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Strategy · Pine Script v6 · On the chart
PF TV golden 40 - bracket TP/SL
This validation strategy executes on the price chart to test bracket order execution.
GitHub stars1on the repository
Pine versionv6current
Lines of code27
Settings0inputs
LicenceApache-2.0
Last update5 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
27 lines of Pine Script v6 from validation/bracket-exit-tp-sl-fixed-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 TV golden 40 - bracket exit TP/SL
//
// Purpose: isolate strategy.exit(limit, stop) on a simple periodic long entry.
// 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 TV golden 40 - bracket TP/SL", shorttitle="PF_G40_BRACKET", 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)
enterLong = hour == 0 and minute == 15 and strategy.position_size == 0
if enterLong
strategy.entry("L", strategy.long, qty=1, comment="periodic long")
if strategy.position_size > 0
entry = strategy.position_avg_price
strategy.exit("LX", "L", limit=entry * 1.004, stop=entry * 0.996, comment="bracket")
if strategy.position_size > 0 and hour == 6 and minute == 15
strategy.close("L", comment="timeout")
Overview
PF TV golden 40 - bracket TP/SL enters a single long position at 00:15 whenever flat, using a fixed quantity of one contract. Upon entry, it immediately places a bracket exit order with a 0.4% take-profit target and a 0.4% stop loss relative to the average entry price. An additional time-based rule closes active trades at 06:15. The script provides no user-configurable input parameters and functions purely as a diagnostic probe without technical indicators.
- Periodic long entry
- Bracket exit with take profit and stop loss
- Time-based timeout exit
- Fixed quantity order sizing
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Sessions & time
Markets
Crypto
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.
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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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