Strategy
The Best Strategy Template[LuciTech]Hello Traders,
This is a powerful and flexible strategy template designed to help you create, backtest, and deploy your own custom trading strategies. This template is not a ready-to-use strategy but a framework that simplifies the development process by providing a wide range of pre-built features and functionalities.
What It Does
The LuciTech Strategy Template provides a robust foundation for building your own automated trading strategies. It includes a comprehensive set of features that are essential for any serious trading strategy, allowing you to focus on your unique trading logic without having to code everything from scratch.
Key Features
The LuciTech Strategy Template integrates several powerful features to enhance your strategy development:
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Advanced Risk Management: This includes robust controls for defining your Risk Percentage per Trade, setting a precise Risk-to-Reward Ratio, and implementing an intelligent Breakeven Stop-Loss mechanism that automatically adjusts your stop to the entry price once a specified profit threshold is reached. These elements are crucial for capital preservation and consistent profitability.
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Flexible Stop-Loss Options: The template offers adaptable stop-loss calculation methods, allowing you to choose between ATR-Based Stop-Loss, which dynamically adjusts to market volatility, and Candle-Based Stop-Loss, which uses structural price points from previous candles. This flexibility ensures the stop-loss strategy aligns with diverse trading styles.
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Time-Based Filtering: Optimize your strategy's performance by restricting trading activity to specific hours of the day. This feature allows you to avoid unfavorable market conditions or focus on periods of higher liquidity and volatility relevant to your strategy.
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Customizable Webhook Alerts: Stay informed with advanced notification capabilities. The template supports sending detailed webhook alerts in various JSON formats (Standard, Telegram, Concise Telegram) to external platforms, facilitating real-time monitoring and potential integration with automated trading systems.
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Comprehensive Visual Customization: Enhance your analytical clarity with extensive visual options. You can customize the colors of entry, stop-loss, and take-profit lines, and effectively visualize market inefficiencies by displaying and customizing Fair Value Gap (FVG) boxes directly on your chart.
How It Does It
The LuciTech Strategy Template is meticulously crafted using Pine Script, PulseWire's powerful and expressive programming language. The underlying architecture is designed for clarity and modularity, allowing for straightforward integration of your unique trading signals. At its core, the template operates by taking user-defined entry and exit conditions and then applying a sophisticated layer of risk management, position sizing, and trade execution logic.
For instance, when a longCondition or shortCondition is met, the template dynamically calculates the appropriate position size. This calculation is based on your specified risk_percent of equity and the stop_distance (the distance between your entry price and the calculated stop-loss level). This ensures that each trade adheres to your predefined risk parameters, a critical component of disciplined trading.
The flexibility in stop-loss calculation is achieved through a switch statement that evaluates the sl_type input. Whether you choose an ATR-based stop, which adapts to market volatility, or a candle-based stop, which uses structural price points, the template seamlessly integrates these methods. The ATR calculation itself is further refined by allowing various smoothing methods (RMA, SMA, EMA, WMA), providing granular control over how volatility is measured.
Time-based filtering is implemented by comparing the current bar's time with user-defined start_hour, start_minute, end_hour, and end_minute inputs. This allows the strategy to activate or deactivate trading during specific market sessions or periods of the day, a valuable tool for optimizing performance and avoiding unfavorable conditions.
Furthermore, the template incorporates advanced webhook alert functionality. When a trade is executed, a customizable JSON message is formatted based on your webhook_format selection (Standard, Telegram, or Concise Telegram) and sent via alert function. This enables seamless integration with external services for real-time notifications or even automated trade execution through third-party platforms.
Visual feedback is paramount for understanding strategy behavior. The template utilizes plot and fill functions to clearly display entry prices, stop-loss levels, and take-profit targets directly on the chart. Customizable colors for these elements, along with dedicated options for Fair Value Gap (FVG) boxes, enhance the visual analysis during backtesting and live trading, making it easier to interpret the strategy's actions.
How It's Original
The LuciTech Strategy Template distinguishes itself in the crowded landscape of PulseWire scripts through its unique combination of integrated, advanced risk management features, highly flexible stop-loss methodologies, and sophisticated alerting capabilities, all within a user-friendly and modular framework. While many templates offer basic entry/exit signal integration, LuciTech goes several steps further by providing a robust, ready-to-use infrastructure for managing the entire trade lifecycle once a signal is generated.
Unlike templates that might require users to piece together various risk management components or code complex stop-loss logic from scratch, LuciTech offers these critical functionalities out-of-the-box. The inclusion of dynamic position sizing based on a user-defined risk percentage, a configurable risk-to-reward ratio, and an intelligent breakeven mechanism significantly elevates its utility. This comprehensive approach to capital preservation and profit targeting is a cornerstone of professional trading and is often overlooked or simplified in generic templates.
