DCA Strategy with Hedging by whattheAsad
By whattheAsad
Performance Metrics
- Author: whattheAsad
- Symbol: BINANCE:SOLUSDT.P
- Timeframe: 1 minute
- Net P&L: +18.70 USDT (+0.00%)
- Win Rate: 75.7%
- Profit Factor: 1.442
- Max Drawdown: 10.75 USDT (0.00%)
- Total Trades: 395
- Sharpe Ratio: −9.367
Description
This strategy implements a dynamic hedging system with Dollar-Cost Averaging (DCA) based on the 34 EMA. It can hold simultaneous long and short positions, making it suitable for ranging and trending markets.Key Features:Uses 34 EMA as baseline indicatorImplements hedging with simultaneous long/short positionsDynamic DCA for position managementAutomatic take-profit adjustmentsEntry confirmation using 3-candle ruleHow it WorksLong Entries:Opens when price closes above 34 EMA for 3 candlesAdds positions every 0.1% price dropTakes profit at 0.05% above average entryShort Entries:Opens when price closes below 34 EMA for 3 candlesAdds positions every 0.1% price riseTakes profit at 0.05% below average entrySettingsEMA Length: Controls the EMA period (default: 34)DCA Interval: Price movement needed for additional entries (default: 0.1%)Take Profit: Profit target from average entry (default: 0.05%)Initial Position: Starting position size (default: 1.0)IndicatorsL: Long EntryDL: Long DCAS: Short EntryDS: Short DCALTP: Long Take ProfitSTP: Short Take ProfitAlertsCompatible with all standard TradingView alerts:Position Opens (Long/Short)DCA EntriesTake Profit HitsNote: This strategy works best on lower timeframes with high liquidity pairs. Adjust parameters based on asset volatility.