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    Fibonacci Bollinger Bands DCA Martingale Strategy

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    ssurezbabu

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    Fibonacci Bollinger Bands DCA Martingale Strategy

    Uploaded by

    ssurezbabu
    127 views4 pages

    Copyright

    © © All Rights Reserved

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    TXT, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    127 views4 pages

    Fibonacci Bollinger Bands DCA Martingale Strategy

    Uploaded by

    ssurezbabu

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 4

    //@version=5

    strategy("Fibonacci Bollinger Bands DCA Martingale Strategy with Scaling,


    Reinvesting Profits, and EMA Conditions", overlay=true)

    // Input parameters
    length = input.int(200, minval=1, title="Length")
    src = input.source(hlc3, title="Source")
    mult = input.float(3.0, minval=0.001, maxval=50, title="Multiplier")
    initialTradePercent = input.float(10, title="Initial Trade Percentage (%)") / 100
    scalingFactor = input.float(1.2, title="Scaling Factor")
    shortEMA_length = input.int(50, title="Short EMA Length")
    longEMA_length = input.int(200, title="Long EMA Length")

    // Calculate EMAs
    shortEMA = ta.ema(close, shortEMA_length)
    longEMA = ta.ema(close, longEMA_length)

    // Calculate Bollinger Bands


    basis = ta.vwma(src, length)
    dev = mult * ta.stdev(src, length)
    upper_1 = basis + (0.236 * dev)
    upper_2 = basis + (0.382 * dev)
    upper_3 = basis + (0.5 * dev)
    upper_4 = basis + (0.618 * dev)
    upper_5 = basis + (0.764 * dev)
    upper_6 = basis + (1 * dev)
    lower_1 = basis - (0.236 * dev)
    lower_2 = basis - (0.382 * dev)
    lower_3 = basis - (0.5 * dev)
    lower_4 = basis - (0.618 * dev)
    lower_5 = basis - (0.764 * dev)
    lower_6 = basis - (1 * dev)

    // Plotting the EMAs


    plot(shortEMA, color=color.yellow, linewidth=2, title="50 EMA")
    plot(longEMA, color=color.blue, linewidth=2, title="200 EMA")

    // Plotting the Bands


    plot(basis, color=color.fuchsia, linewidth=2)
    plot(upper_1, color=color.white, linewidth=1, title="Upper 0.236")
    plot(upper_2, color=color.white, linewidth=1, title="Upper 0.382")
    plot(upper_3, color=color.white, linewidth=1, title="Upper 0.5")
    plot(upper_4, color=color.white, linewidth=1, title="Upper 0.618")
    plot(upper_5, color=color.white, linewidth=1, title="Upper 0.764")
    plot(upper_6, color=color.red, linewidth=2, title="Upper 1")
    plot(lower_1, color=color.white, linewidth=1, title="Lower 0.236")
    plot(lower_2, color=color.white, linewidth=1, title="Lower 0.382")
    plot(lower_3, color=color.white, linewidth=1, title="Lower 0.5")
    plot(lower_4, color=color.white, linewidth=1, title="Lower 0.618")
    plot(lower_5, color=color.white, linewidth=1, title="Lower 0.764")
    plot(lower_6, color=color.green, linewidth=2, title="Lower 1")

    // Strategy Conditions
    shortCondition1 = ta.crossunder(close, upper_1)
    shortCondition2 = ta.crossunder(close, upper_2)
    shortCondition3 = ta.crossunder(close, upper_3)
    shortCondition4 = ta.crossunder(close, upper_4)
    shortCondition5 = ta.crossunder(close, upper_5)
    shortCondition6 = ta.crossunder(close, upper_6)
    longCondition1 = ta.crossover(close, lower_1)
    longCondition2 = ta.crossover(close, lower_2)
    longCondition3 = ta.crossover(close, lower_3)
    longCondition4 = ta.crossover(close, lower_4)
    longCondition5 = ta.crossover(close, lower_5)
    longCondition6 = ta.crossover(close, lower_6)

    // Calculate available capital


    equity = strategy.equity
    initialTradeAmount = equity * initialTradePercent

    // Track used capital and trade amounts


    var float usedCapital = 0.0
    var float tradeAmount1 = initialTradeAmount
    var float tradeAmount2 = initialTradeAmount * scalingFactor
    var float tradeAmount3 = tradeAmount2 * scalingFactor
    var float tradeAmount4 = tradeAmount3 * scalingFactor
    var float tradeAmount5 = tradeAmount4 * scalingFactor
    var float tradeAmount6 = tradeAmount5 * scalingFactor

