1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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
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
Xiao Martin enters an initial long trade and adds subsequent orders whenever price decreases by a user-defined percentage from the last entry price, subject to a cool-down period and bar lookback filter. After reaching a specified order threshold, position sizing multiplies according to the configured multiplier. The strategy exits all positions when price reaches a target profit percentage above the average position price. It plots directly on the main price chart. Stop loss is disabled by default.
Martingale multiplier position sizing after order threshold
Percentage drop triggers for scaling into long positions
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Start Time
time
timestamp("01 April 2021 20:00")
start_time
End Time
time
timestamp("01 Aug 2030 20:00")
end_time
USDT开单金额
float
100
usdt_order_amount
最大订单数
int
20
posCount
跌幅百分比开单%
float
2.5
next_entry
跌幅多少根K线后禁止下单
int
88
oa_lookback
开单多少单后开启倍投
int
5
multiply_trigger
开单倍数
int
2
multiplier
止盈百分比
float
10.0
tp_all
启用或者关闭止损
bool
false
sl_on
跌幅多少%后止损
float
3
stopLoss
止盈后冷却期(K线数量)
int
3
cool_down
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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