To make our community more profitable we decided to start a series in which we will review open-source TradingView strategies. The aim of the review is to select a strategy (or a number of strategies) from TradingView and run a reality check on it, optimise them and convert into alerts, so you can set it up as a bot on Wunderbit Trading platform.
Open-strategy source
Strategy adjustment for particular exchange, pair and timeframe
Backtest
Revised study script that you can apply in Wunderbit Trading platform for bot trading.
This week we found a nice strategy for a 30 min time frame working for long and short entries for BTC-perpetual futures on FTX. The original idea was taken from: 03.freeman.You will find the original strategy code here: MTF stochastic strategy.
IMPORTANT!
This strategy was adjusted to make faster entry on lower time frames.
We added separate inputs for short conditions
You must set up trailing stops so the strategy can be executed according to backtest
We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.
Settings – Applicable to FTX: BTC-PERP 30 min
Input | Value |
Long Length for Main Stochastic | 20 |
Long SmoothK For Main Stochastic | 8 |
Long SmoothD For Main Stochastic | 8 |
Long Upper Line Value | 85 |
Short Length For Main Stochastic | 61 |
Short SmoothK For Main Stochastic | 36 |
Short SmoothD For Main Stochastic | 15 |
Short Lower Line Value | 15 |
Long Stop Loss % | 5 |
Trailing Stop Long | 1.3 |
Short Stop Loss % | 5 |
Trailing Stop Short | 1.3 |
You can copy this code and paste it into your TradingView.
//Updated by: Wunderbit Trading//Original Idea by: 03.freeman//@version=4strategy("MTF stochastic strategy", overlay=false, pyramiding=0, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, currency = currency.USD )//len_long = input(20, minval=1, title="Long Length for Main Stochastic")smoothK_long = input(8, minval=1, title="Long SmoothK for Main Stochastic")smoothD_long = input(8, minval=1, title="Long SmoothD for Main Stochastic")upLine_long = input(85, minval=50, maxval=90, title=" Long Upper Line Value?")// current stochastic calculation longk_long = sma(stoch(close, high, low, len_long), smoothK_long)d_long = sma(k_long, smoothD_long)//mtf stochastic calculation smoothed with period longMTF_period_long= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M'mtfK_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(stoch(close, high, low, len_long), smoothK_long)),len_long,0)mtfD_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(k_long, smoothD_long)),len_long,0)len_short = input(61, minval=1, title="Short Length for Main Stochastic")smoothK_short = input(36, minval=1, title="Short SmoothK for Main Stochastic")smoothD_short = input(15, minval=1, title="Short SmoothD for Main Stochastic")lowLine_short = input(15, minval=10, maxval=50, title=" Short Lower Line Value?")// current stochastic calculation longk_short = sma(stoch(close, high, low, len_short), smoothK_short)d_short = sma(k_short, smoothD_short)//mtf stochastic calculation smoothed with period longMTF_period_short= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'':timeframe.period=='W'?'D':'M'mtfK_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(stoch(close, high, low, len_short), smoothK_short)),len_short,0)mtfD_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(k_short, smoothD_short)),len_short,0)//long_tp_inp = input(0.5, title='Long Take Profit %', step=0.1)/10long_sl_inp = input(5, title='Long Stop Loss %', step=0.1)/100long_trailing = input(1.3, title='Trailing Stop Long', step=0.1) / 100//long_take_level = strategy.position_avg_price * (1 + long_tp_inp)long_stop_level = strategy.position_avg_price * (1 - long_sl_inp)//short_tp_inp = input(0.5, title='Short Take Profit %', step=0.1)/100short_sl_inp = input(5, title='Short Stop Loss %', step=0.1)/100short_trailing = input(1.3, title='Trailing Stop short', step=0.1) / 100//short_take_level = strategy.position_avg_price * (1 - short_tp_inp)short_stop_level = strategy.position_avg_price * (1 + short_sl_inp)/// STRATEGY CONDITIONS ///entry_long = crossover(mtfK_long, 50) and k_long > 50 and change(k_long, 1) > 0 and k_long > d_long and mtfK_long > mtfD_longentry_price_long=valuewhen(entry_long,close,0)exit_long = crossunder(mtfD_long, upLine_long)entry_short = crossunder(mtfD_short, 50) and k_short < 50 and change(k_short, 1) < 0 and k_short < d_short and mtfK_short < mtfD_shortentry_price_short=valuewhen(entry_short,close,0)exit_short = crossunder(mtfK_short, lowLine_short)/// PERIOD ///testStartYear = input(2019, "Backtest Start Year")testStartMonth = input(1, "Backtest Start Month")testStartDay = input(1, "Backtest Start Day")testPeriodStart = timestamp(testStartYear,testStartMonth,testStartDay,0,0)testStopYear = input(9999, "Backtest Stop Year")testStopMonth = input(12, "Backtest Stop Month")testStopDay = input(31, "Backtest Stop Day")testPeriodStop = timestamp(testStopYear,testStopMonth,testStopDay,0,0)testPeriod() =>time >= testPeriodStart and time <= testPeriodStop ? true : false//// STRATEGY EXECUTION ////if testPeriod()strategy.entry(id="Long", long=true, when=entry_long)strategy.exit("Take Profit/ Stop Loss","Long", stop=long_stop_level,trail_points=entry_price_long * long_trailing / syminfo.mintick, trail_offset=entry_price_long * long_trailing / syminfo.mintick)strategy.close(id="Long", when=exit_long, comment = "Exit")strategy.entry(id="Short", long=false, when=entry_short)strategy.exit("Take Profit/ Stop Loss","Short", stop=short_stop_level, trail_points=entry_price_short * short_trailing / syminfo.mintick, trail_offset=entry_price_short * short_trailing / syminfo.mintick)strategy.close(id="Short", when=exit_short, comment = "Exit")
You can copy this code and paste it into your TradingView.
//Created by: Wunderbit Trading//@version=4study("MTF stochastic strategy", overlay=true, max_bars_back=5000)////this strategy is inspired to bobby thread in forexfactory forum//len_long = input(20, minval=1, title="Long Length for Main Stochastic")smoothK_long = input(8, minval=1, title="Long SmoothK for Main Stochastic")smoothD_long = input(8, minval=1, title="Long SmoothD for Main Stochastic")upLine_long = input(85, minval=50, maxval=90, title=" Long Upper Line Value?")// current stochastic calculation longk_long = sma(stoch(close, high, low, len_long), smoothK_long)d_long = sma(k_long, smoothD_long)//mtf stochastic calculation smoothed with period longMTF_period_long= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M'mtfK_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(stoch(close, high, low, len_long), smoothK_long)),len_long,0)mtfD_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(k_long, smoothD_long)),len_long,0)len_short = input(61, minval=1, title="Short Length for Main Stochastic")smoothK_short = input(36, minval=1, title="Short SmoothK for Main Stochastic")smoothD_short = input(15, minval=1, title="Short SmoothD for Main Stochastic")lowLine_short = input(15, minval=10, maxval=50, title=" Short Lower Line Value?")// current stochastic calculation longk_short = sma(stoch(close, high, low, len_short), smoothK_short)d_short = sma(k_short, smoothD_short)//mtf stochastic calculation smoothed with period longMTF_period_short= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M'mtfK_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(stoch(close, high, low, len_short), smoothK_short)),len_short,0)mtfD_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(k_short, smoothD_short)),len_short,0)/// LONG TAKE TAKE PROFIT / TRAILING STOP ///long_sl_inp = input(5, title='Long Stop Loss %', step=0.1)/100long_trailing_act_price = input(1.2,'Long Trailing Activation Price', step=0.1)/100long_trailing_profit_input=input(1.2, title="Long Trailing Profit %", step=0.1)/100/// SHORT TAKE TAKE PROFIT / TRAILING STOP ///short_sl_inp = input(5, title='Short Stop Loss %', step=0.1)/100short_trailing_act_price_inp = input(1.2,'Short Trailing Activation Price', step=0.1)/100short_trailing_profit_input=input(1.2, title="Long Trailing Profit %", step=0.1)/100/// STRATEGY CONDITIONS ////// LONG CONDITION ///isEntry_Long = falseisEntry_Long := nz(isEntry_Long[1], false)isExit_Long = falseisExit_Long := nz(isExit_Long[1], false)entry_long = not isEntry_Long and (crossover(mtfK_long, 50) and k_long > 50 and change(k_long, 1) > 0 and k_long > d_long and mtfK_long > mtfD_long)entry_price_long=valuewhen(entry_long,close,0)long_traling_activation_price = entry_price_long * (1 + long_trailing_act_price)//plot(long_traling_activation_price, color=color.green)long_trailing_condition = open > long_traling_activation_pricehighest_price = valuewhen(long_trailing_condition, high, 0)highest_pine(src, len) =>max = src[0]for i = 1 to len by 1if src[i] > maxmax := src[i]maxmaxlong_o = 0.0long_o := highest_pine(high, barssince(entry_long))//plot(long_o, color=color.orange)long_valuewhen_1 = valuewhen(long_trailing_condition, high, 0)long_valuewhen_2 = valuewhen(long_trailing_condition, high, 0)highest_price := long_trailing_condition == false ? na :long_valuewhen_1 > long_o ? long_valuewhen_2 : highest_price[1]long_trailing_profit = long_o * (1 - long_trailing_profit_input)//plot(long_trailing_profit, color=color.white)long_trailing = long_trailing_condition ? long_trailing_profit : naSL_long = entry_price_long * (1 - long_sl_inp)exit_long = not isExit_Long and (crossunder(mtfD_long, upLine_long) or low < SL_long or low < long_trailing)if (entry_long)isEntry_Long := trueisExit_Long := falseif (exit_long)isEntry_Long := falseisExit_Long := true//// SHORT CONDITIONisEntry_Short = falseisEntry_Short := nz(isEntry_Short[1], false)isExit_Short = falseisExit_Short := nz(isExit_Short[1], false)entry_short = not isEntry_Short and (crossunder(mtfD_short, 50) and k_short < 50 and change(k_short, 1) < 0 and k_short < d_short and mtfK_short < mtfD_short)entry_price_short=valuewhen(entry_short,close,0)short_traling_activation_price = entry_price_short * (1 - short_trailing_act_price_inp)//plot(short_traling_activation_price, color=color.green)short_trailing_condition = close < short_traling_activation_pricelowest_price = valuewhen(short_trailing_condition, low, 0)lowest_pine(src, len) =>max = src[0]for i = 1 to len by 1if src[i] < maxmax := src[i]maxmaxshort_o = 0.0short_o := lowest_pine(low, barssince(entry_short))//plot(short_o, color=color.orange)short_valuewhen_1 = valuewhen(short_trailing_condition, low, 0)short_valuewhen_2 = valuewhen(short_trailing_condition, low, 0)lowest_price := short_trailing_condition == false ? na :short_valuewhen_1 > short_o ? short_valuewhen_2 : lowest_price[1]short_trailing_profit = short_o * (1 + short_trailing_profit_input)//plot(short_trailing_profit, color=color.white)short_trailing = short_trailing_condition ? short_trailing_profit : naSL_short = entry_price_short * (1 + short_sl_inp)exit_short = not isExit_Short and (crossover(mtfK_short, lowLine_short) or high > SL_short or high > short_trailing)if (entry_short)isEntry_Short := trueisExit_Short := falseif (exit_short)isEntry_Short := falseisExit_Short := true//// STRATEGY EXECUTION ////alertcondition(entry_long, title="Enter Long")alertcondition(exit_long, title="Exit Long")plotshape(series=entry_long, text="BUY", style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small)plotshape(series=exit_long, text="EXIT BUY",style=shape.triangledown, location=location.abovebar, color=color.purple, size=size.small)// SHORTalertcondition(entry_short, title="Enter Short")alertcondition(exit_short, title="Exit Short")plotshape(series=entry_short, text="SELL", style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small)plotshape(series=exit_short, text="EXIT SELL",style=shape.triangleup, location=location.belowbar, color=color.purple, size=size.small)