To help our community become more profitable, we’ve launched a new series where we review open-source TradingView strategies. The goal is to select a strategy (or several), run a reality check, optimize them, and convert them into alerts so that you can set them up as bots on the WunderTrading platform.
Video overview
What we will provide
Open-source strategy
Strategy adjustment for a specific exchange, pair, and timeframe
Backtest
This week, we’ve decided to go with the new MACD-based strategy for the Bitcoin Perpetual (BTC-PERP). This strategy uses a trend-following momentum indicator. Similar to our RSI-VWAP version 2, we’ve included the Money Flow Index as an additional entry condition. The strategy demonstrates a stable profit curve and has a significant number of observations in the backtest to validate the results.
IMPORTANT!
Input partial take profits in your WunderTrading bot settings
This is a trend strategy and works best in trending markets
A trend identifier was added using the interaction between the EMA and SMA
Inputs for period selection were added, allowing you to evaluate the strategy’s performance on a monthly basis
ATR-based for Stop Loss was implemented
MFI was added for additional entries
Partial take-profits are supported
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.