ORDER BLCOK custom strategy by CRYPTO_EWT
By CRYPTO_EWT
Performance Metrics
- Author: CRYPTO_EWT
- Symbol: BITGET:ASTERUSDT.P
- Timeframe: 5 minutes
- Net P&L: +7.12 USDT (+14.24%)
- Win Rate: 56.9%
- Profit Factor: 1.71
- Max Drawdown: 4.81 USDT (9.62%)
- Total Trades: 72
Description
# OB Matrix Strategy - Documentation**Version:** 1.0 **Author:** HPotter **Date:** 31/07/2017 The **OB Matrix Strategy** is based on the identification of **bullish and bearish Order Blocks** and the management of conditional orders with multiple Take Profit (TP) and Stop Loss (SL) levels. It uses trend filters, ATR, and percentage-based risk management.---## 1. Main Parameters### Strategy- `initial_capital`: 50 - `default_qty_type`: percentage of capital - `default_qty_value`: 10 ### Money Management- `rr_threshold`: minimum Risk/Reward threshold to open a trade - `risk_percent`: percentage of capital to risk per trade (default 2%) - `maxPendingBars`: maximum number of bars for a pending order - `maxBarsOpen`: maximum number of bars for an open position - `qty_tp1`, `qty_tp2`, `qty_tp3`: quantity percentages for multiple TPs ---## 2. Order Block Identification### Order Block Parameters- `obLookback`: number of bars to identify an Order Block - `obmode`: method to calculate the block (`Full` or `Breadth`) - `obmiti`: method to determine block mitigation (`Close`, `Wick`, `Avg`) - `obMaxBlocks`: maximum number of Order Blocks displayed ### Main Variables- `bullBlocks`: array of bullish blocks - `bearBlocks`: array of bearish blocks - `last_bull_volume`, `last_bear_volume`: volume of the last block - `dom_block`: dominant block type (Bullish/Bearish/None) - `block_strength`: block strength (normalized volume) - `price_distance`: distance between current price and nearest block ---## 3. Visual Parameters- `Width`: line thickness for swing high/low - `amountOfBoxes`: block grid segments - `showBorder`: show block borders - `borderWidth`: width of block borders - `showVolume`: display volume inside blocks - `volumePosition`: vertical position of volume text Customizable colors:- `obHighVolumeColor`, `obLowVolumeColor`, `obBearHighVolumeColor`, `obBearLowVolumeColor` - `obBullBorderColor`, `obBearBorderColor` - `obBullFillColor`, `obBearFillColor` - `volumeTextColor` ---## 4. Screener Table- `showScreener`: display the screener table - `tablePosition`: table position (`Top Left`, `Top Right`, `Bottom Left`, `Bottom Right`) - `tableSize`: table size (`Small`, `Normal`, `Large`) The table shows:- Symbol, Timeframe - Type and status of Order Block - Number of retests - Bullish and bearish volumes ---## 5. Trend Filters- EMA as a trend filter (`emaPeriod`, default 223) - `bullishTrend` if close > EMA - `bearishTrend` if close threshold (`rr_threshold`)- SL: `bullishOBPrice * (1 - atr * atrMultiplier)` - Multiple TPs: TP1 (50%), TP2 (80%), TP3 (100% max) - Quantity calculation based on percentage risk ### Sell Limit on Bearish OB- Conditions: - New bearish block - Downtrend - RR > threshold (`rr_threshold`)- SL: `bearishOBPrice * (1 + atr * atrMultiplier)` - Multiple TPs: TP1 (50%), TP2 (80%), TP3 (100% max) - Quantity calculation based on percentage risk ---## 8. Order Management and Timeout- Close pending orders after `maxPendingBars` bars - Close open positions after `maxBarsOpen` bars - Label management for open orders ---## 9. Alert Conditions- `bull_touch`: price inside maximum bullish volume zone - `bear_touch`: price inside maximum bearish volume zone - `bull_reject`: confirmation of bullish zone rejection - `bear_reject`: confirmation of bearish zone rejection - `new_bull`: new bullish block - `new_bear`: new bearish block ---## 10. Level Calculation- Swing levels based on selected timeframe (`SelectPeriod`) - `xHigh` and `xLow` for S1 and R1 calculation - Levels plotted on chart ---## 11. Take Profit / Stop Loss- Extended horizontal lines (`extendBars`) to visualize TP and SL - Customizable colors (`tpColor`, `slColor`) ---## 12. Notes- Complete script based on Pine Script v5 - Advanced graphical management with boxes, lines, labels - Dynamically displays volumes and Order Blocks - Integrated internal screener ---### End of Documentation