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Forex Master
Forex Master - free TradingView bot strategy and study.
Top FREE TradingView strategy this week!
To make our community more profitable we decided to start a series in which we will review open-source TradingView strategies. The aim of the review is to select a strategy (or a number of strategies) from TradingView and run a reality check on it, optimise them and convert into alerts, so you can set it up as a bot on Wunderbit Trading platform.
Forex Master - free TradingView strategy
What we will provide
Open-strategy source
Strategy adjustment for particular exchange, pair and timeframe
Backtest 
Revised study script that you can apply in Wunderbit Trading platform for bot trading.
This week we found a nice strategy for a 30 min timeframe. The original idea was taken from: Koi_Capital. Originally, this strategy was applied to a forex pair EUR/USD. Our team made some adjustment and improvements and we are happy to present this work to you. 
You will find the strategy code here: Forex Master v4.0.
IMPORTANT!
This is a trend strategy and works better in the uptrend 
This strategy is only working for long positions
We added the trend identifier using the EMA and SMA interaction
Take profit and stop loss levels were converted into percentage
We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.
Settings – Applicable to FTX: BTC-PERP 30 min
Variable
Value
Period
33
Length
17
Mult
1.7
ADX Smoothing
1
DI Length
77
Smoothed ADX1
7
Smoothed ADX2
14
Long Take Profit %
6.4
Long Stop Loss%
4.2
Revised strategy script code
You can copy this code and paste it into your TradingView.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Wunderbit Trading
​
//@version=4
​
strategy("Forex Master v4.0", overlay=true, pyramiding=0, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100)
​
Price = close
​
ribbon_period = input(33, "Period", step=1)
​
leadLine1 = ema(close, ribbon_period)
leadLine2 = sma(close, ribbon_period)
​
p1 = plot(leadLine1, color= #53b987, title="EMA", transp = 50, linewidth = 1)
p2 = plot(leadLine2, color= #eb4d5c, title="SMA", transp = 50, linewidth = 1)
fill(p1, p2, transp = 60, color = leadLine1 > leadLine2 ? #53b987 : #eb4d5c)
​
Length = input(17, step=1)
Mult = input(1.7, step=0.1)
Basis = sma(Price, Length)
StdDev = Mult * stdev(Price, Length)
Upper = Basis + StdDev
Lower = Basis - StdDev
​
adxlen = input(1, title="ADX Smoothing")
dilen = input(77, title="DI Length")
dirmov(len) =>
	up = change(high)
	down = -change(low)
	truerange = rma(tr, len)
	plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, len) / truerange)
	minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, len) / truerange)
	[plus, minus]
​
adx(dilen, adxlen) =>
	[plus, minus] = dirmov(dilen)
	sum = plus + minus
	adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), adxlen)
	[adx, plus, minus]
​
[sig, up, down] = adx(dilen, adxlen)
​
// plot(sig, color=color.red, title="ADX")
// plot(up, color=color.blue, title="+DI")
// plot(down, color=color.orange, title="-DI")
​
SmoothedADX1 = ema(sig, input(7))
SmoothedADX2 = ema(sig, input(14))
​
​
long_tp_inp = input(6.4, title='Long Take Profit %', step=0.1)/100
long_sl_inp = input(4.2, title='Long Stop Loss %', step=0.1)/100
​
long_take_level = strategy.position_avg_price * (1 + long_tp_inp)
long_stop_level = strategy.position_avg_price * (1 - long_sl_inp)
​
​
entry_long = crossover(Price, Lower) and SmoothedADX1 < SmoothedADX2 and leadLine2<leadLine1
exit_long =  crossunder(Price, Upper) and SmoothedADX1 < SmoothedADX2 and leadLine2>leadLine1
​
​
