure to include the whole ticker name. For example, to add the pair BTC/USDT, write BTCUSDT in the ticker field. Then select the template number that you want to use for that ticker and insert that into the field right next to the ticker name field. You can search for suitable template numbers using the WizeDec Strategy 2.0. Then set the take profit and re-entry values and tick the box next to the ticker name.
Disclaimer: WizeDec is a very high risk strategy and should be used with extreme caution!
With WizeDec, the only drawdown was that trades sometimes happened too far apart. This meant dormant periods for trades and for profits. What WizeDec multi allows you to do is to run up to 10 pairs at once from the same script and limit the amount of pairs that you want to have open at once. By using multiple tickers at once, dormant periods are less frequent and trades come in at a more consistent rate.
Templates
The templates that the user can set in this script affect the entry and exit points for that ticker. The templates consist of several internal values that determine the personality of the script. The templates are in no particular order.
Using this script
It is recommended to run this script on the BTCUSDT ticker for reasons explained below.
This script is meant to be run on one ticker. This means that all the necessary calculations for other tickers are done within the script by importing the data from said tickers. The reason why this should be run on BTCUSDT is that then the alerts will not be delayed and will always fire right when the candle closes. With lower volume coins, the alerts can fire multiple seconds after the candle has already closed.
Otherwise, the ticker that this script is set to run on does not influence the functionality of this script. It may only affect when the alerts are generated by TradingVIew.
When using this script, you will also see results in the Strategy Tester tab. The Strategy Tester tab to be ignored since this does not serve a purpose with this script!. The trades are “simulated” on the ticker that you are using it on, but this does not mean that the results that you see are the ones you will get.
The Strategy Tester and the results tab do not influence the functionality of the script whatsoever.
It is also not recommended to change anything from under the “Properties” of this script. The initial capital is set so that there will always be capital to support the simulation of new entries. The default pyramiding value also guarantees that it will always be possible to open new trades.
Set the maximum amount of open pairs
WizeDec Multi offers you the option to set how many different pairs you want to allow to be kept open at once. This means that you can allocate more capital to each trade and thus increase theoretical profits. You can limit the amount of pairs from the “Maximum open trades” input. If this value is set to “1”, then only one trade is kept open at once and no other trades are taken until that one trade has closed.
Option to prioritize tickers
Since this script can be used to automate trading on 10 different pairs at once, then the script must filter new entry signals if multiple of them come at once. WizeDec Multi prioritizes tickers based on their order in the input window. The higher a ticker is in the list, the higher priority it also has. If ticker A and ticker B both produce first entry signals on the same candle and just one spot is open (e.g. “Maximum open trades” is set to 1), then the ticker that is higher in the list will be taken.
Customizable inputs for each ticker
For users of WizeDec, the inputs available for each ticker are already familiar. These are the template number, take profit value and re-entry percent.
General inputs
The most important input that is joint within the script for each ticker is the maximum amount of entries per trade. This value can be changed from the input “Maximum amount of entries”. This is controlled by one input for every ticker, since this is meant for automatisation via 3Commas (see “Automatisation” below) and 3Commas has a fixed position size for each bot. Thus it is not reasonable to lower the amount of maximum entries for any coin, as you would just decrease the safety.
Automatisation
As stated above, this script is meant for automatisation via 3Commas and the automatisation options with this script are currently limited to that platform. 3Commas gives each user their email token and each bot a bot ID. These will have to be inserted into the strategy and will be used to generate the required entry and exit syntaxes. If you would like to automate this strategy script, then all you need to do is set the email token and user ID correctly and add just one alert with the message {{strategy.order.alert_message}}. Upon entry or exit signals, this message will then be converted into the necessary entry or exit syntaxes. If multiple entries happen to be on the same candle, then multiple signals are generated.
Supported exchanges
WizeDec Multi also has the option to change the exchange. This will determine which exchange is used to get data. The available options are Binance and FTX.
Populating tickers
If you want to add a ticker to the list, then make sure to include the whole ticker name. For example, to add the pair BTC/USDT, write BTCUSDT in the ticker field. Then select the template number that you want to use for that ticker and insert that into the field right next to the ticker name field. You can search for suitable template numbers using the WizeDec Strategy 2.0. Then set the take profit and re-entry values and tick the box next to the ticker name.
ملاحظات الأخبار:
Changed how the ticker names are handled by the script. When using this script, all tickers must now be specified in a AAA/BBB format, dividing the base currency from the ticker name with a slash. (E.g. MATIC/USDT, LINK/BTC etc.)
ملاحظات الأخبار:
Alert adjustments
ملاحظات الأخبار:
Added version number 1.1
ملاحظات الأخبار:
Adjustments to optimise the code in order to make it run more reliably
v1.2
v1.2
ملاحظات الأخبار:
Added uptrend toggle
v1.3
v1.3
ملاحظات الأخبار:
Changed input order in UI