Thanks a lot for watching and thanks a lot Arun! I am hyped to backtest this over the long term so I rely on you guys pushing this video. Just an additional note: In the loop at the end I am just showing the base logic. Everything is rightly calculated but you need to start the iteration AFTER the first hour candle. So it should rather be: for index, row in day_one[2:].iterrows(): .....
@@arunkamath I am totally amazed that you also found out this idea. I actually have been working on this thing for a long time now . I also developed an indicator that plots the 0.5. 0.618 and 1.5, 1,618 levels based on the first 5 min or first 1 min candle. The accuracy rate is good of the reversals or any highs and lows that form during the day for nifty. If you read this comment let us connect and discuss about it.
Hi 👋 Can u make a tutorial how to develop a Tool that can execute trades faster that enter the app of Binance and make the order ,that will help when there is news and u want to react fast and buy .is this possible? Thx❤
@@Algovibes thx sir , not a bot that make trades alone I mean a tool on desktop that I manage it and enter a trade on it and the trade enters at binnace the hole idia to be faster in enter trade than enter the Binance app and to a trade
Thank you for sharing another great video. I am wondering next videos about this strategy. I have question : If i join to code access pack, can i download your previous codes. Greetings.
Amazing video and can't wait for the second part, I do have one question tho. Should we calculate entry, sl, and tp at the first hour for each day? meaning if the day ends and we got to Jan 2 we need to recalculate the entry, sl, and tp right?
Thanks buddy. Yes that's the challenge which will be covered in the follow up video. In a nutshell: You need to only pull new levels if you are currently not in a position when the day begins. When you are still in a position from the previous day you are keeping the old levels.
Very explanatory video... You just got yourself a subscriber.. Thanks a bunch ps: I'd also appreciate it if you can create a free beginners course which explains trading concepts with python here on RUclips and some basic strategies. Thank you very much and I'm looking forward to watching more of your videos. Cheers
Thanks a lot for subscribing man, that's a big support! Be invited to check out my other videos - I am doing and did quite a lot of stuff ranging from beginner to advanced topics. Be invited to e.g. check out the Python for Finance playlist and Cryptobot playlist.
If you ignore high and lows columns you make big mistake because this is a glitch in this strategy. If there is a spike on low or high the sell on profit or stop loss can easily happen few times a day. So it will be nice to see this simulation on entirely year but with highs and lows and start from $100.
It's not a mistake at all. As said in the video we are only considering closed candles. You CAN construct a strategy with intra candle movements but you won't be able to design it without pulling more granular data.
I probably would have checked if a high of any of the intraday candles broke the target and add that as a win and vice versa if a low of an intraday candle falls below the stop loss line as being a loss. In a live trading scenario you would exit the trade immediately upon hitting the target or stop loss and not still be in the trade if it closes back below. I would also register the entry price as the 0.618 price and not the close. You see a candle could also open below the entry line and close above the target line. In which case this code would miss that. So more things to consider.😁Sorry I am just thinking out loud... I know its just a simple scenario and a bit of fun. Good job. 👍
Very good thoughts! Problem with that is: How can you know in a case where both conditions (High above tp / Low below SL) occur which one was occurring first? You can't say without pulling more granular data (which you can definetly do but makes the coding more complex)
Thanks a lot @algovibes for another interesting content. Looking forward to next part eagerly. One suggestion would be to use any other asset class except crypto to analyse these results. Crypto doesn't have any underlying asset.
Nice 😁 Sorry for delivering that late. Sometimes you just need to remind of stuff. I am always thankful for suggestions!
Год назад+1
Wie wäre es mal mit einem online-Dashboard mit fastAPi oder flask zur Darstellung der Assets und deren current prices. Und der Auflistung der trades (new, fill, canceled) und der Einer trading Historie ? Das wäre doch auch ein guter 3 Trailer oder?🎉😊
Ist eine cool Idee, agreed. Ich hab schon n paar Dashboards gecovered mit streamlit wenn du an sowas interessiert bist. vielleicht kannst du da was sinnvolles finden.
do you have any software packages ready to edit for one of the major Investment Firms such as Etrade, TDAmeritrade, Interactive Brokers, or Tradestation? It would be nice to have code ready to go for live automated trading so I can edit and make my own strategies.
Really good stuff. Quick question, am I doing this right: for ii in day_one: conditions = [((in_position == False) & (day_one.Close >= entry)), ((in_position == True) & (day_one.Close >= tp) | (day_one.Close
Thanks for this algo vibes. In the 3rd video can you please consider high and the low. Because during high momentum days, it sometimes closes directly above the TP. So our entry would be higher than the TP price. Even if it closes below the TP price, the difference is very small so the profit seems negligible.
Moinsen. Mega Ding. Ich hab das mal fix in tradingview mit pinescript berechnet. Ich hab jedoch die 0:00 bis 0:59:59 Daten als berechnungsgrundlage genutzt. Ich sag ma so täglich zw. 0,3 und 1,5 A%. Bis jetzt 2 losses. Bei über 100 trades. Funktioniert etwas angepasst an die Eigenarten auch für eth. 🎉
Very welcome! Happy to read. I am using Jupyter Notebook here. VSC is a great pick as well. It also has an extension for .ipynb files which I am using in my videos mostly.