Furthermore, the template's provision for multiple stop-loss calculation types—ATR-based for volatility adaptation, and candle-based for structural support/resistance—demonstrates a deep understanding of diverse trading strategies. The underlying code for these calculations is already implemented, saving developers considerable time and effort. The subtle yet powerful inclusion of FVG (Fair Value Gap) related inputs also hints at advanced price action concepts, offering a sophisticated layer of analysis and execution that is not commonly found in general-purpose templates.
The advanced webhook alerting system, with its support for various JSON formats tailored for platforms like Telegram, showcases an originality in catering to the needs of modern, automated trading setups. This moves beyond simple PulseWire pop-up alerts, enabling seamless integration with external systems for real-time trade monitoring and execution. This level of external connectivity and customizable data output is a significant differentiator.
In essence, the LuciTech Strategy Template is original not just in its individual features, but in how these features are cohesively integrated to form a powerful, opinionated, yet highly adaptable system. It empowers traders to focus their creative energy on developing their core entry/exit signals, confident that the underlying framework will handle the complexities of risk management, trade execution, and external communication with precision and flexibility. It's a comprehensive solution designed to accelerate the development of robust and professional trading strategies.
How to Modify the Logic to Apply Your Strategy
The LuciTech Strategy Template is designed with modularity in mind, making it exceptionally straightforward to integrate your unique trading strategy logic. The template provides a clear separation between the core strategy management (risk, position sizing, exits) and the entry signal generation. This allows you to easily plug in your own buy and sell conditions without altering the robust underlying framework.
Here’s a step-by-step guide on how to adapt the template to your specific trading strategy:
1.
Locate the Strategy Logic Section:
Open the Pine Script editor in PulseWire and navigate to the section clearly marked with the comment //Strategy Logic Example:. This is where the template’s placeholder entry conditions (a simple moving average crossover) are defined.
2.
Define Your Custom Entry Conditions:
Within this section, you will find variables such as longCondition and shortCondition. These are boolean variables that determine when a long or short trade should be initiated. Replace the existing example logic with your own custom buy and sell conditions. Your conditions can be based on any combination of indicators, price action patterns, candlestick formations, or other market analysis techniques. For example, if your strategy involves a combination of RSI and MACD, you would define longCondition as (rsi > 50 and macd_line > signal_line) and shortCondition as (rsi < 50 and macd_line < signal_line).
3.
Leverage the Template’s Built-in Features:
Once your longCondition and shortCondition are defined, the rest of the template automatically takes over. The integrated risk management module will calculate the appropriate position size based on your Risk % input and the chosen Stop Loss Type. The Risk:Reward ratio will determine your take-profit levels, and the Breakeven at R feature will manage your stop-loss dynamically. The time filter (Use Time Filter) will ensure your trades only occur within your specified hours, and the webhook alerts will notify you of trade executions. Strategy
[MT] Strategy Backtest Template| Initial Release | | EN |
An update of my old script, this script is designed so that it can be used as a template for all those traders who want to save time when programming their strategy and backtesting it, having functions already programmed that in normal development would take you more time to program, with this template you can simply add your favorite indicator and thus be able to take advantage of all the functions that this template has.
🔴Stop Loss and 🟢Take Profit:
No need to mention that it is a Stop Loss and a Take Profit, within these functions we find the options of: fixed percentage (%), fixed price ($), ATR, especially for Stop Loss we find the Pivot Points, in addition to this, the price range between the entry and the Stop Loss can be converted into a trailing stop loss, instead, especially for the Take Profit we have an option to choose a 1:X ratio that complements very well with the Pivot Points.
📈Heikin Ashi Based Entries:
Heikin Ashi entries are trades that are calculated based on Heikin Ashi candles but their price is executed to Japanese candles, thus avoiding false results that occur in Heikin candlestick charts, this making in certain cases better results in strategies that are executed with this option compared to Japanese candlesticks.
📊Dashboard:
A more visual and organized way to see the results and necessary data produced by our strategy, among them we can see the dates between which our operations are made regardless if you have activated some time filter, usual data such as Profit, Win Rate, Profit factor are also displayed in this panel, additionally data such as the total number of operations, how many were gains and how many losses, the average profit and loss for each operation and finally the maximum profits and losses followed, which are data that will be very useful to us when we elaborate our strategies.
Feel free to use this template to program your own strategies, if you find errors or want to request a new feature let me know in the comments or through my social networks found in my pulsewire profile.
| Update 1.1 | | EN |
➕Additions: '
Time sessions filter and days of the week filter added to the time filter section.
Option to add leverage to the strategy.
5 Moving Averages, RSI, Stochastic RSI, ADX, and Parabolic Sar have been added as indicators for the strategy.
You can choose from the 6 available indicators the way to trade, entry alert or entry filter.
