Strategy · Pine Script v5 · On the chart

Strategy

by sibvic

This script serves as a boilerplate strategy template featuring modular trade execution and order management.

View on GitHub

GitHub stars33on the repository
Pine versionv5runs as is
Lines of code177
Settings23inputs
LicenceMIT
Last update4 years ago8 Nov 2021

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

177 lines of Pine Script v5 from templates/strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

strategy.pine
//@version=5
// Developed by ProfitRobots: https://github.com/sibvic/pinescript-templates
strategy("Strategy", overlay = true, pyramiding = 100)

// Trading module v 1.11
FromMonth = input.int(defval = 1,    title = "From Month", minval = 1)
FromDay   = input.int(defval = 1,    title = "From Day",   minval = 1)
FromYear  = input.int(defval = 2017, title = "From Year",  minval = 2014)
ToMonth   = input.int(defval = 1,    title = "To Month",   minval = 1)
ToDay     = input.int(defval = 1,    title = "To Day",     minval = 1)
ToYear    = input.int(defval = 9999, title = "To Year",    minval = 2014)
in_testing_range = (time > timestamp(FromYear, FromMonth, FromDay, 00, 00)) and (time < timestamp(ToYear, ToMonth, ToDay, 23, 59))

last_signal = 0
last_signal_prev = na(last_signal[1]) ? 0 : last_signal[1]
in_buy  = last_signal_prev > 0
in_sell = last_signal_prev < 0

// ==========
buy_signal        = TODO ? 1 : 0
sell_signal       = TODO ? 1 : 0
close_buy_signal  = in_buy  and TODO
close_sell_signal = in_sell and TODO
// ==========

max_positions = input(1, "Max positions")

Buy  = ta.change(buy_signal)  > 0 and (not in_buy  or last_signal_prev <  max_positions) and in_testing_range
Sell = ta.change(sell_signal) > 0 and (not in_sell or last_signal_prev > -max_positions) and in_testing_range

last_buy_price  = ta.valuewhen(Buy,  close, 0)
last_sell_price = ta.valuewhen(Sell, close, 0)

BuyBreakevenHit(be_type, last_price, trigger) =>
    hit = false
    if (be_type == "Pips")
        hit := (close - last_price) >= trigger * 10 * syminfo.mintick
    else
        hit := (100 * (close - last_price)) / last_price >= trigger
    hit

SellBreakevenHit(be_type, last_price, trigger) =>
    hit = false
    if (be_type == "Pips")
        hit := (last_price - close) >= trigger * 10 * syminfo.mintick
    else
        hit := (100 * (last_price - close)) / last_price >= trigger
    hit

GetBreakevenLevel(by_type, isBuy, last_price, target) =>
    level = 0.0
    if (isBuy)
        if (by_type == "Pips")
            level := last_price + target * 10 * syminfo.mintick
        else
            level := last_price + last_price * target / 100
    else
        if (by_type == "Pips")
            level := last_price - target * 10 * syminfo.mintick
        else
            level := last_price - last_price * target / 100
    level

FixedStopLevel(is_buy, type, value, value_bars) =>
    float stop = na
    mult = is_buy ? -1 : 1
    if (type == "Fixed rate shift")
        stop := close + value * mult
    if (type == "Pips")
        stop := close + value * 10 * syminfo.mintick * mult
    if (type == "%")
        stop := close + close * value / 100 * mult
    if (type == "Min/max of x candles")
        if (is_buy)
            stop := ta.lowest(low, value_bars)
        else
            stop := ta.highest(high, value_bars)
    stop

