Robot Forex BREAKOUT EUR/USD 5MI…: Free TradingView Strategy (Pine Script)

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

176 lines of Pine Script v4 from [EA]Breakout EURUSD 5Min.pinescript, published under MIT. Keep the author's credit and licence lines when you reuse it.

[EA]Breakout EURUSD 5Min.pinescript

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Sanji_Moku

//@version=4
strategy("Robot Forex BREAKOUT EUR/USD 5MIN - Ichimoku", shorttitle="BREAKOUT EUR/USD 5MIN" ,overlay=true, initial_capital=10000)

// ------- Ichimoku INPUT ------- //
TenkanLen = input(9, title = "Tenkan-Sen", minval = 1)
KijunLen =  input(26, title = "Kijun-Sen", minval = 1)
SSBLen =    input(52, title = "Senkou Span B", minval = 1)
Offset = input(26, title = "Offset", minval = 1)
ShowTwist = input(false, title = "Show Twist")
Show_all_Ichimoku_Lines = input(false, title = "Show Ichimoku lines")
// ------- Session INPUT ------- //
// Get user input
mySession = input(title="Session Trading", type=input.session, defval="0200-0400")
inputHauteurRange = input(title="Hauteur du range (pips)", defval=20, minval=1)*10

risk_per_trade = input(title="Risk par trade (%)",type=input.float,minval=1,maxval=100,step=0.5,defval=2)
tp_multi = input(title="Ratio Take Profit en % (%)",type=input.float,minval=1,maxval=100,step=0.1,defval=3)
nbrpips = input(title="Stop Loss en Pips",type=input.integer,minval=1,maxval=100,step=0.1,defval=10)*10

// ------- FONCTIONS ------- //
mediumHL(len) => avg(highest(len),lowest(len)) // Calculate average between highest and lowest from current candle to len
InSession(session) => na(time(timeframe.period, session)) == false  // InSession() determines if a price bar falls inside the specified session

// ------- ICHIMOKU VALUES ------- //
TenkanValue = mediumHL(TenkanLen)
KijunValue = mediumHL(KijunLen)
SSAValue = avg(TenkanValue,KijunValue)
SSBValue = mediumHL(SSBLen)
Chikou = close

// ------- OTHERS VALUES ------- //
timeOffset = time - time[1]
rightTimeOffset = timeOffset * Offset


var inRange = false
var entree = 0.0
hautRange = highest(SSBLen)
basRange = lowest(SSBLen)
hauteurRange = (hautRange - basRange) < syminfo.mintick * inputHauteurRange

// ------- CONDITIONS ------- //

twist = (SSAValue[1] > SSBValue[1] and SSAValue[0] < SSBValue[0]) or (SSAValue[1]<SSBValue[1] and SSAValue[0]>SSBValue[0]) or (SSAValue[0] == SSBValue[0])
breakOutHaut = close > hautRange[1]
breakOutBas = close < basRange[1]


var start_trail = 0.0

if twist and hauteurRange
    inRange := true
    
if inRange[1] and (breakOutHaut or breakOutBas)
    inRange := false
    

if (strategy.position_size[1] == 0) and (strategy.position_size != 0) // New position entry
    entree := open

newpos = (strategy.position_size[1] == 0) and (strategy.position_size != 0)
conditionLong = inRange[1] and breakOutHaut and InSession(mySession) and hauteurRange[1] and (twist[1] or twist[2])
conditionShort = inRange[1] and breakOutBas and InSession(mySession) and hauteurRange[1] and (twist[1] or twist[2])


