New Pine Script Strategy

I will start post some TradingView strategies in this blog. Most of them are for crypto trading mainly BTCUSDT and ETHUSDT pairs. The first strategy is quite simple, based on Golden Cross principle

Strategy Description: EMA50 crossover EMA200 and RSI (length 7) above 50

Expected ROI Monthly (in sideway/bullish market): 4%

Recommended Settings:

Pair: BTCUSDT , ETHUSDT

Time frame: 3mins

Initial Capital: 50

Base Currency: Default

Order Size: 11 USDT

Pyramiding: 4 orders

Commission: 0.1 %

Take Profit: 1%

Stop Loss: nil

//@version=4

strategy("Golden Cross [CapAyam.com]", overlay=true)

// Define the inputs

ema50Length = input(50, title="EMA 50 Length")

ema200Length = input(200, title="EMA 200 Length")

rsiLength = input(7, title="RSI Length")

takeProfitPercentage = input(1, title="Take Profit Percentage")

stopLossPercentage = input(50, title="Stop Loss Percentage")

// Calculate the indicators

ema50 = ema(close, ema50Length)

ema200 = ema(close, ema200Length)

rsi = rsi(close, rsiLength)

// Define the entry conditions

enterLong = crossover(ema50, ema200) and rsi > 50

// Define the exit conditions

takeProfitLevel = strategy.position_avg_price * (1 + takeProfitPercentage / 100)

stopLossLevel = strategy.position_avg_price * (1 - stopLossPercentage / 100)

exitLong = crossunder(close, stopLossLevel) or crossunder(close, takeProfitLevel)

// Execute the strategy

if (enterLong)

    strategy.entry("Buy", strategy.long)

if (exitLong)

    strategy.close("Buy")