GG-shot AI Manual

BRIEF DESCRIPTION

GG-Shot AI is an improved version of the foreign indicator GG-Shot, costing about $800 per month. It copes well with sideways movements, compared to other trend indicators. It works equally well on any timeframes within 1 minute to 1 day

Advantages:

• very easy to set up and trade on it
• suitable for almost any pairs and timeframes
• signals are almost always trending
• can be used as a ready-made strategy

Weaknesses:

• relatively weak in a sideways/consolidation environment
• heavy algorithm, may crash with errors (need to reboot)

Features:

• calculation of real signal statistics: separate profit and winrate for each TP individually, taking into account all stops, rollovers, etc.
• automatic search for the most profitable, unprofitable and most optimal settings for each pair and timeframe
• automatic selection of the most profitable settings via built-in AI
• in the settings there are pop-up tips with a detailed description of the functionality and recommendations for customization
• possibility to fully customize the indicator for yourself: your own sensitivity of signals, your own TP and SL, stop to breakeven, backtest range, etc.
• possibility to connect auto-trading
• possibility to connect notifications (including in Telegram)

FUNCTIONALITY AND CUSTOMIZATION

To familiarize yourself with the settings, first add the indicator to the chart. If you don't know how to do it, follow the manual below.

Almost every item on the right has a tooltip with a detailed description of the functionality for which the item is responsible. Hover your cursor over the corresponding label on the right to see the description

This item is responsible for selecting presets - preset sets of parameters such as Signal Sensitivity, TP and SL. The presets are divided into 3 groups:

Basic (original) tuning presets. To use them, you need to select the pair and tf according to the preset name. The settings of basic presets cannot be changed

Adaptive presets. They can be used on any pair and timeframe. All settings are automatically selected on the basis of the most profitable, or the most optimal settings at the current time. The ratio of TP and SL, their style can be changed in the manual settings section.

Manual settings. They can be used on any pair and timeframe. All settings are selected by you manually in the manual settings section. Signal sensitivity, TP and SL, their style can be changed in the manual settings section.

We recommend using adaptive presets, or customizing the indicator manually. The basic presets are 1in1 with the original settings and can be recommended for use only as a tutorial, or to compare with the original GG-Shot

This item is responsible for selecting the "Trade Mode" or in simple words, what style of position fixing you will use.

Standart - display of limit take profit lines and dynamic take profit markers.

Advanced - display of the trading channel with zones for profit taking.

We recommend that you always use the default mode

This item is responsible for the display style of the backtest panel. PC version, PC version with larger font and mobile version are available.

The only difference between these modes is the display style. They give the same information

This item is responsible for the intensity of additional signal filtering. If the value is 0 - filtering is disabled, the maximum value is 3.

It affects only the processing of current signals (in case of using adaptive presets), i.e. enabling filtering will not affect the calculation of the best, optimal and worst settings, they will be calculated without taking filtering into account, and the result of these calculations (final signals) will undergo additional filtering.

We recommend using a value of 0 or 3. Intermediate 1 and 2 may be needed for more fine-tuning in individual cases. Before making a decision, we recommend to check the trading performance through backtest panel first with value 0, then with value 3.

This item is responsible for displaying support and resistance zones. They can be used as target zones for additional or reduced positions in accordance with the main signals.

We recommend using only as a supplement to the main signals.

This item is responsible for displaying the signal preparation warnings. It is not an input signal, but only a preparation signal.

We recommend setting up alerts to prepare for a signal at once, and not only display them on the chart (if you want to be warned about an imminent signal, which may be relevant when trading on TFs below 1 hour). This item does not affect the alerts.

This item is responsible for displaying the triggering marks of dynamic TPs. Dynamic TPs are used as additional triggers for partial position fixing in addition to the main limit TPs. Dynamic TPs do not take part in AI calculations, it is just a trigger to look at the chart and think again whether it is worth to reduce the position, or to pull up the SL to profit.

We recommend setting up alerts for triggering of dynamic TPs at once, not only displaying them on the chart. This item does not affect alerts.

This item is responsible for displaying labels of triggering signals for bounce on the oscillator.They are displayed as pluses on the chart. They can be used as additional signals to add or reduce a position in accordance with the main signals.

We recommend using only as a supplement to the main signals.

This item is responsible for the operation of Max Algo Adaptive AI. After starting Max Algo Adaptive AI, you will be able to use adaptive settings presets, and the statistical panel will be updated with new data.

Max Algo Adaptive AI is a complex algorithm that requires relatively long time for calculations. After it is enabled, the indicator will take longer to load and will crash with errors more often.

