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.
Settings
Applicable to Binance Futures: BTC-Futures 30 min
Input
Value
Long Length for Main Stochastic
22
Long SmoothK For Main Stochastic
11
Long SmoothD For Main Stochastic
18
Long Upper Line Value
72
Short Length For Main Stochastic
55
Short SmoothK For Main Stochastic
32
Short SmoothD For Main Stochastic
12
Short Lower Line Value
15
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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