This strategy is an advanced version of the Loft Strategy V1, I shared earlier. (Loft Strategy V1 consists of a kalman filter (by alexgrover) and a "stop and reverse" line which is following and the kalman filter. If the price goes in the same direction as the position side, the "stop and reverse" line approaches the kalman filter as set on the "Approach Decrease Step" parameter.)
In addition to the previous version, it includes a martingale like deviation and multiple take-profit.
Here it is some parameters definitions of the strategy:
Kalman Filter: The higher this parameter, the faster and more aggressive the filter. Otherwise the filter goes very smoothly
Beginning Approach: First approximation as a percentage of stop-n-reverse line
Final Approach: Minimum approximation of stop-n-reverse line
Approach Decrease Step: If the price moves in the same direction as the strategy, the approach percentage is reduced by this parameter. Otherwise nothing do
Base Order Quantity: Initial capital of position
Max Safe Order Attempt: This parameter determines the maximum number of times the strategy will raise the bet after losing in a row.
Safe Order Deviation: if the last trade is loss, multiply the bet by this parameter (aka. martingale factor)
Profit Deviation: if last trade in loss, multiply the take-profit points
Max Order Quantity: Maximum capital allowed for a position
TP1, TP2, TP3 : Take profit spots in percentage
QT1, QT2, QT3: Amount of take-profit spots
Stop Loss: Maximum stop loss allowed for a trade
Long Entry, Short Entry: Only long side, only short side or both side
Safe Stop After TP2: If the price reaches the TP2 point, move the stop-loss point to the entry price.
Safe Stop After TP1: If the price reaches TP1, move the stop-loss point to the stop-n-reverse line.
Hello sir, this is genius work, a brilliant strategy, thank you very much. Can you please make some advice on the strategy events so we can set up bots? Also, provide the placeholders available to use. Please help since you have coded the best ever strategy on TV.
world_tr_tw_1
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Hello, Thanks for your efforts to write such a good strategy in open-source. Sometimes, your strategy takes TP3 without taking TP2.
BigCoinHunter
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@VaNLOz, yes, but you have to be very careful and adjust the risk/reward ratio well. Because the strategy is based on martingale
Licono
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// Hello! I'm using a webhook to send signals, but I'm encountering the issue of sending many signals simultaneously. When I enable the script via Webhook (on OKX Platform and also on Bybit), after the entry condition (Long or Short) triggers, the script gets blocked by Trending View due to too many simultaneous activations. I've checked both OKX and Trendingview alert history. Instead, I would expect only one trigger for each condition (Long, Short, TP/SL or for trend reversal occur)