OPEN-SOURCE SCRIPT
Buy The Deep Final Version V3 -grid version
"Buy The Deep Final Version V3" Indicator Description"
The "Buy The Deep Final Version V3"is an advanced trading strategy designed to help traders automate and optimize their entry, position sizing, and exit points in volatile markets. Below is a detailed explanation of its features, inputs, and functionality.
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Key Features
1. Dynamic Position Sizing:
- Calculates position size dynamically based on the trader's initial capital, current profit, and leverage settings.
- Provides options for reinvesting profits or maintaining fixed position sizes.
2. Volatility-Based Entry:
- Identifies "buy-the-dip" opportunities based on a calculated volatility percentage (`val`).
3. Automated Take Profit and Stop Loss:
- Automatically sets take profit (`tp`) and stop loss (`tp22`) levels using predefined percentages, ensuring effective risk management.
4. SMA-Based Conditions:
- Utilizes a Simple Moving Average (SMA) as a baseline to determine whether to enter long positions.
5. Support for Additional Buy Levels:
- Allows dollar-cost averaging with multiple additional buy levels (`so1`, `so2`, etc.).
6. Leverage and Commission Customization:
- Users can set desired leverage and trading fees, which are incorporated into the calculations for precise execution.
7. Performance Tracking:
- Displays key metrics, including:
- Total profit and percentage
- Monthly and annual profit percentages
- Maximum drawdown (MDD)
- Win rate
- Includes a performance table and data window for real-time insights.
8. Time-Limited Testing:
- Allows users to test the strategy over specific time periods for refinement and validation.
---
"How It Works"
- Entry Conditions: The strategy identifies opportunities when the price crosses above the SMA or meets specific volatility thresholds.
- Position Sizing: Leverage and capital allocation are used to calculate optimal position sizes dynamically.
- Exit Points: Automated take profit or stop-loss orders minimize manual intervention.
---
Input Descriptions
This strategy provides various customizable input parameters to suit different trading needs. Each input is described below:
1. Initial Settings
- Profit Reinvest (`reinvest`):
- Options: `True` or `False`
- Determines whether profits are reinvested to increase the size of subsequent trades.
- Long Buy % (`longper`):
- Default: `6`
- Sets the percentage of initial capital to allocate for the first long position.
- Leverage (`lev`):
- Default: `3`
- Sets the leverage multiplier for trades. For example, `3` means a 3x leverage is used.
- Fee % (`commission_value`):
- Default: `0.044`
- Input the trading fee as a percentage. This value is factored into profit calculations.
- Decimal Places (`num`):
- Default: `2`
- Determines how many decimal places are considered in calculations.
- Table Font Size (`texts`):
- Default: `Normal`
- Sets the font size for the performance table. Options include `Tiny`, `Small`, `Normal`, and `Large`.
---
2. Volatility and Additional Buy Settings
- Volatility % (`val`):
- Default: `-1.5`
- Sets the volatility percentage used to determine entry points.
- Additional Buy % (`so`):
- Default: `-3`
- Defines the percentage drop at which additional buy orders are executed.
- Take Profit % (`tp`):
- Default: `0.5`
- Specifies the percentage increase at which take profit orders are executed.
- Candle Count (`sl`):
- Default: `1`
- Sets the number of candles to hold a position before closing it.
- Take Profit Stop-Loss % (`tp22`):
- Default: `0.1`
- Sets the stop-loss threshold as a percentage below the average entry price.
- SMA Length (`len`):
- Default: `48`
- Determines the period for calculating the Simple Moving Average (SMA).
---
3. Position Multipliers
- Position Multiplier Longline 4 (`long2_qty`):
- Default: `1`
- Sets the size of the first additional buy position.
- Position Multiplier Longline 5 (`long3_qty`):
- Default: `2`
- Sets the size of the second additional buy position.
- Position Multiplier Longline 4 (`long4_qty`):
- Default: `4`
- Sets the size of the third additional buy position.
