by 
This strategy runs on the price chart and enters long when a fast simple moving average crosses above a slow one, and short on the opposite cross, while closing the other side. Entries also need ATR above a filter, a pullback check, a minimum candle-body chang
Strategy · Pine Script v5 · On the chart
Multi-Order Breakout Strategy
This breakout strategy enters long positions when the price moves above the upper Bollinger Band, Parabolic SAR, and a 100-period exponential moving average, provided ATR confirms elevated volatility.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code52
Settings7inputs
LicenceNone stated
Last update1 year ago7 Oct 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
Multi-Order Breakout Strategy allows opening multiple scaled entries up to a user-defined limit. Position sizing is dynamically calculated based on account risk and stop loss percentage. Each order uses a fixed percentage stop loss, while all open positions are closed together when the price falls below the middle Bollinger Band or Parabolic SAR. It plots the moving average, Bollinger Bands, and Parabolic SAR directly on the price chart.
- Bollinger Band and Parabolic SAR breakout entry confirmation
- Dynamic position sizing based on risk percentage
- Multi-order scaling up to a configurable maximum position count
- ATR volatility filter using a 100-period simple moving average
- Fixed percentage stop loss for each entry order
Details
Published by
wynnforthework on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Volatility & bands, Moving averages, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Risk Per Trade | float | 1.0 | risk_per_trade |
| Lookback Period | int | 20 | lookback |
| Breakout Multiplier | float | 2.0 | breakout_mult |
| Stop Loss Percentage | float | 2.0 | stop_loss_percent |
| Maximum Open Positions | int | 5 | max_positions |
| ATR Period | int | 14 | atr_period |
| MA Length | int | 100 | ma_len |
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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