Forven S01512 — Monday Drift is a calendar-based long trading strategy designed to exploit time-based recurring market patterns. It tracks UTC calendar days and hours to enter a long position at a specified day and hour, holding it for a fixed duration until a
Strategy · Pine Script v4 · On the chart
ABU Euroramp
This strategy executes a time-based long entry at 02:00 exchange time, targeted around the European market open.
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code20
Settings0inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
20 lines of Pine Script v4 from ABUs Euroramp.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("ABU Euroramp", overlay=true)
//Chicago timezone 9am Europe / 3am EST
if (hour == 2 and minute == 00)
strategy.entry("LE", strategy.long, comment="Long", qty = 2)
if (strategy.position_avg_price - 5 >= close)
strategy.exit("LE", comment = "Stop Loss", stop = strategy.position_avg_price - 5, qty_percent = 100)
if (strategy.position_size == 2)
if (close - strategy.position_avg_price >= 3)
strategy.close("LE", comment="TP 1", qty_percent = 50)
strategy.exit("LE", comment = "Stop BE", stop = strategy.position_avg_price + 0.5)
else
if (close - strategy.position_avg_price >= 10)
strategy.cancel("LE")
strategy.exit("LE", comment = "Trail Stop + 5", stop = strategy.position_avg_price + 5)
if (hour == 15 and minute == 00)
strategy.close_all(comment="Close EOD")
Expand (21 lines)
Overview
ABU Euroramp opens a position of two units and applies fixed-point profit and risk management. If price drops five points below the entry, a full stop loss triggers. When price gains three points, it takes partial profit on 50% of the position and adjusts the stop to breakeven plus 0.5 points. Further gains to ten points trail the stop to entry plus five points. Any remaining position is closed at 15:00.
- Time-based European session entry
- Partial profit taking at fixed point target
- Breakeven and trailing stop management
- End-of-day position close
Details
Published by
hasnocool on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Sessions & time
Markets
Forex, Indices
Timeframes
M15-H1, M1-M5
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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