Sol 3m scalping wunder bots — Strategy by toptalentlouis

By toptalentlouis

Performance Metrics

Description

This script is a scalping trader useful for Solana 3M charts.It integrates well with Wunder bots.Please use SOLUSDT.P.Risk ManagementCapital ($) — Default: 1000Your total trading capital in USD. This is the base number used to calculate position sizes. If you have $5,000 allocated to this strategy, set it to 5000. The strategy uses this value to determine how much to risk per trade — it does not automatically detect your exchange balance.Risk per Trade (%) — Default: 1.0%The maximum percentage of your capital you're willing to lose on a single trade. At default settings ($1,000 capital, 1% risk), each trade risks a maximum of $10. The strategy calculates position size backward from this: it measures the distance from entry to stop loss, then sizes the position so that if the stop is hit, you only lose this percentage. This is the single most important risk parameter — professional traders typically recommend 1-2%.Example: Capital = $1,000, Risk = 1%, ATR stop distance = 2% from entry. Position size = $10 / 0.02 = $500.Risk:Reward Ratio — Default: 2.0Determines your take profit distance relative to your stop loss. At 2.0, your TP is always 2x the distance of your SL. If your stop loss is $50 away from entry, your take profit is $100 away. Higher values mean bigger wins but lower win rate; lower values mean more frequent wins but smaller. A 2:1 ratio means you can be wrong 60% of the time and still be profitable.Leverage — Default: 5xThe leverage multiplier sent to WunderTrading via JSON. This does not affect the TradingView backtest (backtests are unleveraged), but when the alert fires to WunderTrading, this value is included in the JSON payload so your exchange position opens at the specified leverage. On platforms like Hyperliquid or dYdX, this directly controls your margin.Max Daily Loss (%) — Default: 3.0%A circuit breaker. If your cumulative realized losses for the current day exceed this percentage of capital, the strategy stops opening new positions for the rest of that day. At defaults, if you've lost $30 today (3% of $1,000), no more trades until midnight UTC reset. This prevents tilt/revenge trading during losing streaks.Max Open Positions — Default: 5The maximum number of trades that can be open simultaneously. If you have 5 positions open and a new signal fires, it's ignored until one of the existing positions closes (hits TP or SL). Setting this higher increases potential profit but also increases total capital at risk. With 5 positions at 1% risk each, your maximum simultaneous risk is 5%.This script is provided for educational purposes only.Do not think of this as a money-making machine.Please leave lots of comments.

Browse all 5,900+ TradingView Pine Script strategies

View on TradingView