RicardoSantos

[STRATEGY][RS]Roulette Martingale V0

a solid strategy all across the majors.
double the profits :p

WARNING: use at your own discretion.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?
//@version=2
strategy(title='[STRATEGY][RS]Roulette Martingale V0', shorttitle='RM', overlay=false, pyramiding=0, initial_capital=100000, currency=currency.USD)
initial_trading_risk_vs_equity = input(0.1)
maximum_risk_ratio_of_equity = input(0.5)
take_profit_in_points = input(1000000)
stop_loss_in_points = input(1000000)

trade_session = input(title='Trade Session:', type=string, defval='0400-1500', confirm=false)
istradingsession = not na(time('1', trade_session))
bgcolor(istradingsession ? black : na, transp=50)

base_trade_size = strategy.equity * initial_trading_risk_vs_equity
direction = na(direction[1]) ? 1 : direction[1] == +1 and change(strategy.netprofit) < 0 ? -1 : direction[1] == -1 and change(strategy.netprofit) < 0 ? +1 : direction[1]

condition_buy_entry = change(istradingsession) > 0 and direction > 0 //and track_buy_trades[1] > 0
condition_sel_entry = change(istradingsession) > 0 and direction < 0 //and track_sel_trades[1] > 0

track_buy_trades = na(track_buy_trades[1]) ? 1 : change(condition_buy_entry) > 0 ? track_buy_trades[1] + 1 : track_sel_trades[1] > 0 ? 0 : track_buy_trades[1]
track_sel_trades = na(track_sel_trades[1]) ? 1 : change(condition_sel_entry) > 0 ? track_sel_trades[1] + 1 : track_buy_trades[1] > 0 ? 0 : track_sel_trades[1]
plot(track_buy_trades)
plot(0-track_sel_trades)

adjusted_trade_size = min(strategy.equity*maximum_risk_ratio_of_equity, base_trade_size * (track_buy_trades+track_sel_trades))
strategy.entry('buy', long=true, qty=adjusted_trade_size, when=condition_buy_entry)
strategy.entry('sel', long=false, qty=adjusted_trade_size, when=condition_sel_entry)
strategy.exit('exit buy', from_entry='buy', profit=take_profit_in_points, loss=stop_loss_in_points)
strategy.close_all(when = not istradingsession)