FixedLimitLevel(is_buy, type, value, value_bars) =>
    float limit = na
    mult = is_buy ? -1 : 1
    if (type == "Fixed rate shift")
        limit := close - value * mult
    if (type == "Pips")
        limit := close - value * 10 * syminfo.mintick * mult
    if (type == "%")
        limit := close - close * value / 100 * mult
    if (type == "Min/max of x candles")
        if (is_buy)
            limit := ta.highest(high, value_bars)
        else
            limit := ta.lowest(low, value_bars)
    limit

stop_type             = input.string("Do not use", "Stop loss type", options = ["Do not use", "%", "Fixed rate shift", "ATR", "Pips", "Min/max of x candles"])
stop                  = input.float(1, "Stop loss")
stop_bars             = input.int(10, "Stop loss, bars (min/max)")
stop_atr_length       = input.int(5, "Stop ATR Length")
stop_atr_mult         = input.float(1.5, "Stop ATR Multiplier")
trailing_sl_type      = input.string("Do not use", "SL/TP Trailing Type", options = ["Do not use", "%", "Pips"])
trailing_sl_trigger   = input.float(10, "Trailing start after")
trailing_sl_target    = input.float(10, "Trailing distance, pips")
breakeven_use         = input.string("Do not use", "Use breakeven", options = ["Do not use", "Pips", "%"])
breakeven_trigger     = input.float(10, "Move stop on profit")
breakeven_target      = input.float(0, "Move stop to")
buy_fixed_stop_level  = ta.valuewhen(Buy, FixedStopLevel(true, stop_type, stop, stop_bars), 0)
buy_breakeven_level   = ta.valuewhen(Buy or in_buy and BuyBreakevenHit(breakeven_use, last_buy_price, breakeven_trigger), Buy ? na : GetBreakevenLevel(breakeven_use, true, last_buy_price, breakeven_target), 0) 
sell_fixed_stop_level = ta.valuewhen(Sell, FixedStopLevel(false, stop_type, stop, stop_bars), 0)
sell_breakeven_level  = ta.valuewhen(Sell or in_sell and SellBreakevenHit(breakeven_use, last_sell_price, breakeven_trigger), Sell ? na : GetBreakevenLevel(breakeven_use, false, last_sell_price, breakeven_target), 0)

limit_type             = input.string("Do not use", "Take profit type", options = ["Do not use", "%", "Fixed rate shift", "ATR", "Pips", "Min/max of x candles"])
limit                  = input.float(1, "Take profit")
limit_bars             = input.int(10, "Take profit, bars (min/max)")
limit_atr_length       = input.int(5, "Take profit ATR Length")
limit_atr_mult         = input.float(1.5, "Take profit ATR Multiplier")
buy_fixed_limit_level  = ta.valuewhen(Buy,  FixedLimitLevel(true,  limit_type, limit, limit_bars), 0)
sell_fixed_limit_level = ta.valuewhen(Sell, FixedLimitLevel(false, limit_type, limit, limit_bars), 0)

buy_stop   = stop_type  == "Do not use" ? na : na(buy_fixed_stop_level)   ? last_buy_price  - ta.atr(stop_atr_length)  * stop_atr_mult  : buy_fixed_stop_level
sell_stop  = stop_type  == "Do not use" ? na : na(sell_fixed_stop_level)  ? last_sell_price + ta.atr(stop_atr_length)  * stop_atr_mult  : sell_fixed_stop_level
buy_limit  = limit_type == "Do not use" ? na : na(buy_fixed_limit_level)  ? last_buy_price  + ta.atr(limit_atr_length) * limit_atr_mult : buy_fixed_limit_level
sell_limit = limit_type == "Do not use" ? na : na(sell_fixed_limit_level) ? last_sell_price - ta.atr(limit_atr_length) * limit_atr_mult : sell_fixed_limit_level

buy_stop_be    = na(buy_breakeven_level)  ? buy_stop  : math.max(buy_breakeven_level,  buy_stop)
sell_stop_be   = na(sell_breakeven_level) ? sell_stop : math.min(sell_breakeven_level, sell_stop)
buy_stop_hit   = in_buy  and not na(buy_stop_be)  and low  <= buy_stop_be
sell_stop_hit  = in_sell and not na(sell_stop_be) and high >= sell_stop_be
buy_limit_hit  = in_buy  and not na(buy_limit)    and high >= buy_limit
sell_limit_hit = in_sell and not na(sell_limit)   and low  <= sell_limit

