This strategy overlays the price chart to trade DAX futures during European market hours. It calculates exponential and simple moving averages, RSI, MACD, Bollinger Bands, ATR, and realized volatility to simulate VIX levels. Trades execute when session time fi
Strategy · Pine Script v5 · On the chart
BB(10,2) + TP20 SameDay
This strategy draws Bollinger Bands on the price chart and enters long when both the open and the close are below the lower band.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code223
Settings9inputs
LicenceNone stated
Last update4 months ago20 Jun 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Mode S1 exits the same day at a 20 percent take profit or forces a close if that target is missed. Mode S2 can hold for a set number of days, take profit at a chosen percent, cut red candles, or force an exit at the hold limit. Session hours and equity position size control timing and size. There is no stop loss by default.
- Dynamic Bollinger Band long entries
- Same-day 20 percent take profit mode
- Hold mode with red candle cut
- IDX session time filter
- Percent of equity position sizing
Details
Published by
zraesdev-hub on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Mean reversion, Sessions & time
Markets
Stocks
Timeframes
H4 and above
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| BB Period | int | 10 | bbLen |
| BB Multiplier | float | 2.0 | bbMult |
| Strategy | string | S1: TP20 SameDay | stratMode |
| TP % (Hold) | float | 5.0 | tpPct |
| Max Hold Days | int | 3 | maxHold |
| Red Candle Cut | bool | true | useRedCut |
| Use Session Filter | bool | true | useSession |
| Session | session | 0900-1600 | sessionInput |
| Position Size % | float | 100.0 | posSize |
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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