Description

This week we found a free stochastic indicator strategy for a 30 min time frame working for long and short entries for BTC futures on Binance Exchange. The original idea was taken from 03.freeman. Follow this guide to set up a free Binance bot.

You will find the original strategy code here: MTF stochastic strategy.

IMPORTANT

  • This is a trend strategy and works better in the trending market

  • We added the trend identifier using the EMA and SMA interaction

  • We Added Take profit and stop loss levels

  • We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.

Settings

Applicable to Binance Futures: BTC-Futures 30 min

Input

Value

Long Length for Main Stochastic

33

Long SmoothK For Main Stochastic

1

Long SmoothD For Main Stochastic

22

Long Upper Line Value

78

Short Length For Main Stochastic

26

Short SmoothK For Main Stochastic

34

Short SmoothD For Main Stochastic

22

Short Lower Line Value

13

Long Stop Loss %

4

Trailing Stop Long

1.1

Short Stop Loss %

2.3

Trailing Stop Short

1.1

Revised strategy script code

You can copy this code and paste it into your TradingView.

//Updated by: Wunderbit Trading
//Original Idea by: 03.freeman

//@version=4
strategy("MTF stochastic strategy", overlay=true, pyramiding=3, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, currency = currency.USD )
//
len_long = input(33, minval=1, title="Long Length for Main Stochastic")
smoothK_long = input(1, minval=1, title="Long SmoothK for Main Stochastic")
smoothD_long = input(22, minval=1, title="Long SmoothD for Main Stochastic")
upLine_long = input(78, minval=50, maxval=90, title=" Long Upper Line Value?")

// current stochastic calculation long
k_long = sma(stoch(close, high, low, len_long), smoothK_long)
d_long = sma(k_long, smoothD_long)

//mtf stochastic calculation smoothed with period long
MTF_period_long= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M'
mtfK_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(stoch(close, high, low, len_long), smoothK_long)),len_long,0)
mtfD_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(k_long, smoothD_long)),len_long,0)

len_short = input(26, minval=1, title="Short Length for Main Stochastic")
smoothK_short = input(34, minval=1, title="Short SmoothK for Main Stochastic")
smoothD_short = input(22, minval=1, title="Short SmoothD for Main Stochastic")
lowLine_short = input(13, minval=10, maxval=50, title=" Short Lower Line Value?")

// current stochastic calculation long
k_short = sma(stoch(close, high, low, len_short), smoothK_short)
d_short = sma(k_short, smoothD_short)

//mtf stochastic calculation smoothed with period long
MTF_period_short= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'':timeframe.period=='W'?'D':'M'
mtfK_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(stoch(close, high, low, len_short), smoothK_short)),len_short,0)
mtfD_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(k_short, smoothD_short)),len_short,0)



//long_tp_inp = input(0.5, title='Long Take Profit %', step=0.1)/10
long_sl_inp = input(4, title='Long Stop Loss %', step=0.1)/100
long_trailing = input(1.1, title='Trailing Stop Long', step=0.1) / 100

//long_take_level = strategy.position_avg_price * (1 + long_tp_inp)
long_stop_level = strategy.position_avg_price * (1 - long_sl_inp)


//short_tp_inp = input(0.5, title='Short Take Profit %', step=0.1)/100
short_sl_inp = input(2.3, title='Short Stop Loss %', step=0.1)/100
short_trailing = input(1.1, title='Trailing Stop short', step=0.1) / 100

//short_take_level = strategy.position_avg_price * (1 - short_tp_inp)
short_stop_level = strategy.position_avg_price * (1 + short_sl_inp)


/// STRATEGY CONDITIONS ///


entry_long = crossover(mtfK_long, 50) and k_long > 50 and change(k_long, 1) > 0 and k_long > d_long and mtfK_long > mtfD_long
entry_price_long=valuewhen(entry_long,close,0)
exit_long = crossunder(mtfD_long, upLine_long)


entry_short = crossunder(mtfD_short, 50) and k_short < 50 and change(k_short, 1) < 0 and k_short < d_short and mtfK_short < mtfD_short
entry_price_short=valuewhen(entry_short,close,0)
exit_short = crossunder(mtfK_short, lowLine_short)


/// PERIOD ///
testStartYear = input(2019, "Backtest Start Year")
testStartMonth = input(1, "Backtest Start Month")
testStartDay = input(1, "Backtest Start Day")
testPeriodStart = timestamp(testStartYear,testStartMonth,testStartDay,0,0)

testStopYear = input(9999, "Backtest Stop Year")
testStopMonth = input(12, "Backtest Stop Month")
testStopDay = input(31, "Backtest Stop Day")
testPeriodStop = timestamp(testStopYear,testStopMonth,testStopDay,0,0)

testPeriod() =>
time >= testPeriodStart and time <= testPeriodStop ? true : false

//// STRATEGY EXECUTION ////

if testPeriod()
if strategy.position_size == 0 or strategy.position_size > 0
strategy.entry(id="Long", long=true, when=entry_long, comment="Enter Long Comment")
strategy.exit("Take Profit/ Stop Loss","Long", stop=long_stop_level,trail_points=entry_price_long * long_trailing / syminfo.mintick, trail_offset=entry_price_long * long_trailing / syminfo.mintick, comment="Exit Long Comment")
strategy.close(id="Long", when=exit_long, comment = "Exit Long Comment")

if strategy.position_size == 0 or strategy.position_size < 0
strategy.entry(id="Short", long=false, when=entry_short, comment = "Enter Short Comment")
strategy.exit("Take Profit/ Stop Loss","Short", stop=short_stop_level, trail_points=entry_price_short * short_trailing / syminfo.mintick, trail_offset=entry_price_short * short_trailing / syminfo.mintick, comment = "Exit Short Comment")
strategy.close(id="Short", when=exit_short, comment = "Exit Short Comment")

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