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Jackrabbit TV is toolchest of subscription based automated trading algorithms (indicators on TradingView) comprised of many modules that can be put
together to create a very powerful trading paradigms or recipes utilizing technical
analysis.
Technical analysis is considered to be the best way to trade using automated algorithmic
trading because it relies on statistical patterns and trends, rather than on fundamental
analysis or subjective interpretation. Technical analysis can help traders identify
potential trading opportunities and make more informed decisions about when to buy and sell
assets. By using automated algorithms to analyze and interpret market data, traders can make
trades faster and with greater accuracy, increasing the chances of success in the financial
markets.
Here is a brief list of the more popular modules:
- Bollinger Bands
- MACD (Moving Averages Convergence/Divergence)
- Moving Averages/Momentum
- PSaR (Parabolic Stop and Reverse)
- RSI (Relative Strength Index)
- Stochastic
- Support and Resistance
See all recipes
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Jackrabbit Relay is a free open source framework that can trade on many exchanges/brokers from
TradingView or any webhook/rest API based system, including custom made programs. I chose
open source rather then commercial for Jackrabbit Relay for the following reasons:
- Trading with small budgets is not sustainable with commercial software because
the upfront and ongoing costs of the software can be a significant percentage of
the budget, and the software may not be optimized for smaller trades.
Additionally, commercial software can be complex and require a significant
learning curve, which can be a barrier for traders with small budgets.
- Open source software can be more secure and safe than commercial software
because:
- The source code is publicly available and can be reviewed by the community,
leading to fewer vulnerabilities.
- The software is transparent and accountable, allowing users to see how it
works and ensuring it is doing what it is supposed to do.
- It is customizable, allowing users to harden the security of the system to
their desired level.
Commercial software may have hidden vulnerabilities and may not allow for the
same level of transparency, accountability, and customization as open source
software.
- One of my primary goals with Jackrabbit Relay is to help its users become more
knowledable of their own financial situation and improve their understanding on
the market through:
- Transparency and accountable, allowing traders to see how it works and
make informed decisions.
- Customization, helping traders understand their own strategies and goals,
and test different approaches.
- Opportunities for learning and collaboration with other users and
developers in the community.
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