New Pine Script Strategy: SMA20-SMA200 Crossover

This strategy is a spin-off version of Golden Cross EMA50-EMA200 strategy. It has not been extensively tested compared to the previous strategy. It is slightly higher ROI but only works in very short time frame which is 1-min chart. 

Strategy Description: MA20 crossover MA200 and RSI (length 7) above 50

Expected potential ROI Monthly (in sideway/bullish market): 2%

Recommended Settings:

Pair: BTCUSDT, OPUSDT

Time frame: 1mins

Initial Capital: 100

Base Currency: Default

Order Size: 11 USDT

Pyramiding: 2 orders

Commission: 0.1 %

Take Profit: 1%

Stop Loss: 10%

//@version=4

strategy("MA20-MA200-crossover[capayam.com]", overlay=true)

// Define the inputs

sma20Length = input(20, title="SMA 20 Length")

sma200Length = input(200, title="SMA 200 Length")

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

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

stopLossPercentage = input(10, title="Stop Loss Percentage")

// Calculate the indicators

sma20 = sma(close, sma20Length)

sma200 = sma(close, sma200Length)

rsi = rsi(close, rsiLength)

// Define the entry conditions

enterLong = crossover(sma20, sma200) 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")