Investing - Order Helper
FYI: This idea is not new and I believe there is plenty of other indicator similar to this. I have used 'Scaled.orders' from @highewaterr and add in additional calculation.
This is for education purposes only, if you decide to use it LIVE and you lose money using it, it is not my fault. Do not risk what you can't afford to lose.
Order Helper was improved to better help simplify my investing journey.
It calculates each size and price automatically for me after inputting into the settings.
Unlike the common investing method (DCA Daily/Weekly/Monthly or Support & Resistance).
There is issue for these investing method.
DCA based on time is prompt to buying at higher price which will bring your average cost and your risk higher.
So why risk more when you have plenty of time to wait for the project/stocks to be at a discount?
Support & Resistance based can be a hustle to some investor like me.
Why?
1. Complication when drawing multiple support & resistance line / zone.
2. Time Consuming (Refer to point 1)
To reduce/eliminate the issue prompt by these 2 investing method, I use order helper.
It free up that few minutes of each chart, reduce the complexity in drawing support & resistance.
However, it bring method is prompt to 'missing out'.
IF I were to stick to the prices and size based on this indicator, my order might not be triggered and price just continue going.
But personally, I am fine with it. As I would rather miss out than putting my hard earned money in a higher risk.
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Main Component of this indicator
Scaling options is the main component of this indicator.
There is 4 options to this component:
How to use this indicator?
It is best for you to play around with the settings, as it will be easier to understand rather than reading how I do it.
There is no right or wrong method in using this indicator. But this is how I use it.
But if it works, and it helps me. Then those math calculation doesn't really matter.
Hopefully this will help simplify your investing journey.
If there is any question, feel free to comment it below and I will try my best to assist.
This is for education purposes only, if you decide to use it LIVE and you lose money using it, it is not my fault. Do not risk what you can't afford to lose.
Order Helper was improved to better help simplify my investing journey.
It calculates each size and price automatically for me after inputting into the settings.
Unlike the common investing method (DCA Daily/Weekly/Monthly or Support & Resistance).
There is issue for these investing method.
DCA based on time is prompt to buying at higher price which will bring your average cost and your risk higher.
So why risk more when you have plenty of time to wait for the project/stocks to be at a discount?
Support & Resistance based can be a hustle to some investor like me.
Why?
1. Complication when drawing multiple support & resistance line / zone.
2. Time Consuming (Refer to point 1)
To reduce/eliminate the issue prompt by these 2 investing method, I use order helper.
It free up that few minutes of each chart, reduce the complexity in drawing support & resistance.
However, it bring method is prompt to 'missing out'.
IF I were to stick to the prices and size based on this indicator, my order might not be triggered and price just continue going.
But personally, I am fine with it. As I would rather miss out than putting my hard earned money in a higher risk.
---------------------------------------------------------------------------------------------------------------------------------
Main Component of this indicator
Scaling options is the main component of this indicator.
There is 4 options to this component:
- Linear
- Ease-in -> The amount of orders/size CLOSEST to the START price, will be higher.
- Ease-out -> The amount of orders/size FURTHEREST to the START price, will be higher.
- Ease-in-out -> It's a mixture of Ease-in and Ease-out.
How to use this indicator?
It is best for you to play around with the settings, as it will be easier to understand rather than reading how I do it.
There is no right or wrong method in using this indicator. But this is how I use it.
- Go to a higher time frame (Weekly/Monthly)
- Identify major support & resistance
- Open up 'Order Helper' settings
- Input your preferred options (Linear/Ease-in/Ease-out/Ease-in-out)
- Input the start price -> referring to the first major support & resistance line (closes to the current price)
- Input the end price -> referring to the last major support & resistance line (furtherest away from the current price)
- Input the number of orders you preferred
- Position Size that you wish to purchase
But if it works, and it helps me. Then those math calculation doesn't really matter.
Hopefully this will help simplify your investing journey.
If there is any question, feel free to comment it below and I will try my best to assist.