Scalping Bot - trading bot for FTX

Top Crypto Scalping Bot - FREE TradingView Strategy

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.

What we will provide

Open-strategy source
Strategy adjustment for particular exchange, pair and timeframe
Backtest

This week we found a nice profitable scalping strategy for the 6 min time frame. The original idea was taken from: mohanee. This strategy is using the RSI divergence as an entry point and is looking for the exit on the opposite side of the RSI region. This scalping strategy can be easily automated on Wunderbit Trading using Tradingview Strategy alerts (How to create tradingview bot)

IMPORTANT

This strategy does not have Stop Loss or Trailing stop levels.
This strategy is looking for the counter-trend entry
We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.

Settings

Applicable to FTX: LTC-PERP 6 min

Revised strategy script code

You can copy this code and paste it into your TradingView.

//Updated by: Wunderbit Trading
//Original Idea by: mohanee

//@version=4

strategy("RSI Divergence", shorttitle = "RSI-DIV", overlay=false, pyramiding=2, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, currency = currency.USD )

ribbon_period = input(15, "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)


len = input(title="RSI Period", minval=1, defval=7)
src = input(title="RSI Source", defval=close)
lbR = input(title="Pivot Lookback Right", defval=3)
lbL = input(title="Pivot Lookback Left", defval=4)
takeProfitRSILevel_long = input(title="Long Take Profit at RSI Level", minval=60, defval=77)
takeProfitRSILevel_short=input(title="Short Take Profit at RSI Level", maxval=30, defval=19)

rangeUpper = input(title="Max of Lookback Range", defval=19)
rangeLower = input(title="Min of Lookback Range", defval=6)
plotBull = input(title="Plot Bullish", defval=true)
plotHiddenBull = input(title="Plot Hidden Bullish", defval=true)
plotBear = input(title="Plot Bearish", defval=true)
plotHiddenBear = input(title="Plot Hidden Bearish", defval=false)


bearColor = color.purple
bullColor = color.green
hiddenBullColor = color.new(color.green, 80)
hiddenBearColor = color.new(color.red, 80)
textColor = color.white
noneColor = color.new(color.white, 100)

osc = rsi(src, len)

plot(osc, title="RSI", linewidth=2, color=#8D1699)
hline(50, title="Middle Line", linestyle=hline.style_dotted)
obLevel = hline(70, title="Overbought", linestyle=hline.style_dotted)
osLevel = hline(30, title="Oversold", linestyle=hline.style_dotted)
fill(obLevel, osLevel, title="Background", color=#9915FF, transp=90)

plFound = na(pivotlow(osc, lbL, lbR)) ? false : true
phFound = na(pivothigh(osc, lbL, lbR)) ? false : true

_inRange(cond) =>
    bars = barssince(cond == true)
    rangeLower <= bars and bars <= rangeUpper

//------------------------------------------------------------------------------
// Regular Bullish

// Osc: Higher Low
oscHL = osc[lbR] > valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1])

// Price: Lower Low
priceLL = low[lbR] < valuewhen(plFound, low[lbR], 1)

bullCond = plotBull and priceLL and oscHL and plFound

plot(
	 plFound ? osc[lbR] : na,
	 offset=-lbR,
	 title="Regular Bullish",
	 linewidth=2,
	 color=(bullCond ? bullColor : noneColor),
	 transp=0
	 )


plotshape(
	 bullCond ? osc[lbR] : na,
	 offset=-lbR,
	 title="Regular Bullish Label",
	 text=" Bull ",
	 style=shape.labelup,
	 location=location.absolute,
	 color=bullColor,
	 textcolor=textColor,
	 transp=0
	 )

//------------------------------------------------------------------------------
// Hidden Bullish

// Osc: Lower Low
oscLL = osc[lbR] < valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1])

// Price: Higher Low
priceHL = low[lbR] > valuewhen(plFound, low[lbR], 1)

hiddenBullCond = plotHiddenBull and priceHL and oscLL and plFound

plot(
	 plFound ? osc[lbR] : na,
	 offset=-lbR,
	 title="Hidden Bullish",
	 linewidth=2,
	 color=(hiddenBullCond ? hiddenBullColor : noneColor),
	 transp=0
	 )

plotshape(
	 hiddenBullCond ? osc[lbR] : na,
	 offset=-lbR,
	 title="Hidden Bullish Label",
	 text=" H Bull ",
	 style=shape.labelup,
	 location=location.absolute,
	 color=bullColor,
	 textcolor=textColor,
	 transp=0
	 )

