Joint Conditions Strategy Suite + TradingConnector alerts bot

The Joint Conditions Strategy Suite + TradingConnector alerts bot tool is a comprehensive backtesting and automation framework designed to combine multiple technical conditions into a single execution logic. It allows users to create complex entry and exit rules using a variety of built-in indicators and multi-timeframe analysis without needing to write code.

Usage

The script functions by evaluating up to three concurrent conditions for both long and short entries. Each condition is built using a "Selector + Operator + Level" logic, similar to the standard TradingView alert interface.

• Logic Example: To enter a long position when the Stochastic K crosses above the Stochastic D while the price is above a Moving Average, you would set Condition 1 to Stoch%K + Crossing Up + Stoch%D, and Condition 2 to Close + Greater Than + maB.
• Indicator Selection: Users can choose from price data (OHLC), RSI, Moving Averages (EMA, SMA, etc.), ADX-DMI, Stochastics, Bollinger Bands, and Keltner Channels.
• Multi-Timeframe (MTF): The indicator definitions section allows for an MTF multiplier. For instance, setting a multiplier of 4 while on a 1-hour chart will pull data from the 4-hour timeframe.
• Custom Indicators: You can link external scripts by selecting a "Custom Indicator" source in the settings, allowing the suite to trigger based on external plots or signals.

Details

The strategy is built for modularity, utilizing an external library for indicator calculations to maintain focus on the conditional logic. It is optimized for use with the TradingConnector bot, meaning the generated alerts contain all necessary trade metadata (Stop Loss, Take Profit, Trailing Stop) in a single string syntax. This eliminates the need for separate closing alerts and ensures the broker receives exit instructions immediately upon entry.

Settings

• Entry Conditions (Long/Short): Dropdown menus to define the logic for entering trades. All active conditions must be true for a signal to fire.
• Indicator Definitions:
  • RSI/MA/ADX/Stochastic: Customizable parameters for each built-in indicator, including length, source, and MTF multipliers.
  • Moving Average Type: Select between SMA, EMA, WMA, VWMA, HMA, RMA, and DEMA.
• Custom Indicator Source: A field to pick a plot from another indicator on your chart to be used in the logic.
• Exit Settings: Configure Stop Loss (SL), Take Profit (TP), and Trailing Stops using Percent, ATR, or Points.
• Time Settings: Define a specific date range for the strategy backtest.

FAQ

How do I access Joint Conditions Strategy Suite + TradingConnector alerts bot?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Can I use this for automated trading?

Yes, the script is specifically designed to work with the TradingConnector bot. Set your alert to "alert() function calls only" to pass the formatted trade parameters to your broker.

Does the strategy support pyramiding?

No, pyramiding is not supported in this version of the strategy template.