Algoticks.in: Bollinger Bands Strategy (Sample)

Bollinger Bands Strategy - User Guide

Overview
This is a Mean Reversion strategy using Bollinger Bands. It generates trading signals when price moves outside the bands and then crosses back, or simply crosses the bands depending on the logic. It integrates with Algoticks.in API for automated trading on Delta Exchange.

Strategy Logic

• Long Signal: When Price crosses below the Lower Band (Oversold / Dip Buy)
  
• Short Signal: When Price crosses above the Upper Band (Overbought / Top Sell)
  
• Automatically closes opposite positions before entering new ones
  

Quick Setup

1. Add to TradingView

1. Open TradingView and go to the chart
   
2. Click "Pine Editor" at the bottom
   
3. Paste the script code
   
4. Click "Add to Chart"
   

2. Configure Strategy Parameters

Strategy Settings

• Length (default: 20): The lookback period for the SMA basis
  
• StdDev (default: 2.0): The number of standard deviations for the bands
  

General API Settings

• Paper Trading: Enable for testing without real money
  
• Signal Type: Choose "Trading Signal" (default) for tracking
  
• Exchange: DELTA (Delta Exchange)
  
• Segment:
  
  • futures - Perpetual contracts
    
  • options - Call/Put options
    
  • spot - Spot trading
    

Order Settings: Basic

• Quantity: Number of contracts (e.g., 1, 0.5, 2)
  
• Validity:
  GTC - Good Till Cancelled
  IOC - Immediate or Cancel
  FOK - Fill or Kill
  DAY - Day order
  
• Product: cross_margin or isolated_margin
  

Order Settings: Entry Type
Choose how orders are executed:

• Market Order: Immediate fill at best price
  
• Limit Order: Fill at specified price or better
  
• Stop Market: Triggers at stop price, then market order
  
• Stop Limit: Triggers at stop price, then limit order
  

Entry Prices (for Limit/Stop orders)

Limit Price:

• Price: The value to use
  
• Type: Last Price / Mark Price / Index Price
  
• Mode:
  Absolute - Exact price (e.g., 65000)
  Relative - Offset from entry price
  
• % Checkbox: If checked, relative uses percentage; if unchecked, uses points
  

Example:

• Absolute: 65000 → Order at exactly 65000
  
• Relative 1% (checked): Entry ± 1% of entry price
  
• Relative 100 (unchecked): Entry ± 100 points
  

Trigger Price: Same logic as Limit Price, used for Stop orders

Exit / Bracket Prices (SL/TP)

Stop Loss (SL):

• Type: Price type to monitor (Mark Price recommended)
  
• Mode: Absolute or Relative
  
• %: Percentage or points
  
• SL: Stop loss value (e.g., 2 for 2%)
  
• Trig: Optional trigger price (creates Stop-Limit SL)
  

Take Profit (TP): Same structure as SL

Example:

• Long entry at 65000, SL = 2% → Exit at 63700 (65000 - 2%)
  
• Short entry at 65000, TP = 3% → Exit at 63050 (65000 - 3%)
  

3. Options Trading Setup (Only if Segment = Options)

Strike Selection Method

User Defined Mode:

• Manually specify exact strike and option type
  
• Best for: Trading specific levels
  
• Required fields:
  
  • Strike Price: e.g., "65000"
    
  • Option Type: Call or Put
    

Dynamic Mode:

• System calculates strike based on ATM price
  
• Best for: Automated strategies
  
• Required fields:
  
  • Algo Type: Options Buying or Selling
    
  • Strike Offset: 0 (ATM), +1 (above ATM), -1 (below ATM)
    
  • Strike Interval: Gap between strikes (e.g., BTC: 500, ETH: 50)
    

Expiry Date Formats:

• T+0 - Today
  
• T+1 - Tomorrow
  
• current week - This Friday
  
• next week - Next Friday
  
• current month - Last Friday of month
  
• 131125 - Specific date (13 Nov 2025)
  

4. Create Alert for Automation

1. Right-click on chart → "Add Alert"
   
2. Condition: Select your strategy name
   
3. Alert Actions: Webhook URL
   
4. Webhook URL: Your Algoticks.in API endpoint
   
5. Message: Leave as {{strategy.order.alert_message}} (contains JSON)
   
6. Click "Create"
   

The alert will automatically send JSON payloads to your API when signals occur.

Example Configurations

Standard Mean Reversion
[code]
Strategy: Length = 20, StdDev = 2.0
Segment: futures
Order Type: market_order
Quantity: 1
SL: 1% (Relative)
TP: 2% (Relative)
[/code]

Wide Band Reversal
[code]
Strategy: Length = 20, StdDev = 2.5
Segment: futures
Order Type: market_order
Quantity: 1
SL: 1.5% (Relative)
TP: 3% (Relative)
[/code]

Important Notes

1. Paper Trading First: Always test with paper trading enabled before live trading
   
2. Order Tags: Automatically generated for tracking (max 18 chars)
   
3. Position Management: Strategy closes opposite positions automatically
   
4. Signal Confirmation: Uses barstate.isconfirmed to prevent repainting
   
5. JSON Payload: All settings are converted to JSON and sent via webhook
   

Troubleshooting

• No signals: Check if price is actually touching the bands
  
• Orders not executing: Verify webhook URL and API credentials
  
• Wrong strikes: Double-check Strike Interval for your asset
  
• SLBollinger Bands Strategy - User Guide
  
  Overview
  This is a Mean Reversion strategy using Bollinger Bands. It generates trading signals when price moves outside the bands and then crosses back, or simply crosses the bands depending on the logic. It integrates with Algoticks.in API for automated trading on Delta Exchange.
  
