This trend-following strategy executes a classic Donchian channel breakout system designed to cross-validate backtest results against external framework benchmarks. It triggers a long entry when the closing price breaks above the highest high of the prior entr
Strategy · Pine Script v6 · On the chart
BigStrategy
A simple price-action strategy that goes long on a bullish bar closing above the prior close with a higher high, and short on the mirror-image bearish bar.
GitHub stars1on the repository
Pine versionv6current
Lines of code30
Settings0inputs
LicenceAGPL-3.0
Last update4 days ago25 Oct 2026
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
30 lines of Pine Script v6 from scripts/big_strategy.pine, published under AGPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
strategy("BigStrategy", overlay=true, initial_capital=10000, default_qty_type=strategy.percent_of_equity, default_qty_value=100, commission_type=strategy.commission.percent, commission_value=0.1)
// ── Price-action conditions ─────────────────────────────────────────────────
longCondition = close > open and close > close[1] and high > high[1]
shortCondition = close < open and close < close[1] and low < low[1]
// ── Entries ─────────────────────────────────────────────────────────────────
if longCondition and bar_index > 10
strategy.entry("Long", strategy.long, qty=100, comment="bullish bar")
strategy.exit("Long Exit", "Long", stop=low * 0.97, limit=close * 1.08, trail_price=close * 0.03)
if shortCondition and bar_index > 10
strategy.entry("Short", strategy.short, qty=100, comment="bearish bar")
strategy.exit("Short Exit", "Short", stop=high * 1.03, limit=close * 0.92, trail_price=close * 0.03)
// ── Close on reversal ───────────────────────────────────────────────────────
if shortCondition and strategy.position_size > 0
strategy.close("Long", comment="reversed to short")
if longCondition and strategy.position_size < 0
strategy.close("Short", comment="reversed to long")
// ── Periodic close ──────────────────────────────────────────────────────────
if bar_index % 20 == 0 and strategy.position_size != 0
strategy.close_all(comment="periodic exit")
// ── Plots ───────────────────────────────────────────────────────────────────
plot(close, "Close", color=color.white, linewidth=1)
plot(open, "Open", color=color.gray, linewidth=1)
Overview
Each entry comes with a stop, a limit and a trailing value set as percentages of price. It also closes a position when the opposite signal appears and closes everything every twentieth bar. Orders use the full equity setting with a percentage commission, and it plots close and open on the price chart.
- Bar-pattern long and short entries
- Percentage stop, limit and trail on each entry
- Reversal and periodic closing rules
- Percent-of-equity sizing with commission
- Plots open and close lines
Details
Published by
hoox-sh on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
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.
Repository
Topics
algorithmic-tradingcloudflare-workersedgepine-scriptpynepythontradinghoox
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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