//ENTRY AND EXIT


var SL_from_Long = close - nbrpips * syminfo.mintick
var TP_from_Long = close + nbrpips * 2 * syminfo.mintick
SL_from_Long := strategy.position_size == 0 ? close - nbrpips * syminfo.mintick : SL_from_Long[1]
TP_from_Long := strategy.position_size == 0 ? close + nbrpips * tp_multi * syminfo.mintick : TP_from_Long[1]
//var SL_from_Long = (KijunValue[1] - 20 * syminfo.mintick )
//var TP_from_Long = close +(close - SL_from_Long) * tp_multi
//SL_from_Long := strategy.position_size == 0 ? (KijunValue[1] - 20 * syminfo.mintick ): SL_from_Long[1]
//TP_from_Long := strategy.position_size == 0 ? close +(close - SL_from_Long) * tp_multi : TP_from_Long[1]

var SL_from_Short = close + nbrpips * syminfo.mintick
var TP_from_Short = close - nbrpips * 2 * syminfo.mintick
SL_from_Short := strategy.position_size == 0 ? close + nbrpips * syminfo.mintick : SL_from_Short[1]
TP_from_Short := strategy.position_size == 0 ? close - nbrpips * tp_multi * syminfo.mintick : TP_from_Short[1]
//var SL_from_Short = (KijunValue[1] + 20 * syminfo.mintick )
//var TP_from_Short = close - (SL_from_Short - close) * tp_multi
//SL_from_Short := strategy.position_size == 0 ? (KijunValue[1] + 20 * syminfo.mintick ): SL_from_Short[1]
//TP_from_Short := strategy.position_size == 0 ? close - (SL_from_Short - close) * tp_multi : TP_from_Short[1]



//plot(stopLoss,"stopLoss")
//plot(TP_from_Long,"TP_from_Long")
//close * 0.00200 / syminfo.mintick 
//start_trail := newpos ? close * 0.00200 / syminfo.mintick : start_trail[1]
//var stop_trail = 0.0
//stop_trail := if (strategy.position_size > 0)
//    stopValue = close * 0.00100 / syminfo.mintick
//    max(stopValue, stop_trail[1])
//else
//    0
    
strategy.risk.max_intraday_filled_orders(2)


riskEquity  = risk_per_trade * strategy.equity * 0.01
entryPrice = close 
posSize     = riskEquity / (entryPrice - SL_from_Long)
posSizeShort     = riskEquity / (SL_from_Short - entryPrice )

strategy.entry("Long Breakout", strategy.long, qty=posSize, when=conditionLong)
strategy.exit("Stop Long","Long Breakout", stop = SL_from_Long, limit = TP_from_Long)
//strategy.exit("Stop Long","Long Breakout", stop = stopLoss, trail_points=start_trail, trail_offset=stop_trail)

strategy.entry("Short Breakout", strategy.short,qty=posSizeShort, when=conditionShort)
strategy.exit("Stop Short","Short Breakout", stop = SL_from_Short, limit = TP_from_Short)

//vente() =>
   //risk = risk_per_trade * strategy.equity
    //stopLoss = high[1] + atr[1] * atr_mult
    //lot = risk / (stopLoss - close)
    //strategy.entry("Short Breakout", strategy.short,lot)
    //strategy.exit("Stop Short","Short Breakout",  trail_points=slPoints, trail_offset=slOffset)




//PLOT FIXED TP , SL AND ENTRY
line_entree = plot(strategy.position_size != 0 ? entree : na , color=color.black, style=plot.style_linebr)

// = plot(strategy.position_size > 0 ? stop_trail/100 : na, style=plot.style_linebr, color=color.orange, linewidth=1, title="Stop trail")
//lineStart_Trail_from_Long = plot(strategy.position_size > 0 ? start_trail/100 : na, style=plot.style_linebr, color=color.green, linewidth=1, title="Activate Trail SL")
//lineSL_from_Long = plot(strategy.position_size > 0 ? stopLoss : na, style=plot.style_linebr, color=color.red, linewidth=1, title="Long Fixed SL")

