My strategies

Preface

TIP

Pairs - A pair consists of two cryptocurrencies that will ultimately be traded according to our strategy.

Position Sizing - Before starting automated trading, you must define the position size for each pair. This is configured within this section.

Interface Overview

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Strategy Settings

Symbol A / Symbol B — These are the two coins you select for trading.

Timeframe — Selects the candlestick interval on which backtesting and, consequently, subsequent automated trading will be performed.

Bar Count — 1 bar = 1 candlestick. This defines the number of historical candlesticks used to run the backtest. The maximum is 50,000 bars.

Z-Score Period — The default value is 300. Determines the distance between deviations (spreads). A higher value means greater distance between entry levels.

Margin (USDT) + Leverage + Position Size — These three parameters are interconnected. For example, if you set a Margin of 100 and Leverage of 2, the Position Size will display a value of 200 (100 * 2).

Commission Rate (%) — The commission fee accounted for in the backtest. It is applied both on entry and exit.

Entry Levels (+/-) — These are the levels at which the strategy enters a position. The level values represent the degree of deviation of the pair from its initial correlation. By default, these are set to +2, +3, +4 and -2, -3, -4.

Exit Z-Score — The deviation level at which your position will be prematurely closed

DANGER

Please note that the strategy cannot detect which margin type (Cross or Isolated) is set as your default on Bybit. Keep this in mind, as for isolated trading, high leverage can adversely affect your trading performance. We do not recommend setting leverage higher than 1.

Additionally, if you still decide to trade with high leverage, be aware that one of the coins in a pair may not support such leverage on the exchange. In this case, the pair will not open positions.

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Add to my Strategies

Name - The pair names and timeframe are entered here by default. You can change it as you prefer.

Description — Here, you can write any notes or details you consider necessary.

Add to My Strategies — Saves the strategy, making it appear in the "My Strategies" tab and available in "Automated Trading".

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Chart

This chart displays the correlation deviation of the selected pair.

• The dashed lines represent the entry levels you selected in the settings.
• The blue circles indicate entry points into a position.
• The purple circles indicate exit points from a position.

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The backtesting results display the following information:

On the left is the profitability chart, based on the selected pairs and their configured settings.

Right-hand panel:

• Net PNL — Profit or Loss resulting from the backtest.
• Total trades — Number of trades executed during the selected period.
• Winrate — Percentage of profitable trades.
• Profit Factor — Ratio of gross profit to gross loss.
• Avg PNL — Net PNL divided by the total number of trades.
• Total Comm. — Shows the total commission consumed by the trades in the backtest. This parameter is an estimate based on the rate you set in the settings.
• Avg Duration — Average duration of trades for this strategy.

An example of working with the strategy

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I'm using the "search strategies" feature to quickly find pairs based on profitability.

For the parameters, I selected:
Primary Asset (Symbol A): WIFUSDT
Timeframe: 3m
Bar Count: 50000

After analyzing the options by comparing profitability charts, I chose TAIUSDT.

Stable profitability chart for the selected WIFUSDT/TAIUSDT pair.

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For the chosen pair and its configuration, I customize the position size based on my requirements.

Afterwards, I click the blue "Apply & Run Simulation" button to save the changes.

Next, I change the name and click the green "Add to my strategies" button to save the pair in the "My strategies" section.

Saved pair in "My strategies"

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Now I can activate the selected strategy for "Auto-trading".