This script monitors opening gap conditions and breakout behavior relative to the first candle's range across up to twenty configurable stock tickers. It detects whether following bars remain inside the opening range before breaking out, displaying the status
Strategy · Pine Script v6 · On the chart
Breakout Candle Strategy V24
This strategy wraps a breakout candle system in a framework that handles position sizing, trade tracking and logging.
GitHub stars1on the repository
Pine versionv6current
Lines of code951
Settings28inputs
LicenceNone stated
Last update10 months ago14 Dec 2025
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
Settings cover a gap zone block around midnight in the Prague time zone, the number of candles in an accumulation zone, a risk percentage per trade, two position portions with their own R targets, and a daily drawdown stop. It also offers a date range filter, a trade log table and CSV output. It relies on several imported libraries and allows up to three entries in one direction.
- Gap zone trading block by time zone
- Two position portions with R targets
- Daily drawdown limit
- Trade statistics and CSV trade log
Details
Published by
Arisamin on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time
Markets
Forex
Timeframes
M15-H1
Risk Notes
- The strategy can add several entries in the same direction
Topics
pinescripttrading
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Gap Zone Block | bool | true | enableGapZoneBlock |
| Defaults to FTMO time Zone (CET/CEST) | string | Europe/Prague | tradeServerTimeZone |
| Start Hour and Minute | int | 23 | gapZoneStartHour |
| gapZoneStartMinute | int | 55 | gapZoneStartMinute |
| End Hour and Minute | int | 0 | gapZoneEndHour |
| gapZoneEndMinute | int | 5 | gapZoneEndMinute |
| Num of candles in accumulation zone | int | 9 | accumulationCandlesCount |
| Account size per Pair | int | 150000 | accountSizeForPair |
| Total Risk (%) | float | 0.5 | totalRiskPercent |
| FVGB 'bigger' ratio | float | 1 | fvgbBiggerRatio |
| Position 1 Portion | float | 0 | pos1 |
| Position 1 R | float | 0.3 | pos1R |
Show all 28 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Position 2 Portion | float | 1 | pos2 |
| Position 2 R | float | 2 | pos2R |
| Maximum drawdown for the day threshold (%) | float | 5 | stopTradingDayThreshold |
| Maximum trade cost threshold (%) | float | 10 | thresholdExpanseRate |
| Type of trades to take | string | Both | tradesToTake |
| Lot Size Multiplier For Strategy Tester | float | 1 | strategyTesterLotSizeMultiplier |
| Send alert on next candle closing anyway | bool | false | debugRunNow |
| Enable Backtesting Range Filtering | bool | false | enableFilter |
| Start Date | time | timestamp("20 Jul 2025 00:00 +0300") | fromDate |
| End Date | time | timestamp("20 Aug 2025 00:00 +0300") | toDate |
| Test Code | bool | false | enableTestCode |
| Avg num of days in trade | int | 3 | _expectedTradeDurationInDays |
| Print Trade Log After Bar Index | bool | false | printCsv |
| Selected Bar Index (see table on chart) | int | 0 | selectedBarIndex |
| Print From Row | int | -1 | fromRow |
| To Row | int | -1 | toRow |
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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