//------------------------------------------------------------------------------
// Regular Bearish

// Osc: Lower High
oscLH = osc[lbR] < valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1])

// Price: Higher High
priceHH = high[lbR] > valuewhen(phFound, high[lbR], 1)

bearCond = plotBear and priceHH and oscLH and phFound

plot(
	 phFound ? osc[lbR] : na,
	 offset=-lbR,
	 title="Regular Bearish",
	 linewidth=2,
	 color=(bearCond ? bearColor : noneColor),
	 transp=0
	 )

plotshape(
	 bearCond ? osc[lbR] : na,
	 offset=-lbR,
	 title="Regular Bearish Label",
	 text=" Bear ",
	 style=shape.labeldown,
	 location=location.absolute,
	 color=bearColor,
	 textcolor=textColor,
	 transp=0
	 )

//------------------------------------------------------------------------------
// Hidden Bearish

// Osc: Higher High
oscHH = osc[lbR] > valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1])

// Price: Lower High
priceLH = high[lbR] < valuewhen(phFound, high[lbR], 1)

hiddenBearCond = plotHiddenBear and priceLH and oscHH and phFound

plot(
	 phFound ? osc[lbR] : na,
	 offset=-lbR,
	 title="Hidden Bearish",
	 linewidth=2,
	 color=(hiddenBearCond ? hiddenBearColor : noneColor),
	 transp=0
	 )

plotshape(
	 hiddenBearCond ? osc[lbR] : na,
	 offset=-lbR,
	 title="Hidden Bearish Label",
	 text=" H Bear ",
	 style=shape.labeldown,
	 location=location.absolute,
	 color=bearColor,
	 textcolor=textColor,
	 transp=0
	 )


///  Strategy Conditions


entry_long = if leadLine2<leadLine1
    hiddenBullCond
else
    bullCond

entry_price_long=valuewhen(entry_long,close,0)
exit_long = crossover(osc,takeProfitRSILevel_long)// or bearCond


///// SHORT ////

entry_short = if leadLine2>leadLine1
    hiddenBearCond
else
    bearCond

entry_price_short=valuewhen(entry_short,close,0)
exit_short = crossunder(osc,takeProfitRSILevel_short)// or bullCond


///// 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()
    if strategy.position_size == 0 or strategy.position_size > 0
        strategy.entry(id="long", long=true, when = entry_long, comment="Enter Long Comment")
        strategy.close(id="long", when=exit_long, comment = "Exit Long Comment")

    if strategy.position_size == 0 or strategy.position_size < 0
        strategy.entry(id="short", long=false, when = entry_short, comment="Enter Short Comment")
        strategy.close(id="short", when=exit_short, comment = "Exit Short Comment")

Follow this guide to automate your TradingView STRATEGY alerts. (no need for study script).