    // Track open positions


    var bool hasShort1 = false
    var bool hasShort2 = false
    var bool hasShort3 = false
    var bool hasShort4 = false
    var bool hasShort5 = false
    var bool hasShort6 = false

    var bool hasLong1 = false


    var bool hasLong2 = false
    var bool hasLong3 = false
    var bool hasLong4 = false
    var bool hasLong5 = false
    var bool hasLong6 = false

    // Determine trend based on EMA crossovers


    goldenCross = ta.crossover(shortEMA, longEMA)
    deathCross = ta.crossunder(shortEMA, longEMA)
    longTrend = shortEMA > longEMA
    shortTrend = shortEMA < longEMA

    // Short Entries
    if (shortTrend)
    if (shortCondition1 and usedCapital + tradeAmount1 <= equity and not hasShort1)
    strategy.entry("Short 0.236", strategy.short, qty=tradeAmount1/close)
    usedCapital += tradeAmount1
    hasShort1 := true

    if (shortCondition2 and usedCapital + tradeAmount2 <= equity and not hasShort2)


    strategy.entry("Short 0.382", strategy.short, qty=tradeAmount2/close)
    usedCapital += tradeAmount2
    hasShort2 := true

    if (shortCondition3 and usedCapital + tradeAmount3 <= equity and not hasShort3)


    strategy.entry("Short 0.5", strategy.short, qty=tradeAmount3/close)
    usedCapital += tradeAmount3
    hasShort3 := true
    if (shortCondition4 and usedCapital + tradeAmount4 <= equity and not hasShort4)
    strategy.entry("Short 0.618", strategy.short, qty=tradeAmount4/close)
    usedCapital += tradeAmount4
    hasShort4 := true

    if (shortCondition5 and usedCapital + tradeAmount5 <= equity and not hasShort5)


    strategy.entry("Short 0.764", strategy.short, qty=tradeAmount5/close)
    usedCapital += tradeAmount5
    hasShort5 := true

    if (shortCondition6 and usedCapital + tradeAmount6 <= equity and not hasShort6)


    strategy.entry("Short 1", strategy.short, qty=tradeAmount6/close)
    usedCapital += tradeAmount6
    hasShort6 := true

    // Long Entries
    if (longTrend)
    if (longCondition1 and usedCapital + tradeAmount1 <= equity and not hasLong1)
    strategy.entry("Long 0.236", strategy.long, qty=tradeAmount1/close)
    usedCapital += tradeAmount1
    hasLong1 := true

    if (longCondition2 and usedCapital + tradeAmount2 <= equity and not hasLong2)


    strategy.entry("Long 0.382", strategy.long, qty=tradeAmount2/close)
    usedCapital += tradeAmount2
    hasLong2 := true

    if (longCondition3 and usedCapital + tradeAmount3 <= equity and not hasLong3)


    strategy.entry("Long 0.5", strategy.long, qty=tradeAmount3/close)
    usedCapital += tradeAmount3
    hasLong3 := true

    if (longCondition4 and usedCapital + tradeAmount4 <= equity and not hasLong4)


    strategy.entry("Long 0.618", strategy.long, qty=tradeAmount4/close)
    usedCapital += tradeAmount4
    hasLong4 := true

    if (longCondition5 and usedCapital + tradeAmount5 <= equity and not hasLong5)


    strategy.entry("Long 0.764", strategy.long, qty=tradeAmount5/close)
    usedCapital += tradeAmount5
    hasLong5 := true

    if (longCondition6 and usedCapital + tradeAmount6 <= equity and not hasLong6)


    strategy.entry("Long 1", strategy.long, qty=tradeAmount6/close)
    usedCapital += tradeAmount6
    hasLong6 := true

    // Reset used capital and position trackers after closing all positions
    if ((strategy.position_size > 0 and close >= basis) or (strategy.position_size < 0
    and close <= basis))
    strategy.close_all()
    usedCapital := 0.0
    hasShort1 := false
    hasShort2 := false
    hasShort3 := false
    hasShort4 := false
    hasShort5 := false
    hasShort6 := false
    hasLong1 := false
    hasLong2 := false
    hasLong3 := false
    hasLong4 := false
    hasLong5 := false
    hasLong6 := false

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