////// BACKTEST PERIOD ///////
testStartYear = input(2019, "Backtest Start Year")
testStartMonth = input(1, "Backtest Start Month")
testStartDay = input(1, "Backtest Start Day")
testPeriodStart = timestamp(testStartYear,testStartMonth,testStartDay,0,0)
​
testStopYear = input(9999, "Backtest Stop Year")
testStopMonth = input(12, "Backtest Stop Month")
testStopDay = input(31, "Backtest Stop Day")
testPeriodStop = timestamp(testStopYear,testStopMonth,testStopDay,0,0)
​
testPeriod() =>
    time >= testPeriodStart and time <= testPeriodStop ? true : false
​
​
if testPeriod()
    strategy.entry("LongEntry", true, when = entry_long)
    strategy.exit("LongExit", "LongEntry", limit = long_take_level, stop = long_stop_level)
    strategy.close("LongEntry", when=exit_long)
Revised study script code
You can copy this code and paste it into your TradingView.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Wunderbit Trading
​
//@version=4
​
study("Forex Master v4.0", overlay=true)
​
Price = close
​
ribbon_period = input(33, "Period", step=1)
​
leadLine1 = ema(close, ribbon_period)
leadLine2 = sma(close, ribbon_period)
​
p1 = plot(leadLine1, color= #53b987, title="EMA", transp = 50, linewidth = 1)
p2 = plot(leadLine2, color= #eb4d5c, title="SMA", transp = 50, linewidth = 1)
fill(p1, p2, transp = 60, color = leadLine1 > leadLine2 ? #53b987 : #eb4d5c)
​
Length = input(17, step=1)
Mult = input(1.7, step=0.1)
Basis = sma(Price, Length)
StdDev = Mult * stdev(Price, Length)
Upper = Basis + StdDev
Lower = Basis - StdDev
​
adxlen = input(1, title="ADX Smoothing")
dilen = input(77, title="DI Length")
dirmov(len) =>
	up = change(high)
	down = -change(low)
	truerange = rma(tr, len)
	plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, len) / truerange)
	minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, len) / truerange)
	[plus, minus]
​
adx(dilen, adxlen) =>
	[plus, minus] = dirmov(dilen)
	sum = plus + minus
	adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), adxlen)
	[adx, plus, minus]
​
[sig, up, down] = adx(dilen, adxlen)
​
// plot(sig, color=color.red, title="ADX")
// plot(up, color=color.blue, title="+DI")
// plot(down, color=color.orange, title="-DI")
​
SmoothedADX1 = ema(sig, input(7))
SmoothedADX2 = ema(sig, input(14))
​
long_tp_inp = input(6.4, title='Long Take Profit %', step=0.1)/100
long_sl_inp = input(4.2, title='Long Stop Loss %', step=0.1)/100
​
isEntry_Long = false
isEntry_Long := nz(isEntry_Long[1], false)
​
isExit_Long = false
isExit_Long := nz(isExit_Long[1], false)
​
entry_long =not isEntry_Long and (crossover(Price, Lower) and SmoothedADX1 < SmoothedADX2 and leadLine2<leadLine1)
entry_price_long=valuewhen(entry_long,close,0)
TP_long = entry_price_long * (1 + long_tp_inp)
SL_long = entry_price_long * (1 - long_sl_inp)
exit_long = not isExit_Long and ((crossunder(Price, Upper) and SmoothedADX1 < SmoothedADX2 and leadLine2>leadLine1) or high > TP_long or low < SL_long )
​
if (entry_long)
    isEntry_Long := true
    isExit_Long := false
​
if (exit_long)
    isEntry_Long := false
    isExit_Long := true
​
alertcondition(entry_long, title="Enter Long")
alertcondition(exit_long, title="Exit Long")
plotshape(series=entry_long, text="BUY", style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small)
plotshape(series=exit_long, text="EXIT BUY",style=shape.triangledown, location=location.abovebar, color=color.purple, size=size.small)
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Top FREE TradingView strategy this week!
What we will provide
Settings – Applicable to FTX: BTC-PERP 30 min
Revised strategy script code
Revised study script code