Trailing Take Profit

This script demonstrates how to do trailing take profit. With this approach instead of setting a limit order, when you hit the target you just follow the price upwards (for long positions) and you sell when the price drops by a small percentage. This approach will increase the profits (slightly) in every strategy! Be aware that the simulated data may produce unrealistic results.

Notes de version

Add min and max input val
Simplify the strategy order commands
Simplify long Take profit price plot command

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Use close source to define the profit price
Set offset to the plot of TP price

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Check if time is within backtest period to prevent unecesary calculation and print inside the area of interest
Replace deprecated transp argument with color.new

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Use strategy.percent_of_equity
Draw lines with width 1

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Update pinescript to V5
Take profit step to 0.05 deviation to 0.01
Transparency deprecation fix

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Let's face it a Green-Red color model is more intuitive!

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Happy New Year!
Many code refactorings and optimizations to better use this script as a template and plug your own strategy at ease

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(minor) refactoring

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Use time_filters library

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Minor revision update

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Replace deprecated "when=" with if statements in strategy calls

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Change fastMA default color to yellow

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Increase max labels to 150
Increase max lines to 150
Minor refactoring

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Update time_filters library

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Some minor label/color changes

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small refactoring

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Update time_filters library version

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Update time_filters library version

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Use the 'chrono_utils' library for the date-time window filter

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Add different alert messages per event
Update 'chrono_utils' library

Notes de version

Update to pinescript version 6

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

jason5480

📧 Contact info
Telegram: @jason5480

🔗 Addresses
₿ - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7

* Please contact me before any donation ☕

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Script open-source

jason5480

📧 Contact info
Telegram: @jason5480

🔗 Addresses
₿ - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7

* Please contact me before any donation ☕