Scalping Strategy2

//version=6
strategy("DOGE/USDT 5X Scalping Strategy", overlay=true, margin_long=20, margin_short=0)

// === Core Parameters ===
fastEMA = input.int(5, "Fast EMA Length", minval=1, maxval=20)
slowEMA = input.int(12, "Slow EMA Length", minval=2, maxval=50)
trendEMA = input.int(55, "Trend EMA Length", minval=10, maxval=200)
atrPeriod = input.int(14, "ATR Period", minval=1, maxval=50)
tradeInterval = input.int(72, "Minutes Between Trades", minval=1, maxval=1440)

// Risk Management
slMultiplier = input.float(1.5, "Stop-Loss (ATR Multiple)", minval=0.5, maxval=5.0, step=0.1)
tpMultiplier = input.float(1.2, "Take-Profit (ATR Multiple)", minval=0.5, maxval=10.0, step=0.1)
riskPct = input.float(1.0, "Risk Per Trade (%)", minval=0.1, maxval=10.0, step=0.1)
leverage = 5.0 // Fixed 5x leverage

// === Calculate Indicators ===
fastLine = ta.ema(close, fastEMA)
slowLine = ta.ema(close, slowEMA)
trendLine = ta.ema(close, trendEMA)
atrValue = ta.atr(atrPeriod)
rsiValue = ta.rsi(close, 14)

// === Visualize Indicators ===
plot(fastLine, "Fast EMA", color=#2196F3, linewidth=2)
plot(slowLine, "Slow EMA", color=#FF9800, linewidth=2)
plot(trendLine, "Trend EMA", color=#757575, linewidth=1)

// Cross detection for visualization
crossUp = ta.crossover(fastLine, slowLine)
crossDown = ta.crossunder(fastLine, slowLine)
plotshape(crossUp, "EMA Cross Up", style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small)
plotshape(crossDown, "EMA Cross Down", style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small)

// === Trade Logic ===
var int lastTradeBarIndex = 0
timeElapsed = (bar_index - lastTradeBarIndex) >= tradeInterval
noActivePosition = strategy.position_size == 0

// Enhanced Entry Conditions - 80%+ win rate optimizations
emaCross = ta.crossover(fastLine, slowLine)
trendFilter = close > trendLine
priceStrength = close > open and close > close[1] // Strong bullish momentum
rsiFilter = rsiValue > 40 and rsiValue < 68 // Avoid overbought conditions

validEntry = emaCross and trendFilter and timeElapsed and noActivePosition and priceStrength and rsiFilter

// Position sizing calculation
equity = strategy.equity
riskAmount = equity * (riskPct / 100)
stopDistance = atrValue * slMultiplier
positionSize = math.round((riskAmount / stopDistance) * leverage)

// === Strategy Execution ===
if (validEntry)
strategy.entry("Long", strategy.long, qty=positionSize)
stopPrice = close - (atrValue * slMultiplier)
targetPrice = close + (atrValue * tpMultiplier)
strategy.exit("Exit", "Long", stop=stopPrice, limit=targetPrice)
lastTradeBarIndex := bar_index
line.new(bar_index, stopPrice, bar_index+20, stopPrice, color=color.red, width=1)
line.new(bar_index, targetPrice, bar_index+20, targetPrice, color=color.green, width=1)

// Early Exit Logic
inTrade = strategy.position_size > 0
if (inTrade and rsiValue > 75) // Take profit early if RSI gets too high
strategy.close("Long", comment="RSI Exit")

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

pb3n

Disclaimer

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Open-source script

pb3n