Strategy · Pine Script v5 · On the chart

Spot Net Strategy

by zhuzp98· code credited to rhapsodyz

Spot Net Strategy is a Pine Script v5 overlay strategy aimed at cryptocurrencies.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code89
Settings3inputs
LicenceNone statedfile: MPL-2.0
Last update1 year ago17 Jan 2025

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

89 lines of Pine Script v5 from PineScript/Z_Stg_NetSpot.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

Z_Stg_NetSpot.pine
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © rhapsodyz

//@version=5
strategy(title = "Spot Net Strategy", 
     overlay = true, 
     pyramiding = 0, 
     initial_capital = 100000,
     default_qty_type= strategy.percent_of_equity, 
     default_qty_value = 100, 
     commission_type = strategy.commission.percent, 
     commission_value = 0.1, 
     slippage = 1)

// #######################
// === General Numbers ===
// #######################

// === Equity Usage ===
equityUsage = input(1.0, title="Equity Usage Percentage")
_qty = (strategy.equity * equityUsage) / close

// === Input A ===


// === Input B ===


// === Input C ===


// ##################
// === Indicators ===
// ##################

// === Indicator A ===


// === Indicator B ===


// === Indicator C ===


// ##################
// === Conditions ===
// ##################

// === Condition A ===
enterLong = close == 0.998
enterShort = close == 1.004

// === Condition B ===


// === Condition C ===


// #######################
// === Risk Management ===
// #######################

// === Stop-loss ===
stopLoss   = input(3, "Stop Loss")
var float stopLossPrice = na

// === Take-profit ===
takeProfit = input(30, "Take Profit")
var float takeProfitPrice = na

// #######################
// === Order Execution ===
// #######################

// === Execute long entry ===
if enterLong
    strategy.entry("Long", strategy.long, qty = _qty)

// === Execute long exit ===
if enterShort
    strategy.close("Long", qty_percent=100)

// === Execute short entry ===
if enterShort
    strategy.entry("Short", strategy.short, qty = _qty)

// === Execute short exit ===
if enterLong
    strategy.close("Short", qty_percent = 100)

Overview

Spot Net Strategy sizes each order from account equity times an equity-usage percentage, divided by price. It opens a long when close equals 0.998 and a short when close equals 1.004, then closes the opposite position in full. Stop-loss and take-profit inputs are declared but never applied to exits. Pyramiding is disabled and no timeframe is specified.

Details

Published by

zhuzp98 on GitHub

Code credit

rhapsodyz, as written in the script's header

Draws

On the price chart

Markets

Crypto

Timeframes

Any timeframe

Risk Notes

  • 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
Equity Usage Percentagefloat1.0equityUsage
Stop Lossint3stopLoss
Take Profitint30takeProfit
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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