Buy Dip Multiple Positions — Strategy by VolatilityRob
By VolatilityRob
Performance Metrics
- Author: VolatilityRob
- Symbol: BITSTAMP:BTCUSD
- Timeframe: 1 day
- Net P&L: +210,733.61 USD (+197.19%)
- Win Rate: 35.4%
- Profit Factor: 2.379
- Max Drawdown: 30,712.51 USD (16.37%)
- Total Trades: 65
- Sharpe Ratio: 0.155
Description
🎯 ObjectiveThis strategy aims to capture aggressive dip-buying opportunities during volume-confirmed price reversals in short term downtrending markets. It is optimized for multi-entry precision, adaptive stop management, and real-time trade monitoring.It allows traders to execute multiple long entries and dynamically trail stops to maximize gains while capping risk. Designed with modular inputs, this strategy is ideal for intraday momentum scalping and swing trading alike.🔧 How It OperatesThe strategy triggers buy entries when three conditions align:Reversal Candle: Current close < prior low × 0.998Volume Confirmation: Current volume exceeds average of prior 2 bars × 1.2Price Surge Threshold: Current close below user-defined % of close from N bars agoOnce a reversal candle is confirmed, the strategy:Calculates position size based on user-defined risk parametersAllows up to a max number of simultaneous tradesTrailing Stop kicks in 2 bars after entry, climbing by a user-defined % each barExit occurs when price hits either the trailing stop or target price🛠️ InputsUsers can customize all major aspects of the strategy:Max Simultaneous Trades: Default 20Trailing Stop Increase per Bar (%): Default 1%Initial Stop (% of Reversal Low): Default 85%Target Price (% Above Reversal Low): Default 60%Price Surge Threshold (% of Past Close): Default 89%Surge Lookback Bars: Default 14Show Active Trade Dot: Toggle to display green trade status dot📊 Visual OverlaysThe chart displays the following:Marker Description🟢 Green Dot Active trade (toggleable)🔴 Red Dot Max trades reached📈 Trailing Stop Applied internally but not plotted (can be added)📊 Metrics Plots of win rate, winning/losing trade counts📎 NotesStrategy uses strategy.cash allocation logicEntry size adapts to account equity and risk per tradeAll parameters are accessible via the settings panelBuilt entirely in Pine Script v5This strategy balances flexibility and precision, giving traders control over entry timing, capital allocation, and stop behavior. Ideal for those looking to automate dip-buy setups with tactical overlays and visual alerts.