@@Algovibes Awesome, thanks for the information, I'm just getting started so when I was watching, I kept having to print lines to follow but now I know! keep up the content love it!
Hey @AlgoVibes! this is awesome! are you including the short side of the strategy or just focusing on the long side? also, when are you uploading part 2?
Hi Miguel🙋🏻 Thanks mate. Short selling probably in part 3. First covering the long side. Probably releasing next weekend. I do not have much time during the week (unfortunately).
If you want gold quality content this guy is just what you need, and damn it , its free! the least we can give back is support. please share it with to anyone you know that is interested for these kind of contents! Lastly thank you algovibes ! :)
Another great video, regarding the iterrows for loop, do you think we should skip the first row since we won't trade on the first hour or am I understanding it wrong, let me know. Thanks
![BACKTESTING an Intraday FIBONACCI Trading Strategy in Python [PART II]](http://i.ytimg.com/vi/chQvO0WaSYs/mqdefault.jpg)
![BACKTESTING an Intraday FIBONACCI Trading Strategy in Python [PART II]](/img/tr.png)
![GRID TRADING STRATEGY implemented in Python [basically must watch]](http://i.ytimg.com/vi/pvdxNFagNvk/mqdefault.jpg)
![I asked CHATGPT to build a Tradingbot with Python for me [LIVE data]](/img/1.gif)
Thanks a lot for watching and thanks a lot Arun!
I am hyped to backtest this over the long term so I rely on you guys pushing this video.
Just an additional note: In the loop at the end I am just showing the base logic. Everything is rightly calculated but you need to start the iteration AFTER the first hour candle. So it should rather be:
for index, row in day_one[2:].iterrows():
.....
Thank you so much ❤️
@@8moons853 Sure! Just check out the About section on my channel.
@@arunkamath I am totally amazed that you also found out this idea. I actually have been working on this thing for a long time now . I also developed an indicator that plots the 0.5. 0.618 and 1.5, 1,618 levels based on the first 5 min or first 1 min candle. The accuracy rate is good of the reversals or any highs and lows that form during the day for nifty. If you read this comment let us connect and discuss about it.
Hi 👋
Can u make a tutorial how to develop a Tool that can execute trades faster that enter the app of Binance and make the order ,that will help when there is news and u want to react fast and buy .is this possible?
Thx❤
Sure! I have a whole playlist on doing exactly that (cryptobot playlist). Be invited to explore that and let me know if you need anything else!
@@Algovibes thx sir , not a bot that make trades alone I mean a tool on desktop that I manage it and enter a trade on it and the trade enters at binnace the hole idia to be faster in enter trade than enter the Binance app and to a trade
My dear, could you create an algorithm that identifies harmonic patterns?
Thanks for the suggestion! Will see what I can do
Thank you for sharing another great video. I am wondering next videos about this strategy.
I have question : If i join to code access pack, can i download your previous codes.
Greetings.
Welcome buddy. Yes there are not all but a lot of notebooks uploaded! Looking forward to welcome you as a channel member :-)
@@Algovibes Thank you for your reply, i have joined your channel now.
i sent email to your mail address at your profile page. I am waiting your reply. Thanks.
Amazing video and can't wait for the second part, I do have one question tho. Should we calculate entry, sl, and tp at the first hour for each day? meaning if the day ends and we got to Jan 2 we need to recalculate the entry, sl, and tp right?
Thanks buddy. Yes that's the challenge which will be covered in the follow up video. In a nutshell: You need to only pull new levels if you are currently not in a position when the day begins. When you are still in a position from the previous day you are keeping the old levels.
Very explanatory video... You just got yourself a subscriber.. Thanks a bunch
ps: I'd also appreciate it if you can create a free beginners course which explains trading concepts with python here on RUclips and some basic strategies.
Thank you very much and I'm looking forward to watching more of your videos. Cheers
Thanks a lot for subscribing man, that's a big support!
Be invited to check out my other videos - I am doing and did quite a lot of stuff ranging from beginner to advanced topics. Be invited to e.g. check out the Python for Finance playlist and Cryptobot playlist.
Hi may i know the 1st hour candle here is with reference to what timezone?
Would be very interesting to know if this works on stock Indices like DAX and NASDAQ and even Forex pairs.
It should. I got this strategy for nifty. People use first 5 to 15 minutes candle.
Agreed. Should be testing that as well. Thanks for the suggestion!
If you ignore high and lows columns you make big mistake because this is a glitch in this strategy. If there is a spike on low or high the sell on profit or stop loss can easily happen few times a day. So it will be nice to see this simulation on entirely year but with highs and lows and start from $100.
It's not a mistake at all. As said in the video we are only considering closed candles. You CAN construct a strategy with intra candle movements but you won't be able to design it without pulling more granular data.
My mistake I forgot trading bot is market taker not market maker.
Round 0.382 is the proper inverse of the Fibonacci ratio round 0.618.
