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Trading bots & Backtesting results using Mean Deviation
Discover below a selection of trading bots based on the Mean Deviation indicator and how they have performed in backtesting. You can test all these bots (and many more) for free on thousands of assets, using their complete historical data.
Trading bot: Simple Linear Regression Trend Following with Mean Deviation and SL on TWKS
During the backtesting period from September 15, 2021 to November 11, 2023, the trading strategy demonstrated promising results. With a profit factor of 2.53, the strategy generated positive returns. The annualized return on investment stood at 10.37%, indicating consistent profitability over time. On average, positions were held for 1 day and 14 hours, suggesting an active trading approach. The strategy executed an average of 0.22 trades per week, reflecting a selective and deliberate trading style. Out of the 25 closed trades, 44% were winning trades. Moreover, the strategy outperformed the market, surpassing the buy and hold strategy by generating excess returns of 914.7%. These statistics suggest the potential effectiveness of this trading approach.
TWKS
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Trading bot: Simple Linear Regression Trend Following with Mean Deviation and SL on BOND
Based on the backtesting results statistics for the trading strategy, which took place from July 2, 2021, to October 21, 2023, significant insights can be derived. The strategy exhibited a profit factor of 1.16, indicating positive returns in relation to the risk taken. The annualized return on investment stood at an impressive 16.01%, indicating consistent profitability over the tested period. The average holding time for trades was one week and three days, suggesting a relatively short-term approach. With an average of 0.21 trades per week, the strategy presented a conservative approach. The strategy generated a total of 26 closed trades, with a winning trades percentage of 38.46%. Notably, when compared to a buy and hold strategy, this trading approach outperformed significantly, yielding excess returns of 1032.97%.
BONDUSDT
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Mastery of Mean Deviation with Trading Bots
1. Choose a reliable trading bot platform that supports Mean Deviation indicator.
2. Sign up and create an account on the selected trading bot platform.
3. Connect your trading account to the bot platform by providing necessary credentials.
4. Access the bot's settings and select Mean Deviation as the preferred trading indicator.
5. Set the desired parameters for the Mean Deviation indicator, such as time period and deviation value.
6. Enable the bot to start trading based on the Mean Deviation signals it generates.
7. Monitor the bot's performance and adjust the settings if necessary for better results.
Mean Deviation is a statistical measure that represents the average distance between data points and a central value, usually the moving average. It helps identify market volatility and potential trading opportunities based on deviations from the mean. Using trading bots simplifies the process of applying this indicator in real-time trading scenarios.
Optimal Algorithmic Trading Techniques with Mean Deviation
Mean Deviation is a trading indicator that helps algorithmic traders identify trends and market volatility. It measures the average distance of a stock's price from its mean value over a set period. By calculating this, traders can determine how far a stock's price is deviating from its average, allowing them to make informed trading decisions.
One effective strategy for algorithmic trading is to use Mean Deviation as a confirmation tool. When the deviation is high, it indicates increased volatility and potential trading opportunities. Traders can combine this with other indicators to validate signals and minimize false positives. Additionally, Mean Deviation can also be used to set stop-loss levels, providing a way to manage risk and protect trading positions. Overall, incorporating Mean Deviation into algorithmic trading strategies can enhance decision-making and optimize profit potential.
Trading Indicator: Deviation Limit Explained
It is used to measure the volatility of a financial instrument. Stop Loss Mean Deviation is a variation of this indicator that specifically focuses on determining the optimal stop loss level for a trade. By calculating the mean deviation of price movements, traders can establish a threshold at which they are willing to exit a position to prevent further losses. This helps protect their capital and minimize the impact of market fluctuations. Stop Loss Mean Deviation is particularly useful for traders who want to implement a systematic approach to their stop loss strategy. It provides them with a quantitative measure to determine when to cut losses and exit a trade based on the historical volatility of the financial instrument.
Insights on Mean Deviation Trading Bot
It is based on the concept of calculating the mean average of price movements. The Mean Deviation trading bot utilizes this indicator to make trading decisions on your behalf. By analyzing historical data and identifying patterns, the bot aims to predict future price movements. The bot calculates the mean deviation as a measure of volatility and uses it to determine entry and exit points for trades. With its automated nature, the Mean Deviation trading bot can constantly monitor and execute trades based on preset rules. This algorithmic approach eliminates human emotions and biases, potentially leading to more consistent and profitable trading results. Whether you are a beginner or an experienced trader, the Mean Deviation trading bot can be a valuable tool in your trading strategy.
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Frequently Asked Questions
Yes, there are free trading bots available for Mean Deviation analysis. One such example is the Gekko trading bot. Gekko is an open-source platform that allows users to build their own trading strategies and utilize various technical indicators, including Mean Deviation, for automated trading. It provides a user-friendly interface and supports multiple cryptocurrency exchanges. Additionally, Gekko has an active community contributing to its development, making it a reliable and popular choice for traders seeking free trading bots based on Mean Deviation.
One way to make a trading bot without coding is by using a no-code platform or a pre-built bot builder. These tools often provide a user-friendly interface with drag-and-drop functionality that allows you to create and customize your trading bot by simply selecting pre-defined actions and strategies. Additionally, you can connect these bots to various cryptocurrency exchanges to execute trades on your behalf. It's essential to thoroughly research and choose a reputable platform that suits your needs and offers reliable integration with your preferred exchanges.
The cost of a trading bot can vary significantly depending on its functionality and complexity. Basic trading bots may be available for free or at a low cost, typically ranging from $10 to $50 per month. However, more advanced and customizable bots may come at a higher price, often ranging from $100 to several thousand dollars. Additionally, some providers may charge a percentage of the trading profits made by the bot. It is important to consider the features, reliability, and support offered by the bot before making a purchase decision.
Conclusion
In conclusion, the Mean Deviation trading bot is a powerful algorithmic tool that utilizes the Mean Deviation indicator to generate accurate and profitable trading decisions. By analyzing backtesting results and utilizing advanced statistical analysis, this bot maximizes profits by taking advantage of market volatility. By incorporating Mean Deviation into algorithmic trading strategies, traders can enhance decision-making and optimize profit potential. It is a reliable and efficient trading solution that eliminates human emotions and biases, ensuring consistent and successful trading results. Sign up for a reliable trading bot platform, connect your trading account, and start capitalizing on the power of the Mean Deviation trading bot today.
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