New Pine Script Published: Buy the Dip 2-Weeks-Low

This strategy is practically the same as before here, just it is revised with longer time frame for better backtesting. And it has modifiable input tab.

Strategy Description: It buys when the price dip at 2-week-low. The take profit is set at 3% and stop loss at 1%.

Potential ROI Monthly (in sideway): 0-10%

Recommended Settings:

Pair: MATICUSDT, OPUSDT, ATOMUSDT, ARBUSDT

Time frame: 15mins (*Optional: You can use TF5min, but adjust the Number of Candles = 4100)

Initial Capital: 100

Base Currency: Default

Order Size: 100% of equity

Pyramiding: 1 order

Commission: 0.1 %

Take Profit: 3%

Stop Loss: 1%

//@version=4
strategy("Buy2weeksLow-TF15min[www.capayam.com]", overlay=true)

// Input for the number of candles
num_candles = input(1344, title="Number of Candles", minval=1)

// Define the candles low price
low_candles = lowest(low, num_candles)

// Define the buy condition
buy_condition = low <= low_candles

// Create the buy order
if buy_condition
    strategy.entry("Buy", strategy.long)

// Input for take profit percentage
tp_percentage = input(3, title="Take Profit Percentage", minval=0, maxval=10)

// Calculate take profit level
tp_price = close * (1 + tp_percentage / 100)

// Create the take profit order
strategy.exit("Take Profit", "Buy", limit=tp_price)

// Input for stop loss percentage
sl_percentage = input(1, title="Stop Loss Percentage", minval=0, maxval=5)

// Calculate stop loss level
sl_price = close * (1 - sl_percentage / 100)

// Create the stop loss order
strategy.exit("Stop Loss", "Buy", stop=sl_price)

// Plot the candles low for reference
plot(low_candles, color=color.new(color.red, 0), linewidth=2, title="Low Candles")

Comments

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This is an improved version of previous Martingale strategy . We have fixed the Stop Loss function to be able to calculate drawdown of cumulative all positions. Normally we do not use SL for BTC/USD trading, but for Altcoins, we strongly advise to use SL function. This pine script is actually meant for Strategy Backtester , although you can use it with API bot + tradeadapter . Once you get the best setting, apply it into Binance , Kucoin, or Bitget bot. Personally, i find Kucoin has the most user friendly bot. However, u can find the best Spot Martingale bots selection in BitGet . Strategy Description: It places BUY order and double down (according to the multiplier) when the price got lower. TP and SL as per your setting. This strategy works best during bearish period with recovery pattern. Recommended Setting: Pair: BTCUSDT (Binance/Kucoin/Bitget) Time frame: 5min *At the moment, I am using TradingView Premium version, so TF5min will automatically give ...

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This is a momentum strategy that strikes while its hot and exits before the momentum ended. It is actually quite by using only 2 indicators which Exponential Moving Average (EMA) and Relative Strength Index (RSI). Strategy Technical Description: It place Buy order when price crosses up EMA line and RSI is above BUY threshold. It exits when the RSI reaches SELL threshold. Recommended setting: Pair: RNDR (Binance) Timeframe: 5 minutes Order Size: 100% equity Pyramiding: 1 order Commission: 0.1 % // @version= 5 strategy ( "EMA RSI Momentum Strategy TF5min [capayam.com]" , overlay = false , initial_capital = 10 , default_qty_type = strategy.percent_of_equity , default_qty_value = 100 , commission_type = strategy.commission.percent , commission_value = 0.1 ) //Desc: Buys when price crosses above long EMA line and above RSI Buy threshold. Exits when RSI above Sell threshold. //Recomended pair: RNDRUSDT TF5min (Binance) // Adjustable Inputs emaLength = input.int ( 450 ,...

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