SMC Quant Engine is an intraday trading strategy that combines Smart Money Concepts with a quantitative scoring system. It identifies order blocks and fair value gaps aligned with higher-timeframe 240-minute moving averages, ADX trend strength, and volume. Ent
Strategy · Pine Script v5 · On the chart
Daily Loss Limit [Lab]
This strategy example enforces a daily loss limit.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code282
Settings6inputs
LicenceCustom licence
Last update11 months ago17 Nov 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
Daily Loss Limit [Lab] detects a new trading day, stores starting equity, and tracks the day's highest and lowest equity. Trading permission depends on whether the loss from the day's starting equity stays inside a percentage of starting equity or a fixed dollar cap. Inputs switch between those limits, show a statistics table, and set fast and slow moving-average lengths for the example strategy. It plots on the price chart. No stop loss appears in the supplied code.
- Percentage or fixed dollar daily loss limit
- New-day equity reset and intraday equity extremes
- Optional statistics table
- Fast and slow moving-average length inputs
- Percent-of-equity position sizing
Details
Published by
mitchell-917 on GitHub
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
M15-H1
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 |
|---|---|---|---|
| Max Daily Loss (% of Starting Equity) | float | 2.0 | maxDailyLossPct |
| Max Daily Loss ($) | float | 200.0 | maxDailyLossDollar |
| Use Percentage Limit | bool | true | usePercentLimit |
| Show Statistics Table | bool | true | showStats |
| Fast MA Length | int | 10 | maFastLen |
| Slow MA Length | int | 30 | maSlowLen |
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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