We recommend using Max Algo Adaptive AI only when you need working adaptive presets, or when you want to calculate statistics

This item is responsible for profit calculations in the statistical table, affects the work of adaptive presets and the results in the backtest panel:

Signals - trading results will be calculated based on signals (without TP and SL, the position is closed only on the reverse signal);

Signals and TP - trading results will be calculated on the basis of signals and TP (without considering SL, position is closed on TP or reverse signal);

Signals and TP and SL - trading results will be calculated on the basis of signals, TP and SL.

We recommend using the base value. Change only if your strategy involves trading without stop-loss or take-profits

This item is responsible for filtering signal alerts. It does not affect the display of signals on the chart.

For example, if you set the value to 50 - signal alerts will be sent only if the percentage of profitable presets (Profitable settings presets - parameter from the extended statistics) at the moment of receiving a signal is higher than 50. If the percentage of profitable presets falls below 50 - signal alerts will not be sent. MA Adaptive AI must be running for this filter to work.

We can recommend to put this filter if you use algo-trading or just do not pay attention to the statistics panel (it is not obligatory)

These items are responsible for manual setting of the indicator:

Signal sensitivity works according to the following principle: lower value - more frequent signals, higher value - less frequent signals. In order to apply the value - in the item "Settings Presets" Manual settings should be selected (at the very bottom)

The TP and SL values work differently depending on the selected settings preset:

If one of the adaptive presets is activated - works as a percentage indentation from the signal entry point (additionally can be adapted in the corresponding item below)

If one of the adaptive presets is activated - works as a multiplier with which you can change the distance from the entry point in CONDITIONAL values (not in percentages)

If one of the base (original) settings presets is activated - does not affect anything. You cannot change the settings of the base presets.

We recommend using manual settings instead of the basic original presets if you are not suitable for adaptive presets for one reason or another

This item is responsible for selecting the type of stop loss. There are two types of them:

Fixed SL - calculated from the entry point on the signal and does not change until the next signal;

Trailing SL (Original) - is calculated from the Trend Line and moves in line with it. Accordingly, when setting the SL manually, the indentation will be specified from the Trend Line, not from the entry price on the signal.

We recommend using a fixed stop loss when algo-trading, or if you do not want to pull up the stop loss from time to time in accordance with the original trailing stop loss.

This item is responsible for transferring the stop loss to breakeven (to the entry price) after a certain take profit is reached.

Regardless of the selected stop loss type, when activating stop loss to breakeven, the stop loss will be moved to breakeven (to the signal entry price) after the selected take profit is reached.

Transferring an SL to breakeven can give both positive and negative results. It is recommended to compare the results with and without moving SL to breakeven before making a decision

This item is responsible for selecting the optimal take profit and stop loss based on the selected pair price, volatility and selected sensitivity settings.

Can adapt take profit and stop loss only if one of the adaptive presets or manual indicator settings is selected (not applicable for basic (original) settings presets).

We recommend using this parameter on a permanent basis, even if you do not use adaptive presets. It will save you time in selecting optimal values for TP and SL settings

These items are responsible for the backtest period. Calculations, including AI will be made based on the time period specified here, or the maximum available time period on the selected chart.

Useful when you need to know statistics for a certain period of time

BACKTEST PANEL

The backtest panel can be divided into 4 conditional parts. The first part displays information about the selected preset, pair, timeframe and the time when the first signal was received.

The second part of the backtest panel displays statistics on reaching each TP separately (only limit take profit, dynamic TPs do not take part in calculations). Take Profit is considered to be reached, if at the moment of its achievement Stop Loss was not taken out and the deal was still valid.

Although the statistics on reaching the TP can tell you at which TP to fix the main part of the position, we do not recommend to judge the trading performance based solely on this data, and here is why:

A trade may reach, for example, 3 TPs, but then the price will hit a stop that is too huge, and the trade will end up losing, although it would seem that the take profit statistics were excellent;

Similarly, the price may not reach the TP, but the deal will close in profit on the reverse signal or trailing stop loss. A trading pair can make good profits even with mediocre TP achievement statistics.

The third part of the backtest panel shows the result of trading, if you fix the trade completely on one separate take profit.

The result is calculated taking into account the stop loss, all rollovers (reverse signals) and ONE take profit, without taking into account the commission. That is, as if you were trading in reality, following the trading strategy according to the GG-Shot AI indicator, but using only ONE take profit to fix the position completely.

