New Script: VWAP strategy

This strategy uses VWAP with period 7. The success rate about 50%, and one huge drawback is the huge drawdown. I do not set up stop loss for this strategy.

Strategy Description: It buys when the price crosses up VWAP line. Exit when EMA50 crosses down SMA100.

Potential ROI Monthly (in bullish trend): 0-10%

Recommended Settings:

Pair: BTCUSDT, TIAUSDT

Time frame: 5mins

Initial Capital: 100

Base Currency: Default

Order Size: 98% of equity

Pyramiding: 1 order

Commission: 0.1 %

//@version=4

strategy("VWAP+MA[www.capayam.com]", overlay=true)

// Input for the VWAP period

cumulativePeriod = input(7, title="VWAP Period")

// Calculate VWAP

typicalPrice = (high + low + close) / 3

typicalPriceVolume = typicalPrice * volume

cumulativeTypicalPriceVolume = sum(typicalPriceVolume, cumulativePeriod)

cumulativeVolume = sum(volume, cumulativePeriod)

vwapValue = cumulativeTypicalPriceVolume / cumulativeVolume

// Plot VWAP

plot(vwapValue, color=color.blue, title="VWAP")

// Input for EMA50 period

ema50Period = input(50, title="EMA50 Period")

// Calculate EMA50

ema50 = ema(close, ema50Period)

// Input for SMA100 period

sma100Period = input(100, title="SMA100 Period")

// Calculate SMA100

sma100 = sma(close, sma100Period)

// Plot EMA50 and SMA100

plot(ema50, color=color.orange, title="EMA50")

plot(sma100, color=color.green, title="SMA100")

// Define strategy conditions

strategy.entry("Buy", strategy.long, when = close > vwapValue)

strategy.close("Buy", when = crossover(ema50, sma100))