Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s
Strategy · Pine Script v6 · On the chart
My First Strategy
This strategy plots an exponential moving average on the price chart and opens a long position when the close crosses above that average, but only when no position is already open.
GitHub stars1on the repository
Pine versionv6current
Lines of code28
Settings3inputs
LicenceMPL-2.0
Last update4 days ago26 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
28 lines of Pine Script v6 from scripts/first-strategy.pine.txt, published under MPL-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
strategy("My First Strategy", overlay = true, initial_capital = 10000,
default_qty_type = strategy.percent_of_equity, default_qty_value = 10,
commission_type = strategy.commission.percent, commission_value = 0.05,
slippage = 2)
// 1. Settings you can change later
emaLen = input.int(50, "Trend average length")
stopPct = input.float(2.0, "Stop loss %", step = 0.5)
takePct = input.float(4.0, "Take profit %", step = 0.5)
// 2. The trend line
trend = ta.ema(close, emaLen)
plot(trend, "Trend", color.orange, 2)
// 3. The entry rule: price closes back above the trend line
buySignal = ta.crossover(close, trend)
// 4. Place the order, but only if we are not already in a trade
if buySignal and strategy.position_size == 0
strategy.entry("Long", strategy.long)
// 5. Stop loss and take profit, measured from the entry price
entryPrice = strategy.position_avg_price
stopPrice = entryPrice * (1 - stopPct / 100)
takePrice = entryPrice * (1 + takePct / 100)
if strategy.position_size > 0
strategy.exit("Exit", "Long", stop = stopPrice, limit = takePrice)
Overview
My First Strategy exits with a percentage stop loss and a percentage take profit measured from the average entry price. The average length, stop percentage, and take-profit percentage are user inputs. Position size defaults to a share of equity, and the strategy includes commission and slippage. It does not open short trades.
- Exponential moving average trend line
- Long entry on close crossing above the average
- Percentage stop loss and take profit
- Percent-of-equity position sizing
- Commission and slippage settings
Details
Published by
jayadevrana on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
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.
Topics
algorithmic-tradingbacktestingema-crossoverpine-scriptpine-script-v6pinescriptrsitechnical-analysistrading-automationtrading-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trend average length | int | 50 | emaLen |
| Stop loss % | float | 2.0 | stopPct |
| Take profit % | float | 4.0 | takePct |
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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