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Bybit BitBlockWizard Trading Tool Tutorial 2024 | Automated Trading 75% hit rate

Hello Wizards out there!

Do you want to take your trading to the next level and benefit from the advantages of automated strategies? Then you are in the right place! In this article, I will show you how to develop a fully automated trading strategy using two indicators, an oscillator, and the unique L5 Risk Management from DJ MAD. And the best part: with our Wizard TradingTool, implementation becomes a breeze. So, let's get started!

The Building Blocks: Processors and Risk Management

Before we delve into the indicators and the oscillator, let's first look at the foundation of our strategy:

MAD MBS L4 Processor x16: This processor is the heart of our strategy. It processes the input signals from the indicators and outputs the final trading signals. More info can be found here.

MAD MBS L5 RiskManagement: This component is essential for solid risk management. Alternatively, you can also use the Multibit Alert. Here are the links to both:

  1. L5 RiskManagement
  2. Multibit Alert

The Indicators and Oscillators

Now to the tools that drive our strategy:

MAD CurveBuilder: This indicator is particularly useful for determining market direction. You can subscribe to it and register on the whitelist in the Mad Lab on our website. Here is the info and registration. With the CurveBuilder, you can replicate all indicators based on moving averages – even paid or closed-source indicators, as shown in the video where we replicate the Easy MTF.

William Trailing Stop: A free indicator on TradingView that needs some adjustments for our purposes. The script and adjustments can be found here.

ADX DI: Also a free indicator that needs some adjustments to process the output signals in the processor. More info can be found here.

Adjusting the Indicators

To adjust the indicators for our strategy, you need to insert a script piece, which we provide here.

//*********** Simplesignal Implementation

signalout = 0

signalout := a_L3_long ? 1 : a_L3_short ? -1 : 0

BM_color_signal = a_L3_long ? #4C9900 : a_L3_short ? #CC0000 : color.black

L_digital_signal = plot(signalout, title='Digitalsignal', color=BM_color_signal, style=plot.style_columns, display=display.none)

//*********** MULTIBIT Implementation

import djmad/Signal_transcoder_library/7 as transcode

bool [] Multibit = array.new<bool>(16,false)

if inputtype == 'MultiBit' or inputtype == 'MultiBit_pass'

    Multibit := transcode._16bit_decode(inputModule)

if inputtype != 'MultiBit_pass'

    transcode.f_infuse_signal(Signal_Channel_Line1, a_L1_long, Signal_Channel_Line2, a_L1_short, Signal_Channel_Line3, a_L2_long, Signal_Channel_Line4, a_L2_short, Signal_Channel_Line5, a_L3_long, Signal_Channel_Line6, a_L3_short, Multibit)

float plot_output = transcode._16bit_encode(Multibit)

plot(plot_output,title='MultiBit Signal',display=display.none)


Functionality of the MAD MBS Processors

The MAD MBS processors are the heart of our automated trading strategy. They allow you to process signals from various indicators and combine them in a logical sequence. This way, you can create complex trading strategies that consider multiple conditions before a trading signal is issued.

MAD MBS L4 Processor x16

The MAD MBS L4 Processor x16 is a powerful component that can process up to 16 input signals simultaneously. It operates on the principle of logical linkage of conditions, allowing you to create detailed and precise trading strategies.

Key Features:

  1. Input Signals: The processor takes signals from up to 16 different sources. These sources can be indicators, oscillators, or other processor units.
  2. Logical Linkage: You can link the input signals with various logical operators like AND, OR, NOT. This allows you to define complex conditions that must be met before a trading signal is triggered.
  3. Temporal Filtering: The processor can temporally filter signals and define conditions for how long a signal must be active before it is processed.
  4. Signal Processing: Once the defined conditions are met, the processor outputs a trading signal that can be used for further actions such as buying or selling.

Example of Use:

Assume you want to implement a strategy that triggers a buy when:

  • The MAD CurveBuilder indicates that the market is rising.
  • The William Trailing Stop gives a buy signal.
  • The ADX DI confirms a strong trend is present.

MAD MBS L5 RiskManagement

The MAD MBS L5 RiskManagement is an additional module aimed at supporting your trading strategy with effective risk management. It ensures that your trading decisions are made not only based on signals but also by considering your risk profile.

Key Features:

  1. Position Size: Determines the optimal position size based on your available capital and defined risk per trade.
  2. Stop-Loss and Take-Profit: Automatic calculation and placement of stop-loss and take-profit levels based on volatility and other market conditions.
  3. Capital Management: Monitoring and adjusting trading activities to ensure that risk remains within acceptable limits.

Example of Use:

Automated Strategy with the Wizard TradingTool

Now comes the exciting part: Implementing the strategy with our Wizard TradingTool. This server-based tool is specifically developed to ease your workload and efficiently implement the strategy. The Wizard TradingTool can be controlled via the Webhook alert function on TradingView, making the automation of your trading even simpler.

Setting up the Wizard TradingTool:

Subscription or NFT Lifetime Access: To use the Wizard TradingTool, you need to subscribe monthly (€149) or gain lifetime access via an NFT. Visit our website for more information and registration.

Webhook Integration: Use the Webhook alert function on TradingView to send signals directly to the Wizard TradingTool. This allows real-time execution of your automated trading strategies.

Summary and Use of the Wizard TradingTool

The MAD MBS processors and the L5 RiskManagement provide a flexible and powerful foundation for your automated trading strategy. By linking various indicator signals and implementing robust risk management, you can make precise and effective trading decisions.

With the Wizard TradingTool, implementing this strategy becomes even easier. This server-based tool allows you to seamlessly integrate the described processors and indicators and automate your strategy with just a few clicks.

Steps to Implementation:

  1. Subscribe to the Wizard TradingTool or obtain an NFT Lifetime Access.
  2. Connect the adjusted indicators with the MAD MBS L4 Processor x16.
  3. Implement the L5 RiskManagement into your strategy.
  4. Configure the parameters according to your needs and start backtesting.
  5. Activate live trading and monitor the results.


By combining the MAD MBS processors with effective indicators and robust risk management, you can create a powerful and automated trading strategy. With the Wizard TradingTool, implementing and managing this strategy becomes a breeze.

Try it out and see how you can elevate your trading to a new level. Don’t forget to secure your subscription to the Wizard TradingTool and take full advantage of this powerful solution!

Happy Trading!


Dr. Wotan

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