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Multi TP Strategy

This document contains the code for a trading strategy that uses standard deviation to determine trend and entries. It takes adjustable percentage take profits at 5 levels and a static stop loss. The strategy plots trend lines and takes both long and short trades with multiple take profit levels.

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yusakulwork
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477 views3 pages

Multi TP Strategy

This document contains the code for a trading strategy that uses standard deviation to determine trend and entries. It takes adjustable percentage take profits at 5 levels and a static stop loss. The strategy plots trend lines and takes both long and short trades with multiple take profit levels.

Uploaded by

yusakulwork
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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// Strategy using standard deviation for trend to detemine entries with

// adjustable % Take Profits x 5, adjustable % static Stop loss x 1, using 14


plots.
//@version=5
strategy("Multi TP Strategy", overlay=true)

// Bactest ('myWindow'- used in strategy calls)


daysBack = input.int(7, title="Plot days back", inline='1')
millisecs_IN_DAY = 24 * 60 * 60 * 1000 //hour*mins*sec*millisec
lastBarDate = timestamp(year(timenow), month(timenow), dayofmonth(timenow),
hour(timenow), minute(timenow), second(timenow))
thisBarDate = timestamp(year, month, dayofmonth, hour, minute, second), daysLeft =
math.floor((lastBarDate - thisBarDate) / millisecs_IN_DAY)
myWindow = daysLeft <= daysBack-1

// No repaint
res = timeframe.ismonthly ? str.tostring(timeframe.multiplier, '###M')
: timeframe.isweekly ? str.tostring(timeframe.multiplier, '###W')
: timeframe.isdaily ? str.tostring(timeframe.multiplier, '###D')
: timeframe.isintraday ? str.tostring(timeframe.multiplier, '####') : '60'
closey = request.security(syminfo.tickerid, res, close[barstate.isrealtime ? 1:0])
openy = request.security(syminfo.tickerid, res, open[barstate.isrealtime ? 1:0])

// Inputs
tradeType = input.string('BOTH', title='Trades ', options=['LONGS', 'SHORTS',
'BOTH', 'NONE'], inline='1')
TD = input.int(70, title='Trade infrequency', inline='1')
txt1 = "If no trend smoother ticked then default trend step is used with the Trade
infrequency number for the steps"
SmA = input.bool(false, title='Use Trend smoother with', inline='2',
tooltip=txt1)
smaAmount = input.int(100, title=' amount', step=5, inline='2')
tpPer = input.float(1.5, title='TP %', step=0.1, inline='3')
slPer = input.float(1, title='SL %', minval=0, step=0.1, inline='3')

// Decs
var float entryprice = 0.0
var float tradeStopPrice = 0.0
var float tp1 = 0.0, var float tp2 = 0.0, var float tp3 = 0.0, var float tp4 = 0.0,
var float tp5 = 0.0
float SL = close/100 * slPer
SLtick = math.round_to_mintick(slPer*close)
shortstopprice = math.round_to_mintick(low+SL)
longstopprice = math.round_to_mintick(high-SL)

// Trends / trades entries


my_xtrend(src) =>
var _f = .0, dev = ta.stdev(close,2)*TD
_f := dev < 2 ? closey : closey > nz(_f[1],closey) + dev ?
closey : closey < nz(_f[1],closey) - dev ? closey : _f[1]
var _x = .0, var xcols = color.white, dev = ta.stdev(hlcc4,2)*TD
_x := dev < 1 ? closey : closey > nz(_x[1],closey) + dev ?
closey : closey < nz(_x[1],closey) - dev ? closey : _x[1]
xcols := fixnan(_x > _x[1] ? #33cc33 : _x < _x[1] ?
#cc0000 : na), Dn_x = my_xtrend(openy),Up_x = my_xtrend(closey)

// Colors
xbear = xcols == #cc0000 and (nz(Dn_x,xcols == #cc0000))
xbull = xcols == #33cc33 and (nz(Up_x,xcols == #33cc33))
barColor = xbull ? #33cc33 : xbear ? #cc0000 : na //green and red
barcolor(barColor, title='Bar Colours')

// Trade Entry conditions


longCondition = not SmA ? ta.crossover(openy, Dn_x) : ta.crossover(openy,
ta.sma(Dn_x,smaAmount))
shortCondition = not SmA ? ta.crossover(closey, Up_x) : ta.crossunder(closey,
ta.sma(Up_x,smaAmount))

//Main collated conditions


validLong = strategy.position_size == 0 and barstate.isconfirmed and longCondition
and xbull //ensure position flat, bar closed, and long cond and in local bull
trend
validShort = strategy.position_size == 0 and barstate.isconfirmed and
shortCondition and xbear //ensure position flat, bar closed, and short cond and in
local bear trend

// long entry and stop price capture at point of entry (keeps the plot lines
straight and allows constant saved variable for strat exits below)
if validLong
entryprice := ta.valuewhen(longCondition,close,0)
tradeStopPrice := int(longstopprice)
tp1 := entryprice*(tpPer/100)/5*1/syminfo.mintick
tp2 := entryprice*(tpPer/100)/5*2/syminfo.mintick
tp3 := entryprice*(tpPer/100)/5*3/syminfo.mintick
tp4 := entryprice*(tpPer/100)/5*4/syminfo.mintick
tp5 := entryprice*(tpPer/100)/5*5/syminfo.mintick

