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Strategy · Pine Script v6 · On the chart
PF Probe 51 - Trail Points Offset
This validation strategy tests TradingView trailing stop execution semantics using trail points and trail offset parameters without accompanying fixed stop or take-profit orders.
GitHub stars1on the repository
Pine versionv6current
Lines of code34
Settings2inputs
LicenceApache-2.0
Last update7 days ago23 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
34 lines of Pine Script v6 from validation/bracket-trail-points-with-offset-only-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe 51 - trail_points with trail_offset
//
// Purpose: isolate TradingView semantics for the legal trailing-stop pair
// trail_points + trail_offset without stop/limit siblings.
// TV setup: 15m chart, same symbol/window as data/ohlcv_ETH-USDT-USDT_15m.csv.
// Export TradingView "List of trades" to trades.csv in this folder.
//@version=6
strategy("PF probe 51 - trail points offset", shorttitle="PF_P51_TRAIL", overlay=true,
initial_capital=1000000,
commission_type=strategy.commission.percent, commission_value=0, slippage=0,
default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=1,
process_orders_on_close=false)
trailPts = input.float(80.0, "Trail Points", minval=1.0)
trailOff = input.float(40.0, "Trail Offset", minval=1.0)
if hour == 9 and minute == 15 and strategy.position_size == 0
strategy.entry("L", strategy.long, qty=1, comment="trail long")
if hour == 15 and minute == 15 and strategy.position_size == 0
strategy.entry("S", strategy.short, qty=1, comment="trail short")
if strategy.position_size > 0
strategy.exit("LX", "L", trail_points=trailPts, trail_offset=trailOff, comment="trail long")
if strategy.position_size < 0
strategy.exit("SX", "S", trail_points=trailPts, trail_offset=trailOff, comment="trail short")
if strategy.position_size != 0 and hour == 23 and minute == 45
strategy.close_all(comment="timeout")
Overview
PF Probe 51 - Trail Points Offset opens a long position at 09:15 and a short position at 15:15 when flat, tracking exits strictly through the configured trailing points and offset rules. Any remaining open positions are closed daily at 23:45. Overlayed directly on the price chart, its inputs allow customization of the trailing point threshold and offset distance.
- Trailing stop testing with point activation and offset
- Time-based long and short entry conditions
- End-of-day timeout exit mechanism
- Configurable trail points and trail offset inputs
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trail Points | float | 80.0 | trailPts |
| Trail Offset | float | 40.0 | trailOff |
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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