by 
This strategy trades Donchian channel breakouts on the price chart and exits on a shorter Donchian channel. It sizes each unit from a percentage of equity and an ATR-based initial stop, then adds units as price moves a set ATR distance, up to a maximum unit co
Strategy · Pine Script v5 · On the chart
Optimized Multi-Order Breakout Strategy v2
This strategy enters multi-order long positions during volatility expansions when price breaks above the upper Bollinger Band.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code73
Settings11inputs
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
Entries require price alignment above Parabolic SAR, a 100 EMA, and a 200 EMA trend filter, alongside mid-range RSI and elevated ATR. Up to three positions can scale in using equity risk sizing. Exits trigger via percentage-based take profit, fixed stop loss, ATR trailing stops, or when price crosses below the middle Bollinger Band or Parabolic SAR. It plots Bollinger Bands, Parabolic SAR, and moving averages directly on the price chart.
- Multi-order breakout strategy with scaled position entries
- Dynamic position sizing calculated from equity risk percentage
- Multi-indicator filtering with Bollinger Bands, SAR, EMA, and RSI
- ATR-based trailing stops combined with fixed percentage exit targets
Details
Published by
wynnforthework on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Breakout, Volatility & bands, Oscillators & momentum
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 | 0.5 | risk_per_trade |
| Lookback Period | int | 20 | lookback |
| Breakout Multiplier | float | 2.0 | breakout_mult |
| Stop Loss Percentage | float | 1.5 | stop_loss_percent |
| Take Profit Percentage | float | 3.0 | take_profit_percent |
| Maximum Open Positions | int | 3 | max_positions |
| ATR Period | int | 14 | atr_period |
| MA Length | int | 100 | ma_len |
| RSI Period | int | 14 | rsi_period |
| RSI Overbought | int | 70 | rsi_overbought |
| RSI Oversold | int | 30 | rsi_oversold |
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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