// short entry and stop price capture at point of entry (keeps the plot lines
straight and allows constant saved variable for strat exits below)
if validShort
entryprice := ta.valuewhen(shortCondition,close,0)
tradeStopPrice := int(shortstopprice)
tp1 := entryprice*(tpPer/100)/5*1/syminfo.mintick
tp2 := entryprice*(tpPer/100)/5*2/syminfo.mintick
tp3 := entryprice*(tpPer/100)/5*3/syminfo.mintick
tp4 := entryprice*(tpPer/100)/5*4/syminfo.mintick
tp5 := entryprice*(tpPer/100)/5*5/syminfo.mintick

//.......... sl pink circles


hs=plot(strategy.position_size > 0 ? tradeStopPrice : na, color=color.new(#fd0e70,
0), style=plot.style_circles, linewidth=1) //debug trade length in bars
ls=plot(strategy.position_size < 0 ? tradeStopPrice : na, color=color.new(#fd0e70,
0), style=plot.style_circles, linewidth=1) //debug trade length in bars

// main trend line plots


sp=plot(not SmA ? Dn_x : ta.sma(Dn_x,smaAmount), title='Short', color=xcols,
style=plot.style_linebr, linewidth=3, editable=true)
lp=plot(not SmA ? Up_x : ta.sma(Up_x,smaAmount), title='Long', color=xcols,
style=plot.style_linebr, linewidth=3, editable=true)

// conditional trade tp's


Lx=strategy.position_size != 0 and strategy.position_size > 0,
Sx=strategy.position_size != 0 and strategy.position_size < 0
ltp1 = plot(Lx ? (entryprice+entryprice/100*tpPer/5*1) : na, title='tp1',
color=#00ff00, style=plot.style_linebr, linewidth=1)//green
ltp2 = plot(Lx ? (entryprice+entryprice/100*tpPer/5*2) : na, title='tp2',
color=#00ff00, style=plot.style_linebr, linewidth=1)//green
ltp3 = plot(Lx ? (entryprice+entryprice/100*tpPer/5*3) : na, title='tp3',
color=#00ff00, style=plot.style_linebr, linewidth=1)//green
ltp4 = plot(Lx ? (entryprice+entryprice/100*tpPer/5*4) : na, title='tp4',
color=#00ff00, style=plot.style_linebr, linewidth=1)//green
ltp5 = plot(Lx ? (entryprice+entryprice/100*tpPer/5*5) : na, title='tp5',
color=#00ff00, style=plot.style_linebr, linewidth=1)//green
stp1 = plot(Sx ? (entryprice-entryprice/100*tpPer/5*1) : na, title='tp1',
color=#ff0000, style=plot.style_linebr, linewidth=1)//red
stp2 = plot(Sx ? (entryprice-entryprice/100*tpPer/5*2) : na, title='tp2',
color=#ff0000, style=plot.style_linebr, linewidth=1)//red
stp3 = plot(Sx ? (entryprice-entryprice/100*tpPer/5*3) : na, title='tp3',
color=#ff0000, style=plot.style_linebr, linewidth=1)//red
stp4 = plot(Sx ? (entryprice-entryprice/100*tpPer/5*4) : na, title='tp4',
color=#ff0000, style=plot.style_linebr, linewidth=1)//red
stp5 = plot(Sx ? (entryprice-entryprice/100*tpPer/5*5) : na, title='tp5',
color=#ff0000, style=plot.style_linebr, linewidth=1)//red

if myWindow
if (tradeType == 'LONGS' or tradeType == 'BOTH')
strategy.entry(id='L', direction=strategy.long, qty=5, when=validLong)
strategy.exit(id='L_tp1', from_entry='L', qty=1, profit=tp1, loss=SLtick,
when=strategy.position_size > 0)
strategy.exit(id='L_tp2', from_entry='L', qty=1, profit=tp2, loss=SLtick,
when=strategy.position_size > 0)
strategy.exit(id='L_tp3', from_entry='L', qty=1, profit=tp3, loss=SLtick,
when=strategy.position_size > 0)
strategy.exit(id='L_tp4', from_entry='L', qty=1, profit=tp4, loss=SLtick,
when=strategy.position_size > 0)
strategy.exit(id='L_tp5', from_entry='L', qty=1, profit=tp5, loss=SLtick,
when=strategy.position_size > 0)
strategy.close(id='L', qty_percent=100, when=ta.crossunder(close,
tradeStopPrice))// close if stop hit

if (tradeType == 'SHORTS' or tradeType == 'BOTH')


strategy.entry(id='S', direction=strategy.short, qty=5, when=validShort)
strategy.exit(id='S_tp1', from_entry='S', qty=1, profit=tp1, loss=SLtick,
when=strategy.position_size < 0)
strategy.exit(id='S_tp2', from_entry='S', qty=1, profit=tp2, loss=SLtick,
when=strategy.position_size < 0)
strategy.exit(id='S_tp3', from_entry='S', qty=1, profit=tp3, loss=SLtick,
when=strategy.position_size < 0)
strategy.exit(id='S_tp4', from_entry='S', qty=1, profit=tp4, loss=SLtick,
when=strategy.position_size < 0)
strategy.exit(id='S_tp5', from_entry='S', qty=1, profit=tp5, loss=SLtick,
when=strategy.position_size < 0)
strategy.close(id='S', qty_percent=100, when=ta.crossover(close,
tradeStopPrice))// close if stop hit
//end

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