I noticed that as well but it doesn't matter as it is not part of the strategy.
I probably would have checked if a high of any of the intraday candles broke the target and add that as a win and vice versa if a low of an intraday candle falls below the stop loss line as being a loss. In a live trading scenario you would exit the trade immediately upon hitting the target or stop loss and not still be in the trade if it closes back below. I would also register the entry price as the 0.618 price and not the close. You see a candle could also open below the entry line and close above the target line. In which case this code would miss that. So more things to consider.😁Sorry I am just thinking out loud... I know its just a simple scenario and a bit of fun. Good job. 👍
Very good thoughts! Problem with that is: How can you know in a case where both conditions (High above tp / Low below SL) occur which one was occurring first? You can't say without pulling more granular data (which you can definetly do but makes the coding more complex)
great "series" man
thanks buddy :-)
Curious what you think about dividend-paying shares and strategies about buying/selling them. Cheers!
Interesting question!
superb
thx mate!
Thanks for sharing Fibonacci with Python. Maybe you should follow with forecasting.
Hi buddy, what in specific would you be interested in? Thx!
Thanks a lot @algovibes for another interesting content. Looking forward to next part eagerly. One suggestion would be to use any other asset class except crypto to analyse these results. Crypto doesn't have any underlying asset.
Thanks a ton for the suggestion and for watching as well ofc.
This is the same thing I asked you a year ago in the comments on RUclips, thank you for fulfilling my wish :)
Nice 😁 Sorry for delivering that late. Sometimes you just need to remind of stuff. I am always thankful for suggestions!
Wie wäre es mal mit einem online-Dashboard mit fastAPi oder flask zur Darstellung der Assets und deren current prices. Und der Auflistung der trades (new, fill, canceled) und der Einer trading Historie ? Das wäre doch auch ein guter 3 Trailer oder?🎉😊
Ist eine cool Idee, agreed. Ich hab schon n paar Dashboards gecovered mit streamlit wenn du an sowas interessiert bist. vielleicht kannst du da was sinnvolles finden.
do you have any software packages ready to edit for one of the major Investment Firms such as Etrade, TDAmeritrade, Interactive Brokers, or Tradestation? It would be nice to have code ready to go for live automated trading so I can edit and make my own strategies.
Well I am using Python for that. Or did I just not get your question?
@@Algovibes what brokers do you have setup for trading with a bot?
Really good stuff. Quick question, am I doing this right:
for ii in day_one:
conditions = [((in_position == False) & (day_one.Close >= entry)),
((in_position == True) & (day_one.Close >= tp) | (day_one.Close
Thanks for this algo vibes. In the 3rd video can you please consider high and the low. Because during high momentum days, it sometimes closes directly above the TP. So our entry would be higher than the TP price. Even if it closes below the TP price, the difference is very small so the profit seems negligible.
Welcome buddy! You mean the intra candle high and low?
@@Algovibes yes please.
Moinsen. Mega Ding. Ich hab das mal fix in tradingview mit pinescript berechnet. Ich hab jedoch die 0:00 bis 0:59:59 Daten als berechnungsgrundlage genutzt. Ich sag ma so täglich zw. 0,3 und 1,5 A%. Bis jetzt 2 losses. Bei über 100 trades. Funktioniert etwas angepasst an die Eigenarten auch für eth. 🎉
Danke! Hast du fees mit berücksichtigt?
@@Algovibes okay. Nein. Aber die sind bei Bybit nur 0.01% als Limit (entry) und takeprofit/ sl (0,06 % als market Order)
Thanks for the great video, I am learning so much from you, very knowledgeable. I can't believe information like this is free!
On another note, what IDE are you using to calculate the I/O as you go? is it an extension that you are using? I'm using VS Code
Very welcome! Happy to read. I am using Jupyter Notebook here. VSC is a great pick as well. It also has an extension for .ipynb files which I am using in my videos mostly.
@@Algovibes Awesome, thanks for the information, I'm just getting started so when I was watching, I kept having to print lines to follow but now I know! keep up the content love it!
Hey @AlgoVibes! this is awesome! are you including the short side of the strategy or just focusing on the long side? also, when are you uploading part 2?
Hi Miguel🙋🏻 Thanks mate. Short selling probably in part 3. First covering the long side. Probably releasing next weekend. I do not have much time during the week (unfortunately).
@@Algovibes Yes please! It would be really interesting to see a long-short trading strategy simulated with your approach!
@@Algovibes and Short selling never happened.
If you want gold quality content this guy is just what you need, and damn it , its free! the least we can give back is support. please share it with to anyone you know that is interested for these kind of contents!
Lastly thank you algovibes ! :)
Thank you so much for your kind words my friend. Appreciate you!
Another great video, regarding the iterrows for loop, do you think we should skip the first row since we won't trade on the first hour or am I understanding it wrong, let me know. Thanks
Thanks a ton Jerry :-) Please check the pinned comment regarding your point.
Am curious like an arrow bow to the next video. ;-)
Haha :-) Thanks for your comment mate. You are making future content possible with that!
Awesome video!
Thanks a lot Marcell. Appreciate your comment!