Added the option of ATR for Take Profit.
Ticker information and timeframe are now displayed on the dashboard.
Added display customization and color customization of indicator plots.
Added customization of display and color plots of trades displayed on chart.
📝Changes:
Now when activating the time filter it is optional to add a start or end date and time, being able to only add a start date or only an end date.
Operation plots have been changed from plot() to line creation with line.new().
Indicator plots can now be controlled from the "plots" section.
Acceptable and deniable range of profit, winrate and profit factor can now be chosen from the "plots" section to be displayed on the dashboard.
Aesthetic changes in the section separations within the settings section and within the code itself.
The function that made the indicators give inputs based on heikin ashi candles has been changed, see the code for more information.
⚙️Fixes:
Dashboard label now projects correctly on all timeframes including custom timeframes.
Removed unnecessary lines and variables to take up less code space.
All code in general has been optimized to avoid the use of variables, unnecessary lines and avoid unnecessary calculations, freeing up space to declare more variables and be able to use fewer lines of code.
| Lanzamiento Inicial | | ES |
Una actualización de mi antiguo script, este script está diseñado para que pueda ser usado como una plantilla para todos aquellos traders que quieran ahorrar tiempo al programar su estrategia y hacer un backtesting de ella, teniendo funciones ya programadas que en el desarrollo normal te tomaría más tiempo programar, con esta plantilla puedes simplemente agregar tu indicador favorito y así poder aprovechar todas las funciones que tiene esta plantilla.
🔴Stop Loss y 🟢Take Profit:
No hace falta mencionar que es un Stop Loss y un Take Profit, dentro de estas funciones encontramos las opciones de: porcentaje fijo (%), precio fijo ($), ATR, en especial para Stop Loss encontramos los Pivot Points, adicionalmente a esto, el rango de precio entre la entrada y el Stop Loss se puede convertir en un trailing stop loss, en cambio, especialmente para el Take Profit tenemos una opción para elegir un ratio 1:X que se complementa muy bien con los Pivot Points.
📈Entradas Basadas en Heikin Ashi:
Las entradas Heikin Ashi son operaciones que son calculados en base a las velas Heikin Ashi pero su precio esta ejecutado a velas japonesas, evitando así́ los falsos resultados que se producen en graficas de velas Heikin, esto haciendo que en ciertos casos se obtengan mejores resultados en las estrategias que son ejecutadas con esta opción en comparación con las velas japonesas.
📊Panel de Control:
Una manera más visual y organizada de ver los resultados y datos necesarios producidos por nuestra estrategia, entre ellos podemos ver las fechas entre las que se hacen nuestras operaciones independientemente si se tiene activado algún filtro de tiempo, datos usuales como el Profit, Win Rate, Profit factor también son mostrados en este panel, adicionalmente se agregaron datos como el número total de operaciones, cuantos fueron ganancias y cuantos perdidas, el promedio de ganancias y pérdidas por cada operación y por ultimo las máximas ganancias y pérdidas seguidas, que son datos que nos serán muy útiles al elaborar nuestras estrategias.
Siéntete libre de usar esta plantilla para programar tus propias estrategias, si encuentras errores o quieres solicitar una nueva función házmelo saber en los comentarios o a través de mis redes sociales que se encuentran en mi perfil de pulsewire.
| Actualización 1.1 | | ES |
➕Añadidos:
Filtro de sesiones de tiempo y filtro de días de la semana agregados al apartado de filtro de tiempo.
Opción para agregar apalancamiento a la estrategia.
5 Moving Averages, RSI, Stochastic RSI, ADX, y Parabolic Sar se han agregado como indicadores para la estrategia.
Puedes escoger entre los 6 indicadores disponibles la forma de operar, alerta de entrada o filtro de entrada.
Añadido la opción de ATR para Take Profit.
La información del ticker y la temporalidad ahora se muestran en el dashboard.
Añadido personalización de visualización y color de los plots de indicadores.
Añadido personalización de visualización y color de los plots de operaciones mostradas en grafica.
📝Cambios:
Ahora al activar el filtro de tiempo es opcional añadir una fecha y hora de inicio o fin, pudiendo únicamente agregar una fecha de inicio o solamente una fecha de fin.
Los plots de operaciones han cambiados de plot() a creación de líneas con line.new().
Los plots de indicadores ahora se pueden controlar desde el apartado "plots".
Ahora se puede elegir el rango aceptable y negable de profit, winrate y profit factor desde el apartado "plots" para mostrarse en el dashboard.
Cambios estéticos en las separaciones de secciones dentro del apartado de configuraciones y dentro del propio código.
