To make our community more profitable we decided to start a series in which we will review open-source TradingView strategies. The aim of the review is to select a strategy (or a number of strategies) from TradingView and run a reality check on it, optimize it and convert it into alerts, so you can set it up as a bot on the WunderTrading platform.
Video overview
What we will provide
Open-strategy source
Strategy adjustment for particular exchange, pair, and timeframe
Backtest
This week we decided to go with the new MACD strategy for the Bitcoin Perpetual (BTC-Perp). This strategy is based on the trend-following momentum indicator. Similarly to our RSI-VWAP version 2 we included the Money Flow index as an additional point for entry. This strategy shows a good stable profit curve and has a significant number of observations in the backtest to confirm the results.
IMPORTANT
Input Partial take profits in your WunderTrading Bot settings
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 inputs for the period selection, so you could see how the strategy is performing on a monthly basis.
ATR for Stop Loss
MFI was added for the additional entries.
Partial Take-profits
Settings
Applicable to Binance: BTC-PERP 1h
Input | Value |
Period | 20 |
Fast Length | 6 |
Slow Length | 20 |
Source | close |
Signal Smoothing | 15 |
Length | 14 |
Lower | 10 |
Upper | 80 |
Long Take Profit 1% | 1 |
Long Take Profit 1 Qty | 50 |
Trailing Stop | 2.5 |
SL Multiplier | 3 |
ATR Period | 15 |
Strategy script code
You can copy this code and paste it into your TradingView