GetPositionsCount(buy, sell, count) =>
    c = count
    if (buy)
        if (count < 0)
            c := 1
        else
            c := count + 1
    if (sell)
        if (count > 0)
            c := -1
        else
            c := count - 1
    c

GetTrailingPrice(isBuy, lastPrice, triggerType, triggerValue) =>
    float res = na
    if (triggerType == "Pips")
        if (isBuy)
            res := lastPrice + triggerValue * 10 * syminfo.mintick
        else
            res := lastPrice - triggerValue * 10 * syminfo.mintick
    if (triggerType == "%")
        if (isBuy)
            res := lastPrice + lastPrice * triggerValue / 100
        else
            res := lastPrice - lastPrice * triggerValue / 100
    res

close_buy  = close_buy_signal  and not Sell
close_sell = close_sell_signal and not Buy

last_signal := close_buy or close_sell or buy_stop_hit or sell_stop_hit or buy_limit_hit or sell_limit_hit ? (Buy ? 1 : (Sell ? -1 : 0)) : GetPositionsCount(Buy, Sell, last_signal_prev)

strategy.close_all(not in_testing_range)
strategy.entry("Long",  strategy.long,  when = Buy)
strategy.entry("Short", strategy.short, when = Sell)
strategy.close("Long",  close_buy)
strategy.close("Short", close_sell)
b_stop_val = na(buy_breakeven_level)  ? buy_stop  : math.max(buy_breakeven_level,  buy_stop)
s_stop_val = na(sell_breakeven_level) ? sell_stop : math.min(sell_breakeven_level, sell_stop)
b_trail_price = GetTrailingPrice(true, last_buy_price, trailing_sl_type, trailing_sl_trigger)
s_trail_price = GetTrailingPrice(true, last_sell_price, trailing_sl_type, trailing_sl_trigger)
b_trail_offset = trailing_sl_type != "Do not use" ? trailing_sl_target * 10 : na
s_trail_offset = trailing_sl_type != "Do not use" ? trailing_sl_target * 10 : na
strategy.exit("exit long",  "Long",  stop = b_stop_val, limit = buy_limit,  trail_price = b_trail_price, trail_offset = b_trail_offset)
strategy.exit("exit short", "Short", stop = s_stop_val, limit = sell_limit, trail_price = s_trail_price, trail_offset = s_trail_offset)

Overview

Strategy includes placeholder buy and sell signals intended to be completed by the user. The template provides customizable risk management features including date range filtering, pyramiding controls, trailing stop-loss, breakeven triggers, and stop-loss or take-profit orders based on fixed pips, percentages, ATR, or recent candle extremes. It overlays directly on the main price chart. By default, both stop-loss and take-profit mechanisms are disabled.

Details

Published by

sibvic on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • The strategy can add several entries in the same direction
  • The strategy enters trades without a stop loss

Settings

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

SettingTypeDefaultVariable
From Monthint1FromMonth
From Dayint1FromDay
From Yearint2017FromYear
To Monthint1ToMonth
To Dayint1ToDay
To Yearint9999ToYear
Max positionsint1max_positions
Stop loss typestringDo not usestop_type
Stop lossfloat1stop
Stop loss, bars (min/max)int10stop_bars
Stop ATR Lengthint5stop_atr_length
Stop ATR Multiplierfloat1.5stop_atr_mult
Show all 23 settings
SettingTypeDefaultVariable
SL/TP Trailing TypestringDo not usetrailing_sl_type
Trailing start afterfloat10trailing_sl_trigger
Trailing distance, pipsfloat10trailing_sl_target
Use breakevenstringDo not usebreakeven_use
Move stop on profitfloat10breakeven_trigger
Move stop tofloat0breakeven_target
Take profit typestringDo not uselimit_type
Take profitfloat1limit
Take profit, bars (min/max)int10limit_bars
Take profit ATR Lengthint5limit_atr_length
Take profit ATR Multiplierfloat1.5limit_atr_mult
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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