martingle trading bot

⚙️ Martingle Trading Bot — Complete Description

The Martingle Trading Bot is a fully automated volatility-band visualization system that demonstrates the principles of breakout-based market logic combined with martingale-style position scaling. It is designed purely for educational, analytical, and backtesting visualization purposes on TradingView.

This tool shows how a simple mathematical band system can be used to define intraday breakout regions, evaluate sequential trade logic, and visualize how martingale-style compounding affects a trade sequence when price fluctuates around daily reference levels.

🧠 Conceptual Overview
The system works on a simple yet powerful market observation: markets oscillate within short-term ranges and occasionally break out beyond expected volatility envelopes. To capture and visualize these events, the Martingle Trading Bot uses a daily reset mechanism that defines a reference price, builds trading bands around it, and triggers theoretical buy/sell signals when price exceeds certain thresholds.

📅 1️⃣ Daily Reference Price (Central Core)
Every trading day begins with a reference price — typically the daily open. This reference acts as the neutral center for the system’s calculations. The indicator resets this reference daily and adjusts when target zones are hit, maintaining realistic adaptive logic.

📊 2️⃣ Dynamic Bands and Target Zones
From the reference price, the indicator constructs two key structures:
- Primary Band Range – defines the immediate trading zone using the “band range.”
- Target Band Range – extends beyond the primary band to define logical take-profit zones.

Price action beyond these regions indicates directional expansion and potential breakout strength.

📈 3️⃣ Breakout Logic (Trade Signal Simulation)
- When price crosses the upper band → bullish breakout condition.
- When price crosses the lower band → bearish breakout condition.
Each breakout is visualized on the chart and represents a theoretical position change.

🧮 4️⃣ Martingale Position Scaling
When a breakout occurs against the prior position, the system multiplies or increments position size based on user-defined settings. This models martingale-style compounding and resets when a target is reached. It helps illustrate how scaling affects drawdown and recovery potential.

💹 5️⃣ Virtual PnL Tracking
The indicator keeps virtual stats of profit/loss, win rate, and trade count. These metrics are illustrative only — no live or guaranteed results are implied.

🧭 6️⃣ Visual Chart Elements
Buy/Sell labels, take-profit labels, quantities, and color-coded zones appear on the chart to clearly display trade logic and band structure.

⚙️ 7️⃣ User Inputs
- Band Range
- Target Distance
- Initial Quantity
- Martingle Quantity
- Gap Detection Point
- Label Display Toggles
- Optional end-of-day reset

🧩 8️⃣ Use Cases
Ideal for traders, developers, and educators who want to study breakout systems, risk progression, and position scaling.

⚠️ 9️⃣ Risk Disclosure
This is not a live trading bot. It does not execute trades or guarantee profit. Martingale logic carries significant risk — consecutive losses can exponentially increase exposure. Use for study purposes only.

📜 License and Credits
Developed by @algo_coders.
Licensed under the Mozilla Public License 2.0 (MPL 2.0).
Uses internal bar-counting functions for session management.

🧠 Summary
The Martingle Trading Bot combines volatility envelopes, daily resets, and martingale scaling to visualize compounding risk behavior. It is an educational research tool for understanding probability-based trading concepts — not financial advice or a trading signal provider.