This strategy is based on the Bollinger Bands indicator and uses double standard deviation filtering to achieve fast trading on a 5-minute timeframe. It buys when the price breaks below the lower band and sells when it breaks above the upper band. The upper and lower bands are set by different standard deviations and marked with different colors, visually showing the strength of the trend.
This strategy uses the statistical properties of Bollinger Bands, with double-layer filtering to enhance trend judgment, suitable for quickly capturing trend opportunities at the 5-minute level. However, issues with frequent trading and insufficient risk control measures still need optimization. In the future, improvements can continue to be made in terms of stop-loss and take-profit, parameter optimization, and auxiliary judgment to enhance overall robustness and profitability.
/*backtest start: 2024-03-01 00:00:00 end: 2024-03-31 23:59:59 period: 2h basePeriod: 15m exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}] */ //@version=5 //This displays the traditional Bollinger Bands, the difference is //that the 1st and 2nd StdDev are outlined with two colors and two //different levels, one for each Standard Deviation strategy("Five Min Scalping Strategy", overlay=true) src = input(close, title="Source") length = input.int(20, minval=1, title="Length") mult = input.float(2.0, minval=0.001, maxval=50, title="Multiplier") basis = ta.sma(src, length) dev = ta.stdev(src,length) dev2 = mult * dev upper1 = basis + dev lower1 = basis - dev upper2 = basis + dev2 lower2 = basis - dev2 LongCondition = close[1] < lower1 and close > lower1 ShortCondition = close[1] > upper1 and close < upper1 strategy.entry("Long", strategy.long, when = LongCondition) strategy.entry("Short", strategy.short, when = ShortCondition) strategy.close("Long", when = ShortCondition) strategy.close("Short", when = LongCondition) colorBasis = src >= basis ? color.blue : color.orange pBasis = plot(basis, linewidth=2, color=colorBasis) pUpper1 = plot(upper1, color=color.new(color.blue, 0), style=plot.style_circles) pUpper2 = plot(upper2, color=color.new(color.blue, 0), style=plot.style_circles) pLower1 = plot(lower1, color=color.new(color.orange, 0), style=plot.style_circles) pLower2 = plot(lower2, color=color.new(color.orange, 0), style=plot.style_circles) fill(pBasis, pUpper2, color=color.new(color.blue, 80)) fill(pUpper1, pUpper2, color=color.new(color.blue, 80)) fill(pBasis, pLower2, color=color.new(color.orange, 80)) fill(pLower1, pLower2, color=color.new(color.orange, 80))template: strategy.tpl:40:21: executing "strategy.tpl" at <.api.GetStrategyListByName>: wrong number of args for GetStrategyListByName: want 7 got 6