Gross profit is cumulative profit (total profit from all profitable trades);

Gross loss is the cumulative loss (total loss from all losing trades);

In the original GG-Shot indicator, this part of the backtest panel is calculated incorrectly, constantly overestimating profitability and ignoring most of the losses. In our GG-Shot AI statistics is calculated correctly, showing only real results of trading on the indicator.

The fourth part of the backtest panel displays the calculations of the built-in Max Algo Adaptive AI. This part of the panel is displayed only when Max Algo Adaptive AI is running in the settings, and is available only in our GG-Shot AI indicator.

Strategy - this is the selected strategy of profit taking (only signals, signals and TP, signals and TP and SL). You can choose a strategy in the indicator settings.

Profitable Settings Presets - this is the percentage of profitable settings out of all possible settings at a given time (on the left) and the average percentage of profitable settings out of all possible settings for the whole time. We will tell you how to use this information in practice in the next section of the manual.

Current - this is the result of trading for the selected period of time. Real figures including partial fixing on 4 TPs, SLs, all reversals (reverse signals), etc., without taking into account the commission. That is, as you would trade in reality, clearly following the strategy of trading on the indicator GG-Shot AI.

Optimal, Best, Worst - this is the most optimal, best and worst sensitivity setting at a given time and the result of trading on it. That is, if you had been trading with signal sensitivity 450 (Best in the table above) all the time - you would have earned 183.5% at the current moment of time.

HOW TO CHOOSE PROFITABLE PAIRS AND TF

To search for profitable pairs, TFs and settings, we will use a part of the panel with our AI, which we have implemented in the GG-Shot AI indicator just for this purpose.

Our AI calculates the result of trading on the selected settings (Current) and the percentage of profitable settings. This data is enough to find pairs, TFs and settings that have brought good results in the past, and are likely to bring results in the future.

First you need to customize the indicator. Select Adaptive Optimal in the settings presets. This completes the indicator setup. AI itself will optimize the indicator for the selected trading pair and timeframe: it will choose the most optimal setting of signal sensitivity, TP and SL values.

Then we move on to the selection of pairs and tf. The first most important parameter, or group of parameters, for selecting trading pairs and tf, is the result of trading on the selected settings for the whole time (Current), and the potential result of trading on the most optimal settings at the moment (Optimal).

Optimal - the most optimal sensitivity setting at the moment and the result of trading on it. That is, in this case, if you were to trade at the 560 setting all the time, you would earn 126.89%. The Optimal parameter is dynamic (as well as best, worst) - in different time intervals, different settings are considered to be the most optimal.

Current - currently selected sensitivity setting and profit on it. If you had manually selected 560, the profit result would be the same as in the Optimal column. But, since the Adaptive Optimal preset is selected in this example - the sensitivity value is automatically set to the one currently defined in the Optimal column. Right now it's 560, yesterday it could be 540, and tomorrow it could be 620.

In this example, Current is the result of trading if you always choose the sensitivity that our AI determines as the most optimal, while Optimal is the result of trading if you always trade at the setting that is determined as optimal right now.

That is why the results in the Current and Optimal columns are different when selecting the Adaptive Optimal preset. Current is the real trading result, according to the signals you see on the chart, which the indicator has produced for the whole time based on the Adaptive Optimal settings preset.

If you don't understand any of the above, you don't need to. Just follow our simple recommendations. You don't have to understand how it works

We recommend choosing pairs and timeframes where the result in the Current and Optimal columns is at least above 10-20% for 5m-15m, and above 40-60% for 15m-1h (the more the better). Also pay attention to the backtest range: if you do not have a Premium subscription to tradingview - you have less data to process and accordingly the profit that can be considered good will be less by 1.5-2x times.

The second of the two most important parameters for selecting trading pairs is the "Percentage of profitable settings". This is the percentage of all tested AI possible settings for the GG-Shot AI indicator that made a profit on the pair and timeframe you selected, with the settings you selected.

The left (84%) shows the percentage of profitable setups at that moment in time, while the right (77%) shows the average percentage of profitable setups over the whole analyzed time.

Roughly speaking, the percentage of profitable settings is the probability that choosing a pair and tf with a conditional profit of "330.1%" and trading it in the future, you will also get a good result in terms of profit.

For example, if the percentage of profitable settings is low, it will mean that the high profit is more of a coincidence than a pattern, and with a high probability you will not get the same good results in the future.

We recommend choosing pairs and timeframes where the percentage of profitable setups is higher than 70-80%. Pairs and timeframes where this percentage is lower than 50-60% should not be traded

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