New Pine Script: Spot Martingale Strategy

Pine Script Strategy

This is an improved version of previous Martingale strategy. We have fixed the Stop Loss function to be able to calculate drawdown of cumulative all positions.

Normally we do not use SL for BTC/USD trading, but for Altcoins, we strongly advise to use SL function.

This pine script is actually meant for Strategy Backtester, although you can use it with API bot + tradeadapter. Once you get the best setting, apply it into Binance, Kucoin, or Bitget bot.

Personally, i find Kucoin has the most user friendly bot. However, u can find the best Spot Martingale bots selection in BitGet.

Strategy Description: It places BUY order and double down (according to the multiplier) when the price got lower. TP and SL as per your setting. This strategy works best during bearish period with recovery pattern.

Recommended Setting:

Pair: BTCUSDT (Binance/Kucoin/Bitget)

Time frame:5min

*At the moment, I am using TradingView Premium version, so TF5min will automatically give you backtesting range to 8 weeks back. For Essential version, TF5min will give you range about 4 weeks.

The code as follows:

//@version=5
strategy(“SpotMartingaleBacktester[capayam.com]”, overlay=false, initial_capital=100, default_qty_type=strategy.percent_of_equity, default_qty_value=100, pyramiding=99, commission_type=strategy.commission.percent, commission_value=0.12)
// This backtester is to be used for testing before entering into Kucoin Spot Martingale setting
// In Kucoin setting, it does not include first buy in the max position;
// That means if u put the setting here as max Pos 8, in Kucoin the position is 7 [+1 to include the IB]
// Default setting is 100USDT capital with Multiplier 2x, the IB as follows:
// …Max pos 5, IB 3.23usdt
// …Max pos 6, IB 1.59usdt
// …Max pos 7, IB 0.79usdt
//… Max pos 8, IB 0.37usdt
// Default setting is 100USDT capital with Multiplier 1.5x, the IB as follows:
// …Max pos 5, IB 7.58usdt
// …Max pos 6, IB 4.81usdt
// …Max pos 7, IB 3.11usdt
// …Max pos 8, IB 2.03usdt
// Inputs
percentageDrop = input.float(1.1, title=“Percentage Drop(%)”, step=0.1) / 100
maxPositions = input.int(8, title=“Max Positions[in Kucoin setting,please -1]”, minval=1)
multiplier = input.float(2, title=“Multiplier”, minval=1, step=0.1)
takeProfitPct = input.float(1.1, title=“Take Profit Percentage (%)”, step=0.1) / 100
initialCapital = input.float(0.37, title=“Initial Buy(adjust according to MaxPositions)USDT”, step=0.1)
stopLossPct = input.float(99, title=“SL(%)”, step=0.1) / 100
show_time = input(true, title=“—For specific date backtesting—“)
start_year = input(2024, title=“Start Year”)
start_month = input.int(1, title=“Start Month (1-12)”, minval=1, maxval=12)
start_day = input.int(1, title=“Start Day (1-31)”, minval=1, maxval=31)
stop_year = input(2026,title=“Stop Year”)
stop_month = input.int(12, title=“Stop Month (1-12)”, minval=1, maxval=12)
stop_day = input.int(31, title=“Stop Day (1-31)”, minval=1, maxval=31)
// Create timestamps from the input dates
start_trading_date = timestamp(start_year, start_month, start_day, 0, 0)
stop_trading_date = timestamp(stop_year, stop_month, stop_day, 23, 59)
// Variables
var float averageEntry = na
var float totalPositionSize = 0
var float totalCost = 0
var int positionCount = 0
var float lastPositionSize = na // Track the last added position size
// Price Levels
dropLevel = na(averageEntry) ? na : averageEntry * (1 – percentageDrop)
takeProfitLevel = na(averageEntry) ? na : averageEntry * (1 + takeProfitPct)
stopLossLevel = na(averageEntry) ? na : averageEntry * (1 – stopLossPct)
// Entry Condition
if na(averageEntry) and positionCount == 0 and (time >= start_trading_date) and (time <= stop_trading_date)
    initialQty = initialCapital / close // Directly calculate without rounding
    strategy.entry(“Initial Buy”, strategy.long, qty=initialQty)
    averageEntry := close
    totalPositionSize := initialQty
    totalCost := initialQty * close
    positionCount := 1
    lastPositionSize := initialQty // Initialize the last position size
if not na(averageEntry) and close <= dropLevel and positionCount < maxPositions
    newPositionSize = lastPositionSize * multiplier // Calculate based on the last position size
    strategy.entry(“Add Position”, strategy.long, qty=newPositionSize)
    totalCost := totalCost + newPositionSize * close
    totalPositionSize := totalPositionSize + newPositionSize
    averageEntry := totalCost / totalPositionSize
    positionCount := positionCount + 1
    lastPositionSize := newPositionSize // Update the last position size
// Take Profit Condition
if not na(averageEntry) and close >= takeProfitLevel
    strategy.close(“Initial Buy”)
    strategy.close(“Add Position”)
    averageEntry := na
    totalPositionSize := 0
    totalCost := 0
    positionCount := 0
    lastPositionSize := na // Reset the last position size
// Stop-Loss Condition (Fixed)
if not na(averageEntry) and close <= averageEntry * (1 – stopLossPct)
    strategy.close_all()
    averageEntry := na
    totalPositionSize := 0
    totalCost := 0
    positionCount := 0
    lastPositionSize := na // Reset the last position size

