Pine Script Strategy Algo Update
Budget: $10 – $30 USD
I need the current Tradingview strategy to be updated to do the following:
1)Begin with a single contract for the initial trade.
2)Adjust Contracts Based on Trade Outcome:
3)After a winning trade, increase the number of contracts by 1, up to a maximum of 5 contracts.
4)After a losing trade, reset to 1 contract.
Examples:
Example 1 (Winning Trade, Initial Contract):
Initial Contracts: 1
Total Profit: $20.16
New Contracts for Next Trade: 2 (since it's a winning trade)
(Winning Trade, Increased Contracts):
Contracts: 2
Profit: $40.16
New Contracts for Next Trade: 3 (since it's a winning trade)
Example 3 (Losing Trade, Reset Contracts):
Contracts: 3
Loss per Contract: -$136.56
Example 4(Contracts reset to 1 Because its a Losing Trade)
Contracts: 1
Keep repeating -
If we had 5 winners in a row then reset to 1 contract
If we have a losing trade then reset to 1
If we have a winning trade we increase next trade by 1 contract up until 5 contracts then we reset
1)Begin with a single contract for the initial trade.
2)Adjust Contracts Based on Trade Outcome:
3)After a winning trade, increase the number of contracts by 1, up to a maximum of 5 contracts.
4)After a losing trade, reset to 1 contract.
Examples:
Example 1 (Winning Trade, Initial Contract):
Initial Contracts: 1
Total Profit: $20.16
New Contracts for Next Trade: 2 (since it's a winning trade)
(Winning Trade, Increased Contracts):
Contracts: 2
Profit: $40.16
New Contracts for Next Trade: 3 (since it's a winning trade)
Example 3 (Losing Trade, Reset Contracts):
Contracts: 3
Loss per Contract: -$136.56
Example 4(Contracts reset to 1 Because its a Losing Trade)
Contracts: 1
Keep repeating -
If we had 5 winners in a row then reset to 1 contract
If we have a losing trade then reset to 1
If we have a winning trade we increase next trade by 1 contract up until 5 contracts then we reset