DBG X WOLONG FUND Indicator

DBG X WOLONG FUND SIGNAL – Grid Trading Strategy
Description

This Pine Script indicator provides a grid-based trading framework that combines technical filters with systematic order placement. It is designed for analyzing market structure and studying how grid systems react under different market conditions.

Key Features
Technical Filters

Bollinger Bands (35-period): Used to identify price extremes relative to volatility.

RSI Filter (20-period): Optional momentum filter for entry conditions.

ATR-based Grid Spacing: Dynamic adjustment of order intervals.

Breakout Detection: Identifies when price moves outside defined levels.

Grid Mechanics

Position Sizing Options: Includes multiplier-based sizing rules.

Maximum Grid Levels: Up to 9 layers can be configured.

Weighted Exit Calculation: Uses average position levels for take profit management.

Stop Loss Options: Can be set individually per order or on a portfolio basis.

Risk Parameters

Lot Calculation Methods: Fixed, dynamic, or equity-based percentage.

Drawdown Limit: Ability to stop new orders when a predefined loss threshold is reached.

Session Control: Trading activity can be filtered by time of day (GMT).

Direction Control: Long-only, short-only, or both directions.

Visual Components

Dashboard: Displays grid status, open exposure, and drawdown levels.

Labels & Lines: Entry points, position sizes, take profit, and stop levels.

Trade Log: Shows recent activity with timestamps.

How It Works

Entry signals may be triggered when price moves outside Bollinger Band ranges.

RSI filter can confirm or reject potential entries.

When price moves against the position, additional orders are placed at defined grid intervals.

Position sizing can be scaled based on multipliers.

Grid closes when the average take profit target is reached or stop criteria are met.

Default Settings

Grid spacing: ATR-based (approx. 35 pips)

Take profit: 10 pips on the first order

Max orders: 9 grid levels

Example risk allocation: 20% equity

Default trading hours: 24/7

Possible Applications

Studying price behavior in sideways markets.

Analyzing potential mean reversion setups.

Running multi-pair experiments for portfolio observation.

Exploring risk allocation models under grid conditions.

Alerts

New entry signals

Drawdown threshold reached

Grid maximum level triggered

Grid cycle completed

⚠️ Disclaimer:
This script is intended for educational and analytical purposes only. It does not guarantee profits and should not be considered financial advice. Test thoroughly on historical data before considering any live application.