This trend-following strategy executes a classic Donchian channel breakout system designed to cross-validate backtest results against external framework benchmarks. It triggers a long entry when the closing price breaks above the highest high of the prior entr
Strategy · Pine Script v6 · On the chart
XAUUSD Breakout Grid
The XAUUSD Breakout Grid strategy executes market orders when price crosses defined dollar-denominated grid levels on the price chart.
GitHub stars2on the repository
Pine versionv6current
Lines of code234
Settings4inputs
LicenceNone stated
Last update4 months ago9 Jun 2026
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
XAUUSD Breakout Grid tracks entries using array structures and dynamically adjusts position sizing to balance net exposure between long and short positions up to a maximum multiplier. Each grid entry automatically places a limit order take profit target based on a configured dollar distance. Main inputs adjust grid spacing, base lot size, take profit distance, and lot limits. The strategy runs without any stop loss protection.
- Breakout grid entry system
- Dynamic imbalance position sizing
- Array-based grid level tracking
- Fixed distance take profit targets
Details
Published by
Young666YHF on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Support & resistance
Markets
Gold
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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| 网格间隔 (美元) | float | 5.0 | gridSpacing |
| 初始仓位 (手) | float | 0.01 | initialPosition |
| 止盈距离 (美元) | float | 5.0 | takeProfitDistance |
| 最大手数倍数 | float | 10.0 | maxLotMultiplier |
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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