Hercules Srategy: 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

Hercules Srategy enters long positions on large bullish candles and short positions on large bearish candles, with an option to invert signals. Entries can be filtered by trading session, moving average direction, previous candle behavior, and daily open levels. Position exits are managed using an automated risk-to-reward target calculation or alternate fixed percentage and price stops and targets. All signals overlay on the main price chart.

Lightning candle body size momentum entry
Automated risk-to-reward ratio calculation
Customizable trading session filter
Optional moving average trend filter
Invert signal mode

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Forex

Timeframes

M1-M5, M15-H1

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

Tradingview/hercules-srategy.pine

Repository

github.com/g-moe/Trading-Indicators. See its other scripts in the library

Settings

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

Setting	Type	Default	Variable
Inverse Signals	`bool`	`false`	`inverse_settings`
Lightning⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀	`int`	`500`	`min_ticks`
What trades should be taken ?⠀ ⠀	`string`	`BOTH`	`tradeType`
Trading Session	`session`	`0900-1600`	`trading_session`
Previous Candle Filter⠀⠀⠀⠀	`bool`	`false`	`use_prev_candle`
	`timeframe`		`prev_tf`
MA Filter	`bool`	`false`	`use_ma`
	`string`	`SMA`	`ma_type`
	`source`	`close`	`ma_source`
	`int`	`50`	`ma_length`
Prior Days Range⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀	`string`	`Outside`	`prev_day_range`
Daily Open Filter⠀⠀⠀ ⠀⠀⠀⠀	`bool`	`false`	`use_day_open`

Show all 25 settings

Setting	Type	Default	Variable
	`session`	`0930-0931`	`day_open`
Continuous Mode	`bool`	`false`	`continuous`
R:R Auto-Calculation	`bool`	`true`	`use_rr_tp`
rr_tp	`float`	`2.0`	`rr_tp`
Alt Target⠀⠀ ⠀⠀⠀⠀⠀	`bool`	`false`	`use_tp`
tp_amount	`float`	`1.00`	`tp_amount`
tp_type	`string`	`Percent`	`tp_type`
Alt Stop Loss⠀ ⠀⠀⠀⠀	`bool`	`false`	`use_sl`
sl_amount	`float`	`1.00`	`sl_amount`
sl_type	`string`	`Percent`	`sl_type`
TP R:R	`float`	`2.0`	`tp`
Backtesting Start Time	`time`	`timestamp('01 Jan 2021 13:30 +0000')`	`backtest_start`
Backtesting End Time	`time`	`timestamp('01 Dec 2023 19:30 +0000')`	`backtest_end`

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.

Similar Pine Scripts

BTCUSD 5M Optimized Strategy

by Ahmed-GoCode

53

This strategy enters long or short on the price chart when price is on the correct side of a 200-period EMA, MACD agrees, RSI is not at the opposing extreme, ADX exceeds a threshold, volume beats a 20-bar average, and close breaks the recent high or low. A tim

Strategy v6 TrendOscillators & momentum

Updated 2 months ago · MPL-2.0

Turtle MACD Time-Zone Filter

by skywalker0803r

42

This strategy enters long when price closes above the prior Donchian high and short when it closes below the prior Donchian low, only while flat and inside a Taipei-hour window. It exits on a MACD histogram reversal or through an ATR stop and a percentage take

Strategy v5 BreakoutOscillators & momentum

Updated 2 months ago · None stated

Morning Scalp

by benso87

24

This strategy tracks an opening session time range to establish directional bias and triggers pullback trades using Stochastic RSI. Once price breaks out of the initial range, it establishes a directional bias and enters when the Stochastic RSI crosses over in

Strategy v5 Sessions & timeBreakout

Updated 4 years ago · MPL-2.0

ORB + Fib + MACD Strategy

by alboogycOdR

6

This strategy builds a timed opening range and tracks session high and low on the price chart. It flags bullish and bearish breakouts of that range and uses Fibonacci levels for an entry zone, a default stop, and an optional take-profit extension. Take profit

Strategy v5 BreakoutSupport & resistance

Updated 7 months ago · None stated

Gap and Go

by Basant1Saini

1

This strategy trades opening gap continuation on the price chart. It measures the gap between the daily open and the prior daily close, then enters long after a qualifying gap up or short after a qualifying gap down when price stays beyond the open and a trend

Strategy v5 BreakoutOscillators & momentum Repaints

Updated 8 months ago · None stated

Hotch Break Strat

by rajatjpatel

1

A strategy that combines several filters on one chart. Components include an ignition bar marker based on a candle body retracement percentage, fractal detection, three configurable moving averages, an RSI with overbought and oversold levels, a trading range l