- Position Multiplier Longline 5 (`long5_qty`):
- Default: `8`
- Sets the size of the fourth additional buy position.
---
The "Buy The Deep Final Version V3"is an advanced trading strategy designed to help traders automate and optimize their entry, position sizing, and exit points in volatile markets. Below is a detailed explanation of its features, inputs, and functionality.
---
Key Features
1. Dynamic Position Sizing:
- Calculates position size dynamically based on the trader's initial capital, current profit, and leverage settings.
- Provides options for reinvesting profits or maintaining fixed position sizes.
2. Volatility-Based Entry:
- Identifies "buy-the-dip" opportunities based on a calculated volatility percentage (`val`).
3. Automated Take Profit and Stop Loss:
- Automatically sets take profit (`tp`) and stop loss (`tp22`) levels using predefined percentages, ensuring effective risk management.
4. SMA-Based Conditions:
- Utilizes a Simple Moving Average (SMA) as a baseline to determine whether to enter long positions.
5. Support for Additional Buy Levels:
- Allows dollar-cost averaging with multiple additional buy levels (`so1`, `so2`, etc.).
6. Leverage and Commission Customization:
- Users can set desired leverage and trading fees, which are incorporated into the calculations for precise execution.
7. Performance Tracking:
- Displays key metrics, including:
- Total profit and percentage
- Monthly and annual profit percentages
- Maximum drawdown (MDD)
- Win rate
- Includes a performance table and data window for real-time insights.
8. Time-Limited Testing:
- Allows users to test the strategy over specific time periods for refinement and validation.
---
"How It Works"
- Entry Conditions: The strategy identifies opportunities when the price crosses above the SMA or meets specific volatility thresholds.
- Position Sizing: Leverage and capital allocation are used to calculate optimal position sizes dynamically.
- Exit Points: Automated take profit or stop-loss orders minimize manual intervention.
---
Input Descriptions
This strategy provides various customizable input parameters to suit different trading needs. Each input is described below:
1. Initial Settings
- Profit Reinvest (`reinvest`):
- Options: `True` or `False`
- Determines whether profits are reinvested to increase the size of subsequent trades.
- Long Buy % (`longper`):
- Default: `6`
- Sets the percentage of initial capital to allocate for the first long position.
- Leverage (`lev`):
- Default: `3`
- Sets the leverage multiplier for trades. For example, `3` means a 3x leverage is used.
- Fee % (`commission_value`):
- Default: `0.044`
- Input the trading fee as a percentage. This value is factored into profit calculations.
- Decimal Places (`num`):
- Default: `2`
- Determines how many decimal places are considered in calculations.
- Table Font Size (`texts`):
- Default: `Normal`
- Sets the font size for the performance table. Options include `Tiny`, `Small`, `Normal`, and `Large`.
---
2. Volatility and Additional Buy Settings
- Volatility % (`val`):
- Default: `-1.5`
- Sets the volatility percentage used to determine entry points.
- Additional Buy % (`so`):
- Default: `-3`
- Defines the percentage drop at which additional buy orders are executed.
- Take Profit % (`tp`):
- Default: `0.5`
- Specifies the percentage increase at which take profit orders are executed.
- Candle Count (`sl`):
- Default: `1`
- Sets the number of candles to hold a position before closing it.
- Take Profit Stop-Loss % (`tp22`):
- Default: `0.1`
- Sets the stop-loss threshold as a percentage below the average entry price.
- SMA Length (`len`):
- Default: `48`
- Determines the period for calculating the Simple Moving Average (SMA).
---
3. Position Multipliers
- Position Multiplier Longline 4 (`long2_qty`):
- Default: `1`
- Sets the size of the first additional buy position.
- Position Multiplier Longline 5 (`long3_qty`):
- Default: `2`
- Sets the size of the second additional buy position.
- Position Multiplier Longline 4 (`long4_qty`):
- Default: `4`
- Sets the size of the third additional buy position.
- Position Multiplier Longline 5 (`long5_qty`):
- Default: `8`
- Sets the size of the fourth additional buy position.
---
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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