Se ha cambiado la función que hacía que los indicadores dieran entradas en base a velas heikin ashi, mire el código para más información.
⚙️Arreglos:
El dashboard label ahora se proyecta correctamente en todas las temporalidades incluyendo las temporalidades personalizadas.
Se han eliminado líneas y variables innecesarias para ocupar menos espacio en el código.
Se ha optimizado todo el código en general para evitar el uso de variables, líneas innecesarias y evitar los cálculos innecesarios, liberando espacio para declarar más variables y poder utilizar menos líneas de código.
Strategy
Strategy
Strategy Template - V2This is an educational script created to demonstrate few basic building blocks of a trend based strategy and how to achieve different entry and exit types. My initial intention was to create a comprehensive strategy template which covers all the aspects of strategy. But, ended up creating fully fledged strategy based on trend following.
This is an enhancement on Strategy-Template But this script is comparitively more complex. Hence I decided to create new version instead of updating the existing one.
Lets dive deep.
SIMPLE COMPONENTS OF TREND FOLLOWING STRATEGY
TREND BIAS - This defines the direction of trend. Idea is not to trade against the trend direction. If the bias is bullish, look for long opportunities and if bias is bearish, look for short opportunities. Stay out of the market when the bias is neutral.
Often, trend bias is determined based on longer timeframe conditions. Example - 200 Moving Average, Higher timeframe moving averages, Higher timeframe high-lows etc. can be used for determining the trend bias.
In this script, I am using Weekly donchian channels combined with daily donchian channels to define trend bias.
Long Bias - 40 Day donchian channel sits completely in upper portion of 40 Week dochnial channel.
Short Bias - 40 Day donchian channel sits completely in lower portion of 40 Week donchian channel.
ENTRY CONDITION - Entry signals are generated only in the direction of bias. Hence, when in LongBias, we only get Long signals and when in short bias, we only get short signals.
In our case, when in Long Bias - if price hits 40 day high for the first time, this creates our long entry signal. Similarly when in Short Bias , price hitting 40 day low will create signal for going short. Since we do not take trades opposite to trend, no entry conditions are formed when price hits 40 day high in Short Bias or 40 day low in Long Bias.
EXIT CONDITION - Exit conditions are formed when we get signals of trend failure.
In our case, when in long trade, price hitting 40 day low creates exit signal. Similarly when in short trade price hitting 40 day high creates exit signal for short trade.
DIFFERENT TYPES OF ENTRY AND EXIT
In this script, I have tried to demonstrate different entry and exit types.
Entry types
Market - Enter immediately when entry signal is received. That is, in this case when price crossover over high in long bias and crosses under low in short bias
Stop - This method includes estimating at what level new highs are made and creating a stop buy order at that level. This way, we do not miss if the break out is stronger. But, susciptible to fail during fakeouts.
Limit - This method includes executing a limit order to buy at lower price or sell at higher price. In trend following methods, downside of limit order is when there is genuine breakout, these limit orders may not hit and during trend failures the limit orders are likely to hit and go straight to stop.
Stop-Limit - this is same as stop order but will also place a limit condition to avoid buying on overextended breakout or with lots of slippage.
Exit types
Market - whether to keep the existing trade running or whether to close it is determined after close of each bar and exit orders are executed manually upon receiving exit signal.
Stop - We place stop loss orders beforehand when there is a trade in place. This can help in avoiding big movements against trade within bar. But, this may also stop on false signals or fakeouts.
Take profit
Stop - No take profits are configured.
Target - 30% of the positions are closed when take profit levels are hit. Take profit levels are defined by risk reward.
USING THE CODE AS TEMPLATE
As mentioned earlier, I intended to create a fully fledged strategy template. But, ended up creating a fully fledged stratgy. However, you can take some part of this code and use it to start your own strategy. Will explain what all things can be adopted without worrying about the strategy implementation within
Strategy definition : This can be copied as is and just change the title of strategy. This defines some of the commonly used parameters of strategy which can help with close to realistic backtesting results for your coded strategy and comparison with buy and hold.
Generic Strategy Parameters : The parameter which defines controlling alllowed trade direction and trading window are present here. This again can be copied as is and variable inDateRange can be directly used in entry conditions.
Generic Methods : f_getMovingAverage and f_secureSecurity are handy and can be used as is. atr method provideded by pine gives you ATR based on RMA. If you want SMA or any other moving average based ATR, you can use the method f_getCustomAtr
Trade Statements : This section has all types of trading instructions which includes market/stop/limit/stop-limit type of entries and exits and take profit statements. You can adopt the type of entry you are interested in and change when condition to suit your strategy.
Trade conditions and levels : This section is required. But, cannot be copied. All the trade logic goes here which also sets parameters which are used in when of Trade Statements.
Hope this helps. Strategy
