This strategy plots Bollinger Bands on the price chart with adjustable length, standard deviation, and offset. It defines buy and sell zones using candle size percentage and body size thresholds. Long positions enter when the lower zone is breached without con
Strategy · Pine Script v5 · On the chart
Advanced Crypto Trading Strategy
A long-only strategy hard-coded to the BTCUSDT 5-minute series through a security request.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code42
Settings0inputs
LicenceMIT
Last update3 years ago1 Feb 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
42 lines of Pine Script v5 from btcusdt_5min/code.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © mercy2466
//@version=5
strategy("Advanced Crypto Trading Strategy",default_qty_value = 0.0042, overlay=true)
// Define Variables
symbol = "BTCUSDT"
timeframe = "5"
smaLength = 9
atrLength = 14
rsiLength = 14
profit_percent = 1.0/100.0
stop_loss = 5.0/100.0
// Get data
price = request.security(symbol, timeframe, close)
sma = ta.sma(price, smaLength)
atr = request.security(symbol,timeframe,ta.atr(atrLength))
rsi = ta.rsi(price, rsiLength)
// Buy signal
buySignal = ta.cross(price, sma) and rsi < 50
// Sell signal
sellSignal = price > (strategy.position_avg_price + (strategy.position_avg_price * profit_percent))
// Trailing Stop
stopPrice = strategy.position_avg_price * (1 - (atr * stop_loss))
// Trade management
if (buySignal)
strategy.entry("Long", strategy.long, stop = stopPrice, comment = "Buy")
if (sellSignal)
strategy.close_all(comment = "Sell")
// Plot Indicators
plot(price, color = color.blue, linewidth = 2, title = "Price")
plot(sma, color = color.red, linewidth = 2, title = "SMA")
plot(atr, color = color.green, linewidth = 2, title = "ATR")
plot(rsi, color = color.orange, linewidth = 2, title = "RSI", style = plot.style_areabr)
Overview
Advanced Crypto Trading Strategy enters long when price crosses a 9-period simple moving average while RSI is below 50. It closes all positions when price is one percent above the average entry price. The only protective level is a stop order price derived from the entry price and ATR, used as the entry stop, so it is not a true stop loss. There are no inputs. It plots price, SMA, ATR and RSI values together on the chart.
- Long-only SMA cross with RSI below 50
- Fixed one percent exit above average entry
- Hard-coded BTCUSDT 5-minute data request
- No user inputs
Details
Published by
mercyplaisir on GitHub
Code credit
mercy2466, as written in the script's header
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Moving averages, Mean reversion
Markets
Crypto
Timeframes
M1-M5
Risk Notes
- The strategy enters trades without a stop loss
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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