Breakout Strategy with Custom TP…: Free TradingView Strategy (Pine Script)

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

Entries are verified through optional filters, including a 233 EMA trend filter, ATR volatility threshold, volume multiplier confirmation, RSI bounds, MACD direction, and trading session hours. Exits are controlled by customizable take-profit percentages and either swing-based or fixed percentage stop losses, with an optional 1:1 risk-to-reward mode. Plots swing high and low levels on the main price chart alongside optional MACD pane outputs.

Swing high and low breakout entry signals
Configurable swing-based or fixed percentage stop loss
Trend, volatility, volume, RSI, and MACD entry filters
Session time-of-day execution controls

Details

Published by

Aksee123 on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Crypto

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.

File

Breakout_strategy.pine

Repository

github.com/Aksee123/Breakout_Strategy

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Swing Window	`int`	`20`	`swingWindow`
Trading Direction	`string`	`both`	`direction`
Take Profit (%)	`float`	`1.0`	`tpPercent`
Stop Loss Type	`string`	`Swing SL`	`slType`
Fixed SL (%)	`float`	`1.0`	`fixedSlPercent`
Use 1:1 Risk-Reward (TP = SL)	`bool`	`false`	`useRR1`
Use 233 EMA Filter (Other Pairs)	`bool`	`true`	`useEMAFilter`
Use 233 EMA Filter (BTC Only)	`bool`	`true`	`useEMAFilterBTC`
Use ATR Volatility Filter	`bool`	`false`	`useATRFilter`
ATR Period	`int`	`14`	`atrPeriod`
Min ATR (% of price)	`float`	`0.5`	`minAtr`
Use Volume Filter	`bool`	`false`	`useVolumeFilter`

Show all 23 settings

Setting	Type	Default	Variable
Volume Multiplier	`float`	`1.2`	`volMultiplier`
Use Session/Time Filter	`bool`	`false`	`useSessionFilter`
Start Hour (UTC)	`int`	`8`	`startHour`
End Hour (UTC)	`int`	`20`	`endHour`
Use RSI Filter	`bool`	`false`	`useRSIFilter`
RSI Period	`int`	`14`	`rsiPeriod`
Use MACD Filter	`bool`	`false`	`useMACDFilter`
Plot MACD on Chart	`bool`	`false`	`plotMACD`
MACD Fast Length	`int`	`12`	`macdFastLength`
MACD Slow Length	`int`	`26`	`macdSlowLength`
MACD Signal Length	`int`	`9`	`macdSignalLength`

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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