OPEN-SOURCE SCRIPT
DAYTRADE GPT Strategy
This is the DAYTRADE GPT Strategy — built for disciplined intraday traders aiming to grow small capital into serious gains through calculated, high-probability trades.
🔍 Strategy Overview:
- Combines Bollinger Bands, RSI, Stochastic RSI, and Volume Spike detection for precise entries.
- Auto-detects optimal LONG and SHORT positions.
- Built-in Stop Loss and Take Profit using a configurable Risk/Reward ratio (default 1:2).
- Includes dynamic trailing stop logic to scale and protect profits once in the green.
🎯 Designed for:
- Scalping and short-term trades on crypto or highly liquid assets.
- Traders who scale positions as profits increase.
- High-frequency setups backed by volume confirmation.
💡 How It Works:
- Long when price is outside lower BB, RSI < 40, Stoch RSI oversold, and volume spike detected.
- Short when price is outside upper BB, RSI > 60, Stoch RSI overbought, and volume spike detected.
- Uses trailing stop once profitable to lock in gains as price climbs.
- Fully customizable: risk ratio, trailing %, and indicator sensitivity.
📈 Goal: Turn consistent setups into strategic wins. Ideal for those growing accounts from $100 toward $100K by December through disciplined trade management.
Let the algorithm handle entry/exit while you focus on execution. Adjust settings for your market.
#Crypto #DayTrading #Scalping #PineScript #Strategy
🔍 Strategy Overview:
- Combines Bollinger Bands, RSI, Stochastic RSI, and Volume Spike detection for precise entries.
- Auto-detects optimal LONG and SHORT positions.
- Built-in Stop Loss and Take Profit using a configurable Risk/Reward ratio (default 1:2).
- Includes dynamic trailing stop logic to scale and protect profits once in the green.
🎯 Designed for:
- Scalping and short-term trades on crypto or highly liquid assets.
- Traders who scale positions as profits increase.
- High-frequency setups backed by volume confirmation.
💡 How It Works:
- Long when price is outside lower BB, RSI < 40, Stoch RSI oversold, and volume spike detected.
- Short when price is outside upper BB, RSI > 60, Stoch RSI overbought, and volume spike detected.
- Uses trailing stop once profitable to lock in gains as price climbs.
- Fully customizable: risk ratio, trailing %, and indicator sensitivity.
📈 Goal: Turn consistent setups into strategic wins. Ideal for those growing accounts from $100 toward $100K by December through disciplined trade management.
Let the algorithm handle entry/exit while you focus on execution. Adjust settings for your market.
#Crypto #DayTrading #Scalping #PineScript #Strategy
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.