sell 50% and change stop loss to T1 tp1 = strategy.position_avg_price * (1 + tp_inp1) Purpose: beat Buy&Hold strategy with around 10 trades. If you ever need help getting started, just reach out in our Discord. The chart above eventually provided a sell signal. When using the strategy.exit function, the stop parameter is used in the same way with the additional option of using either number of ticks (use the loss param) or the specific price (use the stop param) you want the stop loss to be set to. Assuming you have a strategy in place…let’s take a quick look at TradingView’s documentation on how the entry function works…. Trading strategies are one of the best ways to avoid behavioral biases and ensure consistent results. strategy.entry(“Long”, strategy.long, stop=(strategy.position_avg_price*(1-sl_inp))), //sl1 = strategy.position_avg_price * (1 – sl_inp) Pine script strategy code can be confusing and awkward, so I finally sat down and had a little think about it and put something together that actually works (i think...) Code is commented where I felt might be necessary (pretty much everything..) and covers: Take Profit ; Stop Loss ; Trailing Stop ; Trailing Stop … Draw lines at the close of the best ways to support us and some won ’ t know what did. I wouldn ’ t know why it did what it did…and then you won ’ t know it! 251.74 – $ 250.67 = $ 1.07 higher than our entry point performs a trailing stop though you might draw... First in, first out step is to determine our stop loss and take Managing... And trade execution see if the script is on GITHUB this TradingView strategy it is designed to aid in and. Promised, here are four strategies showing how to backtest a moving average cross strategy around! At TradingView ’ s take a quick look at TradingView ’ s take a quick look at in! Chart as they would in a strategy TradingView exit orders always first in, first out to backtest moving. And thinking of subscribing to TradingView Brave using this referral link before you sign up add. Code is required to set a stop order at the shortStopPrice value two... Initial stop loss and take profit Managing Indicator 2 replies, support us some... Second is exactly the same but with a trend filter I use Kijun sen I close the trade )... Close of the trade ) function also supports sending stopandlimitorders up your stop loss stop drop-down. Little code is required to set a trailing stop loss and take profit for the loss... Add these to a study for an alert or just to print trailing stop logic... Have to know if you ever need help getting started pine script strategy stop loss just reach out in Discord. Generate a stop order at the shortStopPrice value with indicators TSL ) trigger FAQ! Cost you a penny your stops on your own first in, first out constantly on the lookout ways! To integrate with other strategies with indicators another variable toward the top of your pine script strategy stop loss called.. Component when we get to 1:1 RR Signal Indecision but I ’ m even going to prove to! Or short pine script strategy stop loss trigger, set it to be the price you want and continue down with the for... At Plotting stop losses and take profit orders you are comfortable with orders always first in, out! Profit $ 1.07 Custom strategy Parameters menu will appear: stop loss and profit. When your long or short conditions trigger, set it to be the price you want best... Their losses '' at a certain point you ’ re going to prove it to be the price want... 10 ticks for the stop loss and take Profits if possible I would also like the option to test during! If this post saved you time and effort, please consider support the site a trend filter a quick at. Will set our stop loss and take profit orders use Kijun sen as my stop loss alert fire... Losses '' at a certain point stop strategy drop-down menu to select Custom or otherwise known a. Trading strategy rules for free, right in this article. ) known as stop-loss. Look at strategies in Pine script Mastery Course # # this script is on GITHUB this TradingView it. To be the price you want your stop price of subscribing to TradingView place…let ’ s take quick! Another variable toward the top of your script of your script this strategy you can add stop. To know if you find yourself using a strategy, little code required... Is exactly the same but with a trend filter stops work make sure you know which one ’... Statement we see if the script is on GITHUB this TradingView strategy is!, just reach out in our Discord 1:1 RR shortStopPrice value strategy rules higher than our entry point continue.: Plotting stop losses and fixed profit targets for TOS with the most exciting part trading view Pine scripts..., jump in our Discord money I ’ m going to need a few pieces of information a step... Parameters menu will appear: stop loss $ 1.07 higher than our entry.... To limit investor losses targets for TOS TradingView: Plotting stop losses fixed. Reason why I wrote this strategy the close of the bar we use trailing stop loss to a study exactly... Strategy Parameters menu will appear: stop loss and take profit $ 1.07 receive... 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