Strategy · Pine Script v4 · On the chart

Automated - Fibs with Market orders

by hasnocool· code credited to CryptoRox

This strategy detects a pivot range using a user-defined length to calculate multiple Fibonacci retracement levels.

View on GitHub

GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code118
Settings8inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

118 lines of Pine Script v4 from Automated - Fibs with Market orders.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

Automated - Fibs with Market orders.pine
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © CryptoRox
//@version=4
//Paste the line below in your alerts to run the built-in commands.
//{{strategy.order.alert_message}}
strategy("Automated - Fibs with Market orders", "Strategy", true, precision=8, pyramiding=1000, commission_type=strategy.commission.percent, commission_value=0.04)
//Settings 
testing = input(false, "Live")
//Use epochconverter or something similar to get the current timestamp.
starttime = input(1600976975, "Start Timestamp") * 1000
//Wait XX seconds from that timestamp before the strategy starts looking for an entry.
seconds = input(60, "Start Delay") * 1000
testPeriod = testing ? time > starttime + seconds : 1
leverage = input(1, "Leverage")
tp = input(1.0, "Take Profit %") / leverage
dca = input(-1.0, "DCA when < %") / leverage *-1
fibEntry = input("1", "Entry Level", options=["1", "2", "3", "4", "5", "6", "7", "8", "9", "10"])
//Strategy Calls
equity = strategy.equity
avg = strategy.position_avg_price
symbol = syminfo.tickerid
openTrades = strategy.opentrades
closedTrades = strategy.closedtrades
size = strategy.position_size
//Fibs
lentt = input(60, "Pivot Length")
h = highest(lentt)
h1 = dev(h, lentt) ? na : h
hpivot = fixnan(h1)
l = lowest(lentt)
l1 = dev(l, lentt) ? na : l
lpivot = fixnan(l1)
z = 400
p_offset= 2
transp = 60
a=(lowest(z)+highest(z))/2
b=lowest(z)
c=highest(z)
fib0 = (((hpivot - lpivot)) + lpivot)
fib1 = (((hpivot - lpivot)*.21) + lpivot)
fib2 = (((hpivot - lpivot)*.3) + lpivot)
fib3 = (((hpivot - lpivot)*.5) + lpivot)
fib4 = (((hpivot - lpivot)*.62) + lpivot)
fib5 = (((hpivot - lpivot)*.7) + lpivot)
fib6 = (((hpivot - lpivot)* 1.00) + lpivot)
fib7 = (((hpivot - lpivot)* 1.27) + lpivot)
fib8 = (((hpivot - lpivot)* 2) + lpivot)
fib9 = (((hpivot - lpivot)* -.27) + lpivot)
fib10 = (((hpivot - lpivot)* -1) + lpivot)
notna = nz(fib10[60])
entry = 0.0
if fibEntry == "1"
    entry := fib10
if fibEntry == "2"
    entry := fib9
if fibEntry == "3"
    entry := fib0
if fibEntry == "4"
    entry := fib1
if fibEntry == "5"
    entry := fib2
if fibEntry == "6"
    entry := fib3
if fibEntry == "7"
    entry := fib4
if fibEntry == "8"
    entry := fib5
if fibEntry == "9"
    entry := fib6
if fibEntry == "10"
    entry := fib7
profit = avg+avg*(tp/100)
pause = 0
pause := nz(pause[1])
paused = time < pause
fill = 0.0
fill := nz(fill[1])
count = 0.0
count := nz(fill[1])
filled = count > 0 ? entry > fill-fill/100*dca : 0
signal = testPeriod and notna and not paused and not filled ? 1 : 0
neworder = crossover(signal, signal[1])
moveorder = entry != entry[1] and signal and not neworder ? true : false
cancelorder = crossunder(signal, signal[1]) and not paused
filledorder = crossunder(low[1], entry[1]) and signal[1]
last_profit = 0.0
last_profit := nz(last_profit[1])
// if neworder and signal
//     strategy.order("New", 1, 0.0001, alert_message='New Order|e=binancefuturestestnet s=btcusdt b=long q=0.0011 fp=' + tostring(entry)) 
// if moveorder
//     strategy.order("Move", 1, 0.0001, alert_message='Move Order|e=binancefuturestestnet s=btcusdt b=long c=order|e=binancefuturestestnet s=btcusdt b=long q=0.0011 fp=' + tostring(entry))
if filledorder and size < 1
    fill := entry
    count := count+1 
    pause := time + 60000
    p = close+close*(tp/100)
    strategy.entry("Buy", 1, 1,  alert_message='Long|e=binancefuturestestnet s=btcusdt b=long q=0.0011 t=market')
if filledorder and size >= 1
    fill := entry
    count := count+1 
    pause := time + 60000
    strategy.entry("Buy", 1, 1,  alert_message='Long|e=binancefuturestestnet s=btcusdt b=long q=0.0011 t=market')
// if cancelorder and not filledorder
//     pause := time + 60000
//     strategy.order("Cancel", 1, 0.0001,  alert_message='Cancel Order|e=binancefuturestestnet s=btcusdt b=long c=order')
if filledorder
    last_profit := profit
closeit = crossover(high, profit) and size >= 1
if closeit
    strategy.entry("Close ALL", 0, 0, alert_message='Close Long|e=binancefuturestestnet s=btcusdt b=long c=position t=market')
    count := 0
    fill := 0.0
    last_profit := 0.0
    
//Plots
// bottom = signal ? color.green : filled ? color.red : color.white
// plot(entry, "Entry", bottom)
Expand (133 lines)

Overview

Automated - Fibs with Market orders enters long market orders when price touches a selected retracement level. Take profit is set as a percentage of entry price, and DCA activates when price drops below a threshold percentage. The script includes a configurable start delay and timestamp to control when trading begins. It plots Fibonacci extensions on the price chart and uses pyramiding for multiple positions. No stop loss is applied by default.

Details

Published by

hasnocool on GitHub

Code credit

CryptoRox, as written in the script's header

Type

Strategy, Pine Script v4

Draws

On the price chart

Category

Support & resistance

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • The strategy can add several entries in the same direction
  • The strategy enters trades without a stop loss

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Liveboolfalsetesting
Start Timestampint1600976975starttime
Start Delayint60seconds
Leverageint1leverage
Take Profit %float1.0tp
DCA when < %float-1.0dca
Entry Levelstring1fibEntry
Pivot Lengthint60lentt
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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