PreviousTrading Bot for FTX NextKeltner's Channel Bot - Trading Bot for FTX

Last updated 3 years ago

//Updated by: Wunderbit Trading //Original Idea by: mohanee //@version=4 strategy("RSI Divergence", shorttitle = "RSI-DIV", overlay=false, pyramiding=2, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, currency = currency.USD ) ribbon_period = input(15, "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) len = input(title="RSI Period", minval=1, defval=7) src = input(title="RSI Source", defval=close) lbR = input(title="Pivot Lookback Right", defval=3) lbL = input(title="Pivot Lookback Left", defval=4) takeProfitRSILevel_long = input(title="Long Take Profit at RSI Level", minval=60, defval=77) takeProfitRSILevel_short=input(title="Short Take Profit at RSI Level", maxval=30, defval=19) rangeUpper = input(title="Max of Lookback Range", defval=19) rangeLower = input(title="Min of Lookback Range", defval=6) plotBull = input(title="Plot Bullish", defval=true) plotHiddenBull = input(title="Plot Hidden Bullish", defval=true) plotBear = input(title="Plot Bearish", defval=true) plotHiddenBear = input(title="Plot Hidden Bearish", defval=false) bearColor = color.purple bullColor = color.green hiddenBullColor = color.new(color.green, 80) hiddenBearColor = color.new(color.red, 80) textColor = color.white noneColor = color.new(color.white, 100) osc = rsi(src, len) plot(osc, title="RSI", linewidth=2, color=#8D1699) hline(50, title="Middle Line", linestyle=hline.style_dotted) obLevel = hline(70, title="Overbought", linestyle=hline.style_dotted) osLevel = hline(30, title="Oversold", linestyle=hline.style_dotted) fill(obLevel, osLevel, title="Background", color=#9915FF, transp=90) plFound = na(pivotlow(osc, lbL, lbR)) ? false : true phFound = na(pivothigh(osc, lbL, lbR)) ? false : true _inRange(cond) => bars = barssince(cond == true) rangeLower <= bars and bars <= rangeUpper //------------------------------------------------------------------------------ // Regular Bullish // Osc: Higher Low oscHL = osc[lbR] > valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1]) // Price: Lower Low priceLL = low[lbR] < valuewhen(plFound, low[lbR], 1) bullCond = plotBull and priceLL and oscHL and plFound plot( plFound ? osc[lbR] : na, offset=-lbR, title="Regular Bullish", linewidth=2, color=(bullCond ? bullColor : noneColor), transp=0 ) plotshape( bullCond ? osc[lbR] : na, offset=-lbR, title="Regular Bullish Label", text=" Bull ", style=shape.labelup, location=location.absolute, color=bullColor, textcolor=textColor, transp=0 ) //------------------------------------------------------------------------------ // Hidden Bullish // Osc: Lower Low oscLL = osc[lbR] < valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1]) // Price: Higher Low priceHL = low[lbR] > valuewhen(plFound, low[lbR], 1) hiddenBullCond = plotHiddenBull and priceHL and oscLL and plFound plot( plFound ? osc[lbR] : na, offset=-lbR, title="Hidden Bullish", linewidth=2, color=(hiddenBullCond ? hiddenBullColor : noneColor), transp=0 ) plotshape( hiddenBullCond ? osc[lbR] : na, offset=-lbR, title="Hidden Bullish Label", text=" H Bull ", style=shape.labelup, location=location.absolute, color=bullColor, textcolor=textColor, transp=0 ) //------------------------------------------------------------------------------ // Regular Bearish // Osc: Lower High oscLH = osc[lbR] < valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1]) // Price: Higher High priceHH = high[lbR] > valuewhen(phFound, high[lbR], 1) bearCond = plotBear and priceHH and oscLH and phFound plot( phFound ? osc[lbR] : na, offset=-lbR, title="Regular Bearish", linewidth=2, color=(bearCond ? bearColor : noneColor), transp=0 ) plotshape( bearCond ? osc[lbR] : na, offset=-lbR, title="Regular Bearish Label", text=" Bear ", style=shape.labeldown, location=location.absolute, color=bearColor, textcolor=textColor, transp=0 ) //------------------------------------------------------------------------------ // Hidden Bearish // Osc: Higher High oscHH = osc[lbR] > valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1]) // Price: Lower High priceLH = high[lbR] < valuewhen(phFound, high[lbR], 1) hiddenBearCond = plotHiddenBear and priceLH and oscHH and phFound plot( phFound ? osc[lbR] : na, offset=-lbR, title="Hidden Bearish", linewidth=2, color=(hiddenBearCond ? hiddenBearColor : noneColor), transp=0 ) plotshape( hiddenBearCond ? osc[lbR] : na, offset=-lbR, title="Hidden Bearish Label", text=" H Bear ", style=shape.labeldown, location=location.absolute, color=bearColor, textcolor=textColor, transp=0 ) /// Strategy Conditions entry_long = if leadLine2<leadLine1 hiddenBullCond else bullCond entry_price_long=valuewhen(entry_long,close,0) exit_long = crossover(osc,takeProfitRSILevel_long)// or bearCond ///// SHORT //// entry_short = if leadLine2>leadLine1 hiddenBearCond else bearCond entry_price_short=valuewhen(entry_short,close,0) exit_short = crossunder(osc,takeProfitRSILevel_short)// or bullCond ///// 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() if strategy.position_size == 0 or strategy.position_size > 0 strategy.entry(id="long", long=true, when = entry_long, comment="Enter Long Comment") strategy.close(id="long", when=exit_long, comment = "Exit Long Comment") if strategy.position_size == 0 or strategy.position_size < 0 strategy.entry(id="short", long=false, when = entry_short, comment="Enter Short Comment") strategy.close(id="short", when=exit_short, comment = "Exit Short Comment")