  Strategy Logic
  
  • Long Signal: When Price crosses below the Lower Band (Oversold / Dip Buy)
    
  • Short Signal: When Price crosses above the Upper Band (Overbought / Top Sell)
    
  • Automatically closes opposite positions before entering new ones
    
  
  
  Quick Setup
  
  1. Add to TradingView
  
  1. Open TradingView and go to the chart
     
  2. Click "Pine Editor" at the bottom
     
  3. Paste the script code
     
  4. Click "Add to Chart"
     
  
  
  2. Configure Strategy Parameters
  
  Strategy Settings
  
  • Length (default: 20): The lookback period for the SMA basis
    
  • StdDev (default: 2.0): The number of standard deviations for the bands
    
  
  
  General API Settings
  
  • Paper Trading: Enable for testing without real money
    
  • Signal Type: Choose "Trading Signal" (default) for tracking
    
  • Exchange: DELTA (Delta Exchange)
    
  • Segment:
    
    • futures - Perpetual contracts
      
    • options - Call/Put options
      
    • spot - Spot trading
      
  
  
  Order Settings: Basic
  
  • Quantity: Number of contracts (e.g., 1, 0.5, 2)
    
  • Validity:
    GTC - Good Till Cancelled
    IOC - Immediate or Cancel
    FOK - Fill or Kill
    DAY - Day order
    
  • Product: cross_margin or isolated_margin
    
  
  
  Order Settings: Entry Type
  Choose how orders are executed:
  
  • Market Order: Immediate fill at best price
    
  • Limit Order: Fill at specified price or better
    
  • Stop Market: Triggers at stop price, then market order
    
  • Stop Limit: Triggers at stop price, then limit order
    
  
  
  Entry Prices (for Limit/Stop orders)
  
  Limit Price:
  
  • Price: The value to use
    
  • Type: Last Price / Mark Price / Index Price
    
  • Mode:
    Absolute - Exact price (e.g., 65000)
    Relative - Offset from entry price
    
  • % Checkbox: If checked, relative uses percentage; if unchecked, uses points
    
  
  
  Example:
  
  • Absolute: 65000 → Order at exactly 65000
    
  • Relative 1% (checked): Entry ± 1% of entry price
    
  • Relative 100 (unchecked): Entry ± 100 points
    
  
  
  Trigger Price: Same logic as Limit Price, used for Stop orders
  
  Exit / Bracket Prices (SL/TP)
  
  Stop Loss (SL):
  
  • Type: Price type to monitor (Mark Price recommended)
    
  • Mode: Absolute or Relative
    
  • %: Percentage or points
    
  • SL: Stop loss value (e.g., 2 for 2%)
    
  • Trig: Optional trigger price (creates Stop-Limit SL)
    
  
  
  Take Profit (TP): Same structure as SL
  
  Example:
  
  • Long entry at 65000, SL = 2% → Exit at 63700 (65000 - 2%)
    
  • Short entry at 65000, TP = 3% → Exit at 63050 (65000 - 3%)
    
  
  
  3. Options Trading Setup (Only if Segment = Options)
  
  Strike Selection Method
  
  User Defined Mode:
  
  • Manually specify exact strike and option type
    
  • Best for: Trading specific levels
    
  • Required fields:
    
    • Strike Price: e.g., "65000"
      
    • Option Type: Call or Put
      
  
  
  Dynamic Mode:
  
  • System calculates strike based on ATM price
    
  • Best for: Automated strategies
    
  • Required fields:
    
    • Algo Type: Options Buying or Selling
      
    • Strike Offset: 0 (ATM), +1 (above ATM), -1 (below ATM)
      
    • Strike Interval: Gap between strikes (e.g., BTC: 500, ETH: 50)
      
  
  
  Expiry Date Formats:
  
  • T+0 - Today
    
  • T+1 - Tomorrow
    
  • current week - This Friday
    
  • next week - Next Friday
    
  • current month - Last Friday of month
    
  • 131125 - Specific date (13 Nov 2025)
    
  
  
  4. Create Alert for Automation
  
  1. Right-click on chart → "Add Alert"
     
  2. Condition: Select your strategy name
     
  3. Alert Actions: Webhook URL
     
  4. Webhook URL: Your Algoticks.in API endpoint
     
  5. Message: Leave as {{strategy.order.alert_message}} (contains JSON)
     
  6. Click "Create"
     
  
  
  The alert will automatically send JSON payloads to your API when signals occur.
  
  Example Configurations
  
  Standard Mean Reversion
  [code]
  Strategy: Length = 20, StdDev = 2.0
  Segment: futures
  Order Type: market_order
  Quantity: 1
  SL: 1% (Relative)
  TP: 2% (Relative)
  [/code]
  
  Wide Band Reversal
  [code]
  Strategy: Length = 20, StdDev = 2.5
  Segment: futures
  Order Type: market_order
  Quantity: 1
  SL: 1.5% (Relative)
  TP: 3% (Relative)
  [/code]
  
  Important Notes
  
  1. Paper Trading First: Always test with paper trading enabled before live trading
     
  2. Order Tags: Automatically generated for tracking (max 18 chars)
     
  3. Position Management: Strategy closes opposite positions automatically
     
  4. Signal Confirmation: Uses barstate.isconfirmed to prevent repainting
     
  5. JSON Payload: All settings are converted to JSON and sent via webhook
     
  
  
  Troubleshooting
  
  • No signals: Check if price is actually touching the bands
    
  • Orders not executing: Verify webhook URL and API credentials
    
  • Wrong strikes: Double-check Strike Interval for your asset
    
  • SL