Advanced Strategy Template by PickMyTrade_Official
By PickMyTrade_Official
Performance Metrics
- Author: PickMyTrade_Official
- Symbol: BINANCE:BTCUSD
- Timeframe: 5 minutes
- Net P&L: −100,691.48 USD (−10.07%)
- Win Rate: 51.5%
- Profit Factor: 0.336
- Max Drawdown: 103,440.23 USD (10.34%)
- Total Trades: 336
Description
This script is a strategy execution and risk-management template designed to test external indicators under consistent and repeatable conditions.The script does not generate buy or sell signals internally. All trade entries and exits are driven by a user-supplied indicator through a numeric connector. This design intentionally separates signal generation from trade execution, allowing users to evaluate indicators without rewriting strategy logic.Purpose and OriginalityThe purpose of this template is to provide a standardized execution framework rather than a trading methodology.Instead of embedding a specific signal logic, the script focuses on how trades are managed after a signal occurs. This allows users to:Benchmark different indicators under identical execution rulesCompare stop-loss and take-profit models objectivelyStudy the impact of risk constraints on performanceReduce bias caused by inconsistent trade managementThis makes the script suitable for educational testing and experimentation, not for presenting a profitable strategy.How the Signal Connector WorksThe strategy listens to a single numeric data source supplied by an external indicator.The indicator must output values using the following convention:1 → open long position-1 → open short position0 → no actionOptional:2 → custom close for long-2 → custom close for shortThe strategy reacts only to these values and ignores all other indicator logic.Example Connector Code (Indicator Side)Users must add the following logic to their indicator to make it compatible with this template:// Strategy Connector// 1 = Buy// -1 = Sell// 0 = No Signalsignal = buySignal ? 1 : sellSignal ? -1 : 0plot(signal, title="Connector", display=display.none)buySignal and sellSignal represent the indicator’s own conditionsThe connector plot is hidden and used only as a data sourceHow to Connect the Indicator to the StrategyAdd the indicator (with connector output) to the chartAdd this strategy template to the same chartOpen the strategy’s settingsSet Data source to the indicator’s Connector plotConfigure risk, stop-loss, and take-profit settings as requiredThe strategy will not execute trades unless a valid connector signal is received.Execution and Risk-Management FeaturesThis template provides configurable execution modules including:Position sizing and pyramiding controlMaximum drawdown and intraday loss limitsConsecutive win, loss, and losing-day limitsStop-loss methods (percent, trailing, ATR, structure-based)Take-profit models (single target, tiered targets, risk-reward, Fibonacci levels)Optional breakeven logicSession-based trading controlAll execution logic operates independently of the signal source.Strategy Properties and ResultsDefault strategy properties are intentionally conservative and provided only as a demonstration baseline.Backtest results depend entirely on:The connected indicatorMarket and timeframe selectionUser-defined execution parametersResults shown by this template do not represent a trading edge and should not be interpreted as investment advice.Intended UseThis script is intended for:Educational study of trade execution and risk controlIndicator benchmarking under identical execution rulesExploring how exits and risk constraints influence outcomesIt is not intended to promote or present a standalone trading strategy.