MSG Enhanced LEGO System Strategy: 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

MSG Enhanced LEGO System Strategy enters on range breakouts and exits with strategy exits, choosing among range, ATR, fixed-point, and risk-reward stop-loss and take-profit methods, with optional trailing, break-even, and partial exits. Settings change session hours and colors, position size, volume, trend, time, and range filters, plus daily loss, drawdown, and consecutive-loss limits. It draws boxes and trade levels on the price chart and can show a statistics table.

Multiple independent session ranges
Range breakout entries
Range, ATR, and risk-reward exits
Optional trailing stop and break-even
Trade statistics table

Details

Published by

alboogycOdR on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

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/msg-t1fx/msg-lego-t1fx_v3_strategy.pine

Repository

github.com/alboogycOdR/dev-projects. 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
sessionAEnabled	`bool`	`true`	`sessionAEnabled`
sessionAStartHour	`int`	`13`	`sessionAStartHour`
sessionAStartMinute	`int`	`0`	`sessionAStartMinute`
sessionAEndHour	`int`	`22`	`sessionAEndHour`
sessionAEndMinute	`int`	`0`	`sessionAEndMinute`
sessionAColor	`color`	`color.orange`	`sessionAColor`
Range	`bool`	`true`	`sessionAShowRange`
Trendline	`bool`	`false`	`sessionAShowTrendline`
Mean	`bool`	`false`	`sessionAShowMean`
VWAP	`bool`	`true`	`sessionAShowVWAP`
Max/Min	`bool`	`true`	`sessionAShowMaxMin`
sessionBEnabled	`bool`	`true`	`sessionBEnabled`

Show all 40 settings

Setting	Type	Default	Variable
sessionBStartHour	`int`	`8`	`sessionBStartHour`
sessionBStartMinute	`int`	`0`	`sessionBStartMinute`
sessionBEndHour	`int`	`17`	`sessionBEndHour`
sessionBEndMinute	`int`	`0`	`sessionBEndMinute`
sessionBColor	`color`	`color.blue`	`sessionBColor`
Range	`bool`	`true`	`sessionBShowRange`
Trendline	`bool`	`false`	`sessionBShowTrendline`
Mean	`bool`	`false`	`sessionBShowMean`
VWAP	`bool`	`false`	`sessionBShowVWAP`
Max/Min	`bool`	`false`	`sessionBShowMaxMin`
sessionCEnabled	`bool`	`true`	`sessionCEnabled`
sessionCStartHour	`int`	`0`	`sessionCStartHour`
sessionCStartMinute	`int`	`0`	`sessionCStartMinute`
sessionCEndHour	`int`	`9`	`sessionCEndHour`
sessionCEndMinute	`int`	`0`	`sessionCEndMinute`
sessionCColor	`color`	`color.fuchsia`	`sessionCColor`
Range	`bool`	`true`	`sessionCShowRange`
Trendline	`bool`	`false`	`sessionCShowTrendline`
Mean	`bool`	`false`	`sessionCShowMean`
VWAP	`bool`	`false`	`sessionCShowVWAP`
Max/Min	`bool`	`false`	`sessionCShowMaxMin`
msg1Enabled	`bool`	`false`	`msg1Enabled`
msg1StartHour	`int`	`23`	`msg1StartHour`
msg1StartMinute	`int`	`0`	`msg1StartMinute`
msg1EndHour	`int`	`1`	`msg1EndHour`
msg1EndMinute	`int`	`0`	`msg1EndMinute`
msg1Color	`color`	`color.yellow`	`msg1Color`
Range	`bool`	`false`	`msg1ShowRange`

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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