Strategy · Pine Script v4 · On the chart

inwCoin Martingale Strategy (for Bitcoin)

by regalouisei

This strategy executes long trades on cryptocurrency charts using initial entry signals derived from MACD, Stochastic RSI, or ATR channel logic.

View on GitHub

GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code223
Settings15inputs
LicenceNone stated
Last update8 months ago25 Feb 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  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

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

When an active position drops below a designated percentage threshold, the strategy automatically adds to the trade using a customizable martingale multiplier to scale down the average entry price. Trades are closed when the total position hits the specified percentage take-profit target. Users can customize position sizing, step drop percentages, multiplier values, and backtesting date ranges. Note that this strategy utilizes heavy pyramiding and does not incorporate a stop loss.

Details

Published by

regalouisei on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Category

Oscillators & momentum, Mean reversion

Markets

Crypto

Timeframes

Any timeframe

Risk Notes

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

Settings

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

SettingTypeDefaultVariable
pricesourcecloseprice
Fixed position size ( Unchecked for percent of initial capital )boolfalsefixed_position_size_bool
Start Position Size ( Fixed or Percent )float10.0start_position_size
Start Position LogicstringMACD Line > 0first_position_logic
Take Profit Percentfloat5.0take_profit_percent
Start Martingale if price drop with this Percentfloat10.0martingale_percent
Martingale Multiplierfloat2.0martingale_mult
Trade directionstringLong Onlytrade_side
use_date_rangebooltrueuse_date_range
From Yearint2018FromYear
From Monthint1FromMonth
From Dayint1FromDay
Show all 15 settings
SettingTypeDefaultVariable
To Yearint9999ToYear
To Monthint1ToMonth
To Dayint1ToDay
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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