MTF Stochastic – trading bot for Binance Futures

MTF Stochastic - free TradingView bot strategy for Binance Futures.

Top FREE Tradingview strategy For Binance 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 free trading bot on Wunderbit Trading platform.

What we provide

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

Description

This week we found a free stochastic indicator strategy for a 30 min time frame working for long and short entries for BTC futures on Binance Exchange. The original idea was taken from 03.freeman. Follow this guide to set up a free Binance bot.

You will find the original strategy code here: MTF stochastic strategy.

IMPORTANT

This is a trend strategy and works better in the trending market
We added the trend identifier using the EMA and SMA interaction
We Added Take profit and stop loss levels
We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.

Settings

Applicable to Binance Futures: BTC-Futures 30 min

Input

Value

Long Length for Main Stochastic

Long SmoothK For Main Stochastic

Long SmoothD For Main Stochastic

Long Upper Line Value

Short Length For Main Stochastic

Short SmoothK For Main Stochastic

Short SmoothD For Main Stochastic

Short Lower Line Value

Long Stop Loss %

3.4

Trailing Stop Long

1.1

Short Stop Loss %

2.3

Trailing Stop Short

1.1

Revised strategy script code

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

//Updated by: Wunderbit Trading
//Original Idea by: 03.freeman

//@version=4
strategy("MTF stochastic strategy", overlay=true, pyramiding=3, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, currency = currency.USD )
//
len_long = input(22, minval=1, title="Long Length for Main Stochastic")
smoothK_long = input(11, minval=1, title="Long SmoothK for Main Stochastic")
smoothD_long = input(18, minval=1, title="Long SmoothD for Main Stochastic")
upLine_long = input(72, minval=50, maxval=90, title=" Long Upper Line Value?")

// current stochastic calculation long
k_long = sma(stoch(close, high, low, len_long), smoothK_long)
d_long = sma(k_long, smoothD_long)

//mtf stochastic calculation smoothed with period long
MTF_period_long= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M'
mtfK_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(stoch(close, high, low, len_long), smoothK_long)),len_long,0)
mtfD_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(k_long, smoothD_long)),len_long,0)

len_short = input(55, minval=1, title="Short Length for Main Stochastic")
smoothK_short = input(32, minval=1, title="Short SmoothK for Main Stochastic")
smoothD_short = input(12, minval=1, title="Short SmoothD for Main Stochastic")
lowLine_short = input(15, minval=10, maxval=50, title=" Short Lower Line Value?")

// current stochastic calculation long
k_short = sma(stoch(close, high, low, len_short), smoothK_short)
d_short = sma(k_short, smoothD_short)

//mtf stochastic calculation smoothed with period long
MTF_period_short= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'':timeframe.period=='W'?'D':'M'
mtfK_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(stoch(close, high, low, len_short), smoothK_short)),len_short,0)
mtfD_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(k_short, smoothD_short)),len_short,0)



//long_tp_inp = input(0.5, title='Long Take Profit %', step=0.1)/10
long_sl_inp = input(3.4, title='Long Stop Loss %', step=0.1)/100
long_trailing = input(1.1, title='Trailing Stop Long', 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)


//short_tp_inp = input(0.5, title='Short Take Profit %', step=0.1)/100
short_sl_inp = input(2.3, title='Short Stop Loss %', step=0.1)/100
short_trailing = input(1.1, title='Trailing Stop short', step=0.1) / 100

//short_take_level = strategy.position_avg_price * (1 - short_tp_inp)
short_stop_level = strategy.position_avg_price * (1 + short_sl_inp)


/// STRATEGY CONDITIONS ///


entry_long = crossover(mtfK_long, 50) and k_long > 50 and change(k_long, 1) > 0 and k_long > d_long and mtfK_long > mtfD_long
entry_price_long=valuewhen(entry_long,close,0)
exit_long = crossunder(mtfD_long, upLine_long)


entry_short = crossunder(mtfD_short, 50) and k_short < 50 and change(k_short, 1) < 0 and k_short < d_short and mtfK_short < mtfD_short
entry_price_short=valuewhen(entry_short,close,0)
exit_short = crossunder(mtfK_short, lowLine_short)


/// 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(2020, "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

//// STRATEGY EXECUTION ////

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.exit("Take Profit/ Stop Loss","Long", stop=long_stop_level,trail_points=entry_price_long * long_trailing / syminfo.mintick, trail_offset=entry_price_long * long_trailing / syminfo.mintick, comment="Exit 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.exit("Take Profit/ Stop Loss","Short", stop=short_stop_level, trail_points=entry_price_short * short_trailing / syminfo.mintick, trail_offset=entry_price_short * short_trailing / syminfo.mintick, comment = "Exit 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).

