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
Notes de version:
- small refactoring
Notes de version:
- Update time_filters library version
Notes de version:
- Update time_filters library version
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- Use the 'chrono_utils' library for the date-time window filter
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