OPEN-SOURCE SCRIPT
BEST Trailing Stop Strategy

Hello traders
Here we go again.... with the second strategy snippet.
Reminder: the first snipper was a Trailing Profit strategy script
What's on the menu?
A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor's favor.
The order closes the trade if the price changes direction by a specified percentage or dollar amount.
Trigger me I'm famous
I developed many trading strategies in my career and often I've been asked to trigger a trailing-stop once a certain % move has been made.
On the screenshot below, the SL trigger is plotted in maroon.
Once the price goes past that level for the first time, I'll start trailing the trailing stop level.
In other words, when we see a price makes an interesting move in percentage value - we decide to trail the stop for at least not losing any more
All the BEST
Dave
Here we go again.... with the second strategy snippet.
Reminder: the first snipper was a Trailing Profit strategy script
What's on the menu?
A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor's favor.
The order closes the trade if the price changes direction by a specified percentage or dollar amount.
Trigger me I'm famous
I developed many trading strategies in my career and often I've been asked to trigger a trailing-stop once a certain % move has been made.
On the screenshot below, the SL trigger is plotted in maroon.
Once the price goes past that level for the first time, I'll start trailing the trailing stop level.
In other words, when we see a price makes an interesting move in percentage value - we decide to trail the stop for at least not losing any more
All the BEST
Dave
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
⭐️ Listed as an Official TradingView Trusted TOP Pine Programmer
📧 Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
⏩ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
📧 Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
⏩ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
⭐️ Listed as an Official TradingView Trusted TOP Pine Programmer
📧 Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
⏩ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
📧 Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
⏩ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.