Buy The Deep Final Version V3Buy The Deep Final Version V3
This script implements a buy-the-dip strategy based on market volatility, featuring multi-level additional buy logic and performance visualization tools for traders.
Key Features Dynamic Position Sizing:
Dynamically calculates position size based on the trader's initial capital, current profit, and leverage settings. Offers options to reinvest profits or maintain fixed position sizes.
Volatility-Based Entry:
Identifies buy opportunities based on a calculated volatility percentage (val).
Automated Take Profit and Stop Loss:
Automatically sets take profit (tp) and stop-loss (tp22) levels using predefined percentages to ensure effective risk management.
SMA-Based Conditions:
Uses a Simple Moving Average (SMA) to determine whether to enter long positions.
Support for Additional Buy Levels:
Supports dollar-cost averaging (DCA) with additional buy levels (so1, so2, etc.).
Leverage and Commission Customization:
Allows users to set desired leverage and trading fees, which are incorporated into calculations for precise execution.
Performance Tracking:
Displays the following key metrics: 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.
Time-Limited Testing:
Enables users to test the strategy over specific time periods for refinement and validation.
How It Works: Entry Conditions: Identifies opportunities when the price crosses above the SMA or meets specific volatility thresholds. Position Sizing: Dynamically calculates optimal position sizes using leverage and capital allocation. Exit Points: Automated take profit and stop-loss orders minimize manual intervention.
Input Descriptions
This strategy offers customizable input parameters to accommodate various trading needs. Each input is described below:
Initial Settings Profit Reinvest (reinvest):
Options: True or False Determines whether to reinvest profits to increase the size of subsequent trades.
Long Buy % (longper):
Default: 6 Sets the percentage of initial capital allocated for the first long position.
Leverage (lev):
Default: 3 Sets the leverage multiplier for trades. For example, 3 means 3x leverage is used.
Fee % (commission_value):
Default: 0.044 Input the trading fee as a percentage, which is factored into profit calculations.
Decimal Places (num):
Default: 2 Determines the number of decimal places considered in calculations.
Table Font Size (texts):
Default: Normal Sets the font size for the performance table. Options include Tiny, Small, Normal, and Large.
Volatility and Additional Buy Settings Volatility % (val):
Default: -1.5 Specifies 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 Defines 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).
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.