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Last updated 3 years ago

//Updated by: Wunderbit Trading //Original Idea by: 03.freeman //@version=4 strategy("MTF stochastic strategy", overlay=true, pyramiding=3, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, currency = currency.USD ) // len_long = input(22, minval=1, title="Long Length for Main Stochastic") smoothK_long = input(11, minval=1, title="Long SmoothK for Main Stochastic") smoothD_long = input(18, minval=1, title="Long SmoothD for Main Stochastic") upLine_long = input(72, minval=50, maxval=90, title=" Long Upper Line Value?") // current stochastic calculation long k_long = sma(stoch(close, high, low, len_long), smoothK_long) d_long = sma(k_long, smoothD_long) //mtf stochastic calculation smoothed with period long MTF_period_long= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M' mtfK_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(stoch(close, high, low, len_long), smoothK_long)),len_long,0) mtfD_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(k_long, smoothD_long)),len_long,0) len_short = input(55, minval=1, title="Short Length for Main Stochastic") smoothK_short = input(32, minval=1, title="Short SmoothK for Main Stochastic") smoothD_short = input(12, minval=1, title="Short SmoothD for Main Stochastic") lowLine_short = input(15, minval=10, maxval=50, title=" Short Lower Line Value?") // current stochastic calculation long k_short = sma(stoch(close, high, low, len_short), smoothK_short) d_short = sma(k_short, smoothD_short) //mtf stochastic calculation smoothed with period long MTF_period_short= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'':timeframe.period=='W'?'D':'M' mtfK_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(stoch(close, high, low, len_short), smoothK_short)),len_short,0) mtfD_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(k_short, smoothD_short)),len_short,0) //long_tp_inp = input(0.5, title='Long Take Profit %', step=0.1)/10 long_sl_inp = input(3.4, title='Long Stop Loss %', step=0.1)/100 long_trailing = input(1.1, title='Trailing Stop Long', 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) //short_tp_inp = input(0.5, title='Short Take Profit %', step=0.1)/100 short_sl_inp = input(2.3, title='Short Stop Loss %', step=0.1)/100 short_trailing = input(1.1, title='Trailing Stop short', step=0.1) / 100 //short_take_level = strategy.position_avg_price * (1 - short_tp_inp) short_stop_level = strategy.position_avg_price * (1 + short_sl_inp) /// STRATEGY CONDITIONS /// entry_long = crossover(mtfK_long, 50) and k_long > 50 and change(k_long, 1) > 0 and k_long > d_long and mtfK_long > mtfD_long entry_price_long=valuewhen(entry_long,close,0) exit_long = crossunder(mtfD_long, upLine_long) entry_short = crossunder(mtfD_short, 50) and k_short < 50 and change(k_short, 1) < 0 and k_short < d_short and mtfK_short < mtfD_short entry_price_short=valuewhen(entry_short,close,0) exit_short = crossunder(mtfK_short, lowLine_short) /// 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(2020, "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 //// STRATEGY EXECUTION //// 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.exit("Take Profit/ Stop Loss","Long", stop=long_stop_level,trail_points=entry_price_long * long_trailing / syminfo.mintick, trail_offset=entry_price_long * long_trailing / syminfo.mintick, comment="Exit 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.exit("Take Profit/ Stop Loss","Short", stop=short_stop_level, trail_points=entry_price_short * short_trailing / syminfo.mintick, trail_offset=entry_price_short * short_trailing / syminfo.mintick, comment = "Exit Short Comment") strategy.close(id="Short", when=exit_short, comment = "Exit Short Comment")