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Strategy · Pine Script v5 · On the chart
Git Pine Script v5 Template
Acts as a modular strategy boilerplate designed for automated and manual trading strategies on the price chart.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code298
Settings33inputs
LicenceNone stated
Last update2 years ago19 Mar 2024
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
Git Pine Script v5 Template provides execution infrastructure including trade direction toggles, signal reversal, alternating orders, session filtering, and anti-news volatility delays. Exits are handled via fixed pip take profit and stop loss levels, recent swing high or low lookbacks with risk-reward ratios, or custom logic. Extensive safety inputs allow users to enforce max daily losses, equity drawdown ceilings, and post-loss candle cooldowns.
- Fixed pip take profit and stop loss options
- Swing high and low exits with risk-reward targets
- Drawdown and consecutive loss safety controls
- Trading session and backtest date range filters
- Signal alternation and direction reversal toggles
Details
Published by
sysvar on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Sessions & time
Markets
Forex
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
Repository
Topics
pinescripttemplatetradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pip Symbol Value | string | 10000 | sys_input_pip |
| Position Size | int | 500000 | sys_input_general_positionSize |
| Trade Direction | string | Both | sys_input_dire |
| Reverse Buy/Sell | bool | false | sys_input_dire_reverse |
| Alternate Between Buy & Sell | bool | false | sys_input_dire_alternate |
| (A) Take Profit / Stop Loss | bool | true | sys_input_exit_tpsl |
| (B) Take Profit / Trailing Stop (TODO) | bool | false | sys_input_exit_tpts |
| (C) Recent High/Low and Risk Reward Ratio | bool | false | sys_input_exit_hlrr |
| (D) Custom Exit | bool | false | sys_input_exit_cust |
| (A) Take Profit Pips | float | 9 | sys_input_risk_tpslProfit |
| (A) Stop Loss Pips | float | 4 | sys_input_risk_tpslLoss |
| (C) Lookback Period High/Low | int | 20 | sys_input_risk_hlrrLookBack |
Show all 33 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| (C) Extra Pips Above/Below | float | 0.5 | sys_input_risk_hlrrExtraPips |
| (C) Risk Reward Ratio | float | 1.5 | sys_input_risk_hlrrRiskReward |
| Lost Trade Wait Candles | int | 0 | sys_input_risk_waitLoss |
| News Pip Trigger | int | 7 | sys_input_risk_newsPips |
| News Trade Wait Candles | int | 10 | sys_input_risk_newsCandles |
| Enable Backtesting Dates | bool | false | sys_input_backtest_range |
| Start Date (UTC 0) | time | timestamp("14 Nov 2023 07:00 +0000") | sys_input_backtest_start |
| End Date (UTC 0) | time | timestamp("14 Nov 2023 19:00 +0000") | sys_input_backtest_end |
| Timezone | string | UTC | sys_input_time_zone |
| Allowed hours | session | 0700-1900 | sys_input_time_hours |
| Allowed Days | string | 123456 | sys_input_time_days |
| Enable Safety Settings | bool | false | sys_input_safety |
| Max Position Size | int | 9999999999999999 | sys_input_safety_positionSize |
| Max Drawdown Cash | int | 9999999999999999 | sys_input_safety_drawdownCash |
| Max Drawdown Account Equity % | int | 9999999999999999 | sys_input_safety_drawdownEquity |
| Max Consecutive Days Lost | int | 9999999999999999 | sys_input_safety_consLossDays |
| Max Intra-Day Trades | int | 9999999999999999 | sys_input_safety_intradayTrades |
| Max Day Cash Loss | int | 9999999999999999 | sys_input_safety_intradayLossCash |
| Max Day Account Equity % Loss | int | 9999999999999999 | sys_input_safety_intradayLossEquity |
| EMA Length | int | 9 | usr_input_ema_length |
| EMA Above/Below Pips | float | 0.5 | usr_input_ema_diff |
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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