[pshaiBot] Simple Trend Trader

Name: [pshaiBot] Simple Trend Trader
Author: pshai

stable

By pshai in Trading Bots Published April 2020 👁 2,119 views 💬 0 comments

Description

Hello fellas! Here's a simple trend trading bot that utilizes 3 different timeframes to determine when to trade. There are also different indicators for each timeframe: MAs for high TF, RSI for low TF and Stochastics for timing the entries. I hope you find good use for it, or can at least extract some educational information out of it. **NOTE**: The default values are scanned using Haas Labs, start of scan was 6th April 2020, scanned for a week-long backtest. Screenshot of results for backtest (7th April 2020): https://puu.sh/FulHj/ff4282b9a5.png Screenshot of Haas Labs setup: https://puu.sh/FulM2/d934f90938.png

-- INPUTS
    local htf = InputInterval(&#039;1.Timeframe&#039;, 360, &#039;Timeframe for trend check&#039;, &#039;TREND&#039;)
    local ma_len1 = Input(&#039;2. MA1 Length&#039;, 18, &#039;&#039;, &#039;TREND&#039;)
    local ma_type1 = InputMaTypes(&#039;3. MA1 Type&#039;, T3Type, &#039;&#039;, &#039;TREND&#039;)
    local ma_len2 = Input(&#039;4. MA2 Length&#039;, 68, &#039;&#039;, &#039;TREND&#039;)
    local ma_type2 = InputMaTypes(&#039;5. MA2 Type&#039;, DemaType, &#039;&#039;, &#039;TREND&#039;)
    local ma_swing = Input(&#039;6. Swing %&#039;, 0, &#039;&#039;, &#039;TREND&#039;)

    local ltf = InputInterval(&#039;1. Timeframe&#039;, 15, &#039;Timeframe for momentum check&#039;, &#039;MOMENTUM&#039;)
    local rsi_len = Input(&#039;2. RSI Length&#039;, 14, &#039;&#039;, &#039;MOMENTUM&#039;)
    --local rsi_ob = Input(&#039;3. RSI Overbought&#039;, 55, &#039;&#039;, &#039;MOMENTUM&#039;)
    --local rsi_os = Input(&#039;4. RSI Oversold&#039;, 45, &#039;&#039;, &#039;MOMENTUM&#039;)

    local etf = InputInterval(&#039;1. Timeframe&#039;, 5, &#039;Timeframe for entry check&#039;, &#039;ENTRY TIMING&#039;)
    local stoch_fastk = Input(&#039;2. STOCH FastK Length&#039;, 5, &#039;&#039;, &#039;ENTRY TIMING&#039;)
    local stoch_slowk = Input(&#039;3. STOCH SlowK Length&#039;, 5, &#039;&#039;, &#039;ENTRY TIMING&#039;)
    local stoch_slowd = Input(&#039;4. STOCH SlowD Length&#039;, 7, &#039;&#039;, &#039;ENTRY TIMING&#039;)
    local stoch_ob = Input(&#039;5. STOCH Overbought&#039;, 80, &#039;&#039;, &#039;ENTRY TIMING&#039;)
    local stoch_os = Input(&#039;6. STOCH Oversold&#039;, 36, &#039;&#039;, &#039;ENTRY TIMING&#039;)

    local sl_prc = Input(&#039;1. Stop-Loss % (ROI)&#039;, 290, &#039;Ignored if set to zero&#039;, &#039;SAFETIES&#039;)
    local tp_prc = Input(&#039;2. Take-Profit % (ROI)&#039;, 360 , &#039;Ignored if set to zero&#039;, &#039;SAFETIES&#039;)

-- DATA
    local prices = {
        h = HighPrices,
        l = LowPrices,
        c = ClosePrices
    }

    -- trend
    local ma1 = MA(prices.c(htf), ma_len1, ma_type1)
    local ma2 = MA(prices.c(htf), ma_len2, ma_type2)
    local trend_up = Delta(ma2, ma1) &gt; ma_swing
    local trend_dn = Delta(ma2, ma1) &lt; -ma_swing

    -- momentum
    local rsi = RSI(prices.c(ltf), rsi_len)
    local mom_up = CrossOverSince(rsi, 50) &lt; 10 and rsi &gt; 50
    local mom_dn = CrossUnderSince(rsi, 50) &lt; 10 and rsi &lt; 50

    -- entry
    local stoch = STOCH(prices.h(etf), prices.l(etf), prices.c(etf), stoch_fastk, stoch_slowk, stoch_slowd)
    local entry_long = stoch.slowK &lt;= stoch_os
    local entry_short = stoch.slowK &gt;= stoch_ob

    -- safeties
    local sl = sl_prc &gt; 0 and StopLossROI(sl_prc)
    local tp = tp_prc &gt; 0 and TakeProfitROI(tp_prc)

-- PLOT
    Plot(0, &#039;MA1&#039;, ma1, Yellow)
    Plot(0, &#039;MA2&#039;, ma2, Purple)

    Plot(1, &#039;Trend Up&#039;, IfElse(trend_up, 1, 0), Green)
    Plot(1, &#039;Trend Dn&#039;, IfElse(trend_dn, -1, 0), Red)

    Plot(2, &#039;RSI&#039;, rsi)
    PlotHorizontalLine(2, &#039;&#039;, Gray, 50, Dashed)

    Plot(3, &#039;%K&#039;, stoch.slowK, Yellow)
    PlotHorizontalLine(3, &#039;&#039;, Red, stoch_ob, Dashed)
    PlotHorizontalLine(3, &#039;&#039;, Green, stoch_os, Dashed)
    PlotHorizontalZone(3, &#039;&#039;, DarkGray(20), stoch_os, stoch_ob)

-- LOGIC
    local botPos = GetPositionDirection()
    local botRoi = GetPositionROI()
    local postfix = &#039;[&#039;..Round(botRoi, 4)..&#039;]&#039;

    if botPos == NoPosition then
        if trend_up and mom_up and entry_long then
            DoBuy(&#039;Long Entry&#039;)
        elseif trend_dn and mom_dn and entry_short then
            DoSell(&#039;Short Entry&#039;)
        end
    else
        if botPos == PositionLong and (trend_dn or rsi &lt; 50)  then
            DoExitPosition(&#039;Long Exit &#039;..postfix)
        elseif botPos == PositionShort and (trend_up or rsi &gt; 50) then
            DoExitPosition(&#039;Short Exit &#039;..postfix)
        elseif sl then
            DoExitPosition(&#039;StopLoss &#039;..postfix)
        elseif tp then
            DoExitPosition(&#039;TakeProfit &#039;..postfix)
        end
    end

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