Don’t know how to set up your own bot? Read here, its easy!

#Code223

12 Comments So far

Please Post Your Comments & Reviews
Cancel reply

hi88

2 February 2026, 9:23 am

Can I simply just say what a relief to find someone that genuinely knows what they’re talking about on the net. You definitely realize how to bring an issue to light and make it important. More people should look at this and understand this side of your story. I was surprised you’re not more popular since you definitely possess the gift.

top646

30 March 2026, 9:56 pm

I like the helpful information you provide in your articles. I’ll bookmark your weblog and check again here regularly. I am quite certain I will learn many new stuff right here! Good luck for the next!

n1 bet كازينو

23 April 2026, 6:10 pm

Everyone loves what you guys tend to be up too. This kind of clever work and coverage!

Keep up the very good works guys I’ve added you guys to
my personal blogroll.

dream bet كازينو

24 April 2026, 2:02 am

I’ve been browsing online more than 3 hours lately, yet I never found any attention-grabbing article like yours.
It’s pretty value sufficient for me. Personally, if all web
owners and bloggers made just right content material as you probably did,
the web will probably be a lot more useful than ever before.

bc game كازينو

24 April 2026, 3:59 am

Hi there! I just wanted to ask if you ever have any problems with hackers?
My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no data backup.
Do you have any methods to protect against hackers?

jvspinbet كازينو

24 April 2026, 9:55 am

Thanks for one’s marvelous posting! I quite
enjoyed reading it, you might be a great author.I
will be sure to bookmark your blog and will often come
back very soon. I want to encourage one to continue your great posts, have a nice holiday weekend!

mr fortune

12 May 2026, 6:10 pm

I am really impressed with your writing talents as neatly as with the layout to your weblog. Is that this a paid subject matter or did you modify it yourself? Either way stay up the excellent high quality writing, it’s rare to see a nice blog like this one today..

fugu كازينو

16 May 2026, 12:16 am

Greetings! Very helpful advice within this post! It’s the little changes that make the largest changes. Many thanks for sharing!

abuking كازينو

18 May 2026, 6:26 am

Woah! I’m really digging the template/theme of this blog. It’s simple, yet effective. A lot of times it’s challenging to get that “perfect balance” between usability and visual appearance. I must say that you’ve done a excellent job with this. Also, the blog loads super fast for me on Internet explorer. Exceptional Blog!

betano

21 May 2026, 2:52 am

Pretty nice post. I just stumbled upon your blog and wished to say that I have truly enjoyed surfing around your blog posts. After all I’ll be subscribing to your feed and I hope you write again very soon!

tg777

22 May 2026, 6:39 am

I’m not sure exactly why but this blog is loading very slow for me.
Is anyone else having this issue or is it a
problem on my end? I’ll check back later on and see if the problem still exists.

tg كازينو

23 May 2026, 7:51 am

It’s remarkable designed for me to have a site, which is useful in favor of my experience.
thanks admin

New Pine Script: Spot Martingale Strategy