OPEN-SOURCE SCRIPT
Trend Following and Swing Strategy (<30% DD) for CashFlow
Strategy Explanation
Multi-Level Take Profit
TP1 triggers partial profit (50% of position) at +15%.
TP2 closes remaining 50% at +30%.
This locks in some gains early (helpful for consistent cashflow) but still leaves room to capture bigger trends.
Stop-Loss & RSI Exit
A 15% stop-loss is configured; adjust to match volatility.
If RSI < 50 or price dips below the 200 EMA, strategy closes the entire long.
Drawdown Control (<30%)
We track peak equity. If the strategy drawdown goes beyond 30%, it closes all open trades (strategy.close_all).
Entry Filters
Only enters if:
Volume above 1M (liquidity),
ADX > 25 (stock is trending),
RSI > 60 (bullish momentum),
ATR > 2 (enough daily range),
Price > 200 EMA (overall uptrend).
Multi-Level Take Profit
TP1 triggers partial profit (50% of position) at +15%.
TP2 closes remaining 50% at +30%.
This locks in some gains early (helpful for consistent cashflow) but still leaves room to capture bigger trends.
Stop-Loss & RSI Exit
A 15% stop-loss is configured; adjust to match volatility.
If RSI < 50 or price dips below the 200 EMA, strategy closes the entire long.
Drawdown Control (<30%)
We track peak equity. If the strategy drawdown goes beyond 30%, it closes all open trades (strategy.close_all).
Entry Filters
Only enters if:
Volume above 1M (liquidity),
ADX > 25 (stock is trending),
RSI > 60 (bullish momentum),
ATR > 2 (enough daily range),
Price > 200 EMA (overall uptrend).
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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