Scripting Tutorial A - TManyMA - Stops — Strategy by BigBitsIO
By BigBitsIO
Performance Metrics
- Author: BigBitsIO
- Symbol: COINBASE:BTCUSD
- Timeframe: 4 hours
- Net P&L: +393,673.48 USD (+408.93%)
- Win Rate: 50.0%
- Profit Factor: 1.393
- Max Drawdown: 518,980.59 USD (60.58%)
- Total Trades: 56
- Sharpe Ratio: 0.234
Description
This script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.Features:- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually.- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market.- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked to my profile.- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3.- Ribbons are alpha-color coded based on their relation to their default MAs.- Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner.- Ribbon values are calculated based on calculated MA Periods between the MAs.- Converted the existing study into a strategy.- Strategy only enters long positions with a market order when MA crossovers occur.- Strategy exits positions when crossunders occur.- Trades 100% of the equity with one order/position by default.- Ability to disable trading certain crosses with input checks.- Ability to exit trades with a take profit or stop loss.- User input to allow quick changes to the take profit or stop loss percentages.This script is meant as an educational script with well-formatted styling, and references for specific functions.*** PLEASE NOTE - THIS STRATEGY IS MEANT FOR LEARNING PURPOSES. DEPENDING ON IT'S CONFIGURATION IT MAY OR MAY NOT BE USEFUL FOR ACTUAL TRADING. THE STRATEGY IS NOT FINANCIAL ADVICE ***