E-mini S&P 500 Momentum Bot with Enhancements

default_qty_value=1)

// Inputs
lookback_period = input.int(2, "Lookback Period", minval=1, step=1) // Candles to check momentum
threshold_percent = input.float(0.05, "Threshold %", minval=0.05, step=0.05) // Momentum threshold
stop_loss_points = input.float(3, "Stop Loss (Points)", minval=1, step=1) // Stop loss in points
take_profit_points = input.float(25, "Take Profit (Points)", minval=1, step=1) // Take profit in points
qty = input.int(3, "Contracts", minval=1, step=1) // Number of contracts

// Define smoothing for momentum
sma_price_change = ta.sma(close - close[lookback_period], lookback_period)
sma_price_change_percent = (sma_price_change / close[lookback_period]) * 100

// Trend Filter (using a 50-period Simple Moving Average)
trend_filter = ta.sma(close, 49)

// Define signals
buy_signal = sma_price_change_percent > threshold_percent and close > trend_filter and strategy.position_size == 0
sell_signal = sma_price_change_percent < -threshold_percent and close < trend_filter and strategy.position_size == 0

// Execute trades with explicit order management (v6 feature)
if buy_signal
strategy.order("Long Entry", strategy.long, qty, stop=close - stop_loss_points, limit=close + take_profit_points)
if sell_signal
strategy.order("Short Entry", strategy.short, qty, stop=close + stop_loss_points, limit=close - take_profit_points)

// Trailing Stop (to lock profits)
trail_offset = 5 // Trailing stop offset (in points)
trail_price = strategy.position_size > 0 ? close - trail_offset : strategy.position_size < 0 ? close + trail_offset : na
strategy.exit("Exit Long", from_entry="Long Entry", trail_price=trail_price, trail_offset=trail_offset)
strategy.exit("Exit Short", from_entry="Short Entry", trail_price=trail_price, trail_offset=trail_offset)

// Close positions based on stop-loss or take-profit (handled automatically by v6 order params)
// Optional: Manual close if needed
if strategy.position_size > 0 and sell_signal
strategy.close("Long Entry")
if strategy.position_size < 0 and buy_signal
strategy.close("Short Entry")

// Visualize signals
plotshape(buy_signal, title="Buy", location=location.belowbar, color=color.green, style=shape.triangleup, size=size.small)
plotshape(sell_signal, title="Sell", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.small)
plot(trend_filter, color=color.blue, linewidth=1, title="50-period SMA (Trend Filter)")