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
Greedy Strategy
A strategy that places stop entry orders around price gaps and recent candles.
GitHub stars1on the repository
Pine versionv6current
Lines of code39
Settings3inputs
LicenceNone stated
Last update1 year ago1 Mar 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
Greedy Strategy buys on a stop above the previous high after an upward gap, sells on a stop below the previous low after a downward gap, and adds same-direction entries when the open position's current candle runs with it. Exits are order pairs at fixed tick distances for take profit and stop loss, set by two inputs. Pyramiding is set to 100, and a daily cap limits filled orders.
- Stop entries on price gaps and candle direction
- Take profit and stop loss in ticks
- Pyramiding up to 100 entries
- Daily limit on filled orders
Details
Published by
ivansoft on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Topics
pinescripttradingvew
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| tp | int | 10 | tp |
| sl | int | 10 | sl |
| Max Intraday Filled Orders | int | 5 | maxidf |
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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