OPEN-SOURCE SCRIPT
IU Martingale Strategy
DESCRIPTION
This strategy is a Martingale-based trading system that enters a long position based on simple candle patterns and doubles the position size after each loss. It tracks the worst-case drawdown using a live risk matrix table to help traders visualize the downside. With clear profit and loss points, auto position sizing, and a risk visualization table, it’s perfect for backtesting the Martingale concept directly on charts.
WHAT IS MARTINGALE SYSTEM?
The Martingale system is a position-sizing strategy where you double your trade size after every loss, aiming to recover all previous losses with a single profitable trade. It assumes that a winning trade will eventually occur. While it can be high-risk, it’s often used in controlled environments or with high probability setups.
USER INPUTS
📦 Starting Position: Initial position size for the first trade
📈 Profit Points: Target profit in price points
📉 Loss Points: Stop loss in price points
📊 Show Risk Matrix Table: Enable or disable a live table showing current streak and risk stats
LONG CONDITION
A long trade is triggered when the current candle closes higher than it opened, and no open position exists. The condition is simple and used to simulate market entry for testing the Martingale logic.
// Entry Condition:
close > open and no existing position
LONG EXIT
Each trade has a fixed stop-loss and take-profit, based on the user's input:
Stop Loss = Entry Price − Loss Points
Take Profit = Entry Price + Profit Points
The exit is handled using strategy.exit() with these dynamic values.
WHY IT IS UNIQUE
🔁 Implements a dynamic Martingale position sizing system
📊 Includes a visual Risk Matrix Table tracking losing streaks, max size, and risk
📈 Automatically resets position size after a win
🧠 Smart use of array to manage loss history and control logic
🎯 Customizable SL and TP for each entry
🎨 Beautiful chart visuals for entry, stop loss, and target levels
HOW USER CAN BENEFIT FROM IT
🧪 Test the sustainability of a Martingale system with real chart data
👁️ Visualize the risks and impact of consecutive losses
📈 Explore risk vs. reward scenarios before deploying in real markets
🧰 Use it as a base template to build more advanced Martingale or grid-based systems
📚 Great for educational purposes to understand the mathematical drawdowns involved in doubling strategies
Disclaimer :
This Video is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
This strategy is a Martingale-based trading system that enters a long position based on simple candle patterns and doubles the position size after each loss. It tracks the worst-case drawdown using a live risk matrix table to help traders visualize the downside. With clear profit and loss points, auto position sizing, and a risk visualization table, it’s perfect for backtesting the Martingale concept directly on charts.
WHAT IS MARTINGALE SYSTEM?
The Martingale system is a position-sizing strategy where you double your trade size after every loss, aiming to recover all previous losses with a single profitable trade. It assumes that a winning trade will eventually occur. While it can be high-risk, it’s often used in controlled environments or with high probability setups.
USER INPUTS
📦 Starting Position: Initial position size for the first trade
📈 Profit Points: Target profit in price points
📉 Loss Points: Stop loss in price points
📊 Show Risk Matrix Table: Enable or disable a live table showing current streak and risk stats
LONG CONDITION
A long trade is triggered when the current candle closes higher than it opened, and no open position exists. The condition is simple and used to simulate market entry for testing the Martingale logic.
// Entry Condition:
close > open and no existing position
LONG EXIT
Each trade has a fixed stop-loss and take-profit, based on the user's input:
Stop Loss = Entry Price − Loss Points
Take Profit = Entry Price + Profit Points
The exit is handled using strategy.exit() with these dynamic values.
WHY IT IS UNIQUE
🔁 Implements a dynamic Martingale position sizing system
📊 Includes a visual Risk Matrix Table tracking losing streaks, max size, and risk
📈 Automatically resets position size after a win
🧠 Smart use of array to manage loss history and control logic
🎯 Customizable SL and TP for each entry
🎨 Beautiful chart visuals for entry, stop loss, and target levels
HOW USER CAN BENEFIT FROM IT
🧪 Test the sustainability of a Martingale system with real chart data
👁️ Visualize the risks and impact of consecutive losses
📈 Explore risk vs. reward scenarios before deploying in real markets
🧰 Use it as a base template to build more advanced Martingale or grid-based systems
📚 Great for educational purposes to understand the mathematical drawdowns involved in doubling strategies
Disclaimer :
This Video is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Shivam mandai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Shivam mandai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.