OPEN-SOURCE SCRIPT
specific breakout FiFTO
Strategy Description: 10:14 Breakout Only
Overview This is a time-based intraday trading strategy designed to capture momentum bursts that occur specifically after the 10:14 AM candle closes. It operates on the logic that if price breaks the high of this specific candle within a short window, a trend continuation is likely.
Core Logic & Rules
The Setup Candle (10:14 AM)
The strategy waits specifically for the minute candle at 10:14 to complete.
Once this candle closes, the strategy records its High price.
Defining the Entry Level
It calculates a trigger price by taking the 10:14 High and adding a user-defined Buffer (e.g., +1 point).
Formula: Entry Level = 10:14 High + Buffer
The "Active Window" (Expiry)
The trade setup does not remain open all day. It has a strict time limit.
By default, the setup is valid from 10:15 to 10:20.
If the price does not break the Entry Level by the expiry time (default 10:20), the setup is cancelled and no trade is taken for the day.
Entry Trigger
If a candle closes above the Entry Level while the window is open, a Long (Buy) position is opened immediately.
Exits (Risk Management)
Stop Loss: A fixed number of points below the entry price.
Target: A fixed number of points above the entry price.
Visual & Automation Features
Visual Boxes: Upon entry, the strategy draws a "Long Position" style visual on the chart. A green box highlights the profit zone, and a red box highlights the loss zone. These boxes extend automatically until the trade closes.
JSON Alerts: The strategy is pre-configured to send data-rich alerts for automation (e.g., Telegram bots).
Entry Alert: Includes Symbol, Entry Price, SL, and TP.
Exit Alerts: Specific messages for "Target Hit" or "SL Hit".
Summary of User Inputs
Entry Buffer: Extra points added to the high to filter false breaks.
Fixed Stop Loss: Risk per trade in points.
Fixed Target: Reward per trade in points.
Expiry Minute: The minute (10:xx) at which the setup becomes invalid if not triggered.
Overview This is a time-based intraday trading strategy designed to capture momentum bursts that occur specifically after the 10:14 AM candle closes. It operates on the logic that if price breaks the high of this specific candle within a short window, a trend continuation is likely.
Core Logic & Rules
The Setup Candle (10:14 AM)
The strategy waits specifically for the minute candle at 10:14 to complete.
Once this candle closes, the strategy records its High price.
Defining the Entry Level
It calculates a trigger price by taking the 10:14 High and adding a user-defined Buffer (e.g., +1 point).
Formula: Entry Level = 10:14 High + Buffer
The "Active Window" (Expiry)
The trade setup does not remain open all day. It has a strict time limit.
By default, the setup is valid from 10:15 to 10:20.
If the price does not break the Entry Level by the expiry time (default 10:20), the setup is cancelled and no trade is taken for the day.
Entry Trigger
If a candle closes above the Entry Level while the window is open, a Long (Buy) position is opened immediately.
Exits (Risk Management)
Stop Loss: A fixed number of points below the entry price.
Target: A fixed number of points above the entry price.
Visual & Automation Features
Visual Boxes: Upon entry, the strategy draws a "Long Position" style visual on the chart. A green box highlights the profit zone, and a red box highlights the loss zone. These boxes extend automatically until the trade closes.
JSON Alerts: The strategy is pre-configured to send data-rich alerts for automation (e.g., Telegram bots).
Entry Alert: Includes Symbol, Entry Price, SL, and TP.
Exit Alerts: Specific messages for "Target Hit" or "SL Hit".
Summary of User Inputs
Entry Buffer: Extra points added to the high to filter false breaks.
Fixed Stop Loss: Risk per trade in points.
Fixed Target: Reward per trade in points.
Expiry Minute: The minute (10:xx) at which the setup becomes invalid if not triggered.
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.
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
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.
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.