//fill(lineStop_trail_from_Long, lineStart_Trail_from_Long, color=color.orange)
//fill(lineStart_Trail_from_Long, line_entree, color=color.green)
//fill(line_entree, lineSL_from_Long, color=color.red)

lineTP_from_Long = plot(strategy.position_size > 0 ? TP_from_Long : na, style=plot.style_linebr, color=color.green, linewidth=1, title="Short Take Profit")
lineSL_from_Long = plot(strategy.position_size > 0 ? SL_from_Long : na, style=plot.style_linebr, color=color.red, linewidth=1, title="Short Fixed SL")
fill(lineTP_from_Long, line_entree, color=color.green)
fill(line_entree, lineSL_from_Long, color=color.red)

lineTP_from_Short = plot(strategy.position_size < 0 ? TP_from_Short : na, style=plot.style_linebr, color=color.green, linewidth=1, title="Short Take Profit")
lineSL_from_Short= plot(strategy.position_size < 0 ? SL_from_Short : na, style=plot.style_linebr, color=color.red, linewidth=1, title="Short Fixed SL")

fill(lineTP_from_Short, line_entree, color=color.green)
fill(line_entree, lineSL_from_Short, color=color.red)

//PLOT ICHIMOKU LINES
plot(Show_all_Ichimoku_Lines ? TenkanValue : na, title = "Tenkan-Sen", color = color.red, linewidth = 1)
plot(Show_all_Ichimoku_Lines ? KijunValue : na , title = "Kijun-Sen", color = color.blue, linewidth = 1)
plot(Show_all_Ichimoku_Lines ? SSAValue : na , title = "Senkou Span A", color = color.orange, linewidth = 2, offset = Offset)
plot(Show_all_Ichimoku_Lines ? SSBValue : na , title = "Senkou Span B", color = color.aqua, linewidth = 2, offset = Offset)
plot(Show_all_Ichimoku_Lines ? Chikou : na , title = "Chikou Span", color = color.black, linewidth = 1, offset = -Offset)

//PLOT HAUT ET BAS RANGE
plot(inRange and hauteurRange ? hautRange : na, style=plot.style_linebr, title="Haut range", color=color.black, linewidth = 2)
plot(inRange and hauteurRange ? basRange : na, style=plot.style_linebr, title="Bas range", color=color.black, linewidth = 2)


//PLOT TRADING SESSION
bgcolor(color=InSession(mySession)? color.red : na, title="Trading Session", transp=96)

//PLOT TWIST
if (ShowTwist and twist and hauteurRange)
    
    label = label.new(
     x = time + rightTimeOffset, 
     y = SSBValue, 
     xloc = xloc.bar_time, 
     yloc = yloc.price,
     color = color.new(color.black, 50), 
     style = label.style_circle, 
     size = size.tiny
     )

Overview

Robot Forex BREAKOUT EUR/USD 5MIN - Ichimoku marks a compressed range when the Senkou spans twist and the range height stays under a pip limit. It enters long on a close above the prior range high, or short below the prior low, only inside the selected session and after a recent twist. Position size follows a percentage of capital. Exits use a pip stop and a take-profit multiple of that stop. Ichimoku lengths, session hours, range height, risk, stop, and reward ratio are adjustable. The script is intended for the five-minute chart.

Ichimoku cloud twist filter
Session-limited breakout entries
Range height limit in pips
Percentage risk position sizing
Pip stop and take-profit multiple

Details

Published by

Sanji-dev on GitHub

Code credit

Sanji_Moku, as written in the script's header

Type

Strategy, Pine Script v4

Draws

On the price chart

Markets

Forex

Timeframes

M1-M5

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.

File

[EA]Breakout EURUSD 5Min.pinescript

Repository

github.com/Sanji-dev/Trading-Robot-pinescript. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Tenkan-Sen	`int`	`9`	`TenkanLen`
Kijun-Sen	`int`	`26`	`KijunLen`
Senkou Span B	`int`	`52`	`SSBLen`
Offset	`int`	`26`	`Offset`
Show Twist	`bool`	`false`	`ShowTwist`
Show Ichimoku lines	`bool`	`false`	`Show_all_Ichimoku_Lines`
Session Trading	`session`	`0200-0400`	`mySession`
Hauteur du range (pips)	`int`	`20`	`inputHauteurRange`
Risk par trade (%)	`float`	`2`	`risk_per_trade`
Ratio Take Profit en % (%)	`float`	`3`	`tp_multi`
Stop Loss en Pips	`int`	`10`	`nbrpips`

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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