XSP Daily Lotto: Free TradingView Strategy (Pine Script)

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

XSP Daily Lotto calculates an opening range box and gauges directional sentiment from an external symbol like ES futures. Bullish conditions trigger call entries on pullbacks to the range low, while bearish conditions enter puts on spikes to the range high. Exits are managed through two profit target levels, a stop loss at the strike, an intraday entry cutoff time, and an end-of-day force close.

Opening Range fade entry model
External symbol sentiment filter
Dual take-profit targets with partial exit sizing
End-of-day force-close and ITM expiration rules
TradersPost automated webhook alert format

Details

Published by

majohnst on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Indices, Stocks

Timeframes

M1-M5, 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.

File

XSP_Daily_Lotto_Strategy.pine

Repository

github.com/majohnst/TradingView. 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
Sentiment Symbol	`symbol`	`CME_MINI:ES1!`	`sentSymbol`
Neutral band (%)	`float`	`0.10`	`sentThresh`
Directional Filter	`string`	`Both`	`tradeDir`
Snap strikes to nearest option strike	`bool`	`true`	`snapEnabled`
Extension 1 multiplier (× PM range)	`float`	`0.25`	`lvl1Mult`
Extension 2 multiplier (× PM range)	`float`	`0.50`	`lvl2Mult`
Show Opening Range box	`bool`	`true`	`showOR`
Opening Range (minutes)	`int`	`15`	`orMins`
Max option premium per share ($)	`float`	`0.10`	`maxPremium`
Max risk per trade ($)	`float`	`20.0`	`maxRiskDollars`
Contract multiplier (shares per contract)	`int`	`100`	`optMultiplier`
TP1 option price target ($)	`float`	`1.00`	`tp1OptionPrice`

Show all 37 settings

Setting	Type	Default	Variable
TP2 option price target ($)	`float`	`1.50`	`tp2OptionPrice`
Max entries per direction per day	`int`	`1`	`maxPerDir`
Enable neutral channel trades	`bool`	`false`	`neutralEn`
Neutral max premium per share ($)	`float`	`0.50`	`neutMaxPrem`
Neutral max risk per trade ($)	`float`	`50.0`	`neutRiskDollars`
Neutral TP1 option price ($)	`float`	`1.00`	`neutTp1Price`
Neutral TP2 option price ($)	`float`	`1.50`	`neutTp2Price`
Partial exit at T1	`bool`	`true`	`tp1En`
T1 exit size (%)	`float`	`50.0`	`tp1Pct`
Final exit at T2	`bool`	`true`	`tp2En`
Close if ITM before expiry	`bool`	`true`	`itmCheckEn`
Minutes before EOD to check	`int`	`30`	`itmOffset`
Skip close if deep ITM (cash-settled hold)	`bool`	`true`	`skipDeepItm`
Deep ITM threshold (points)	`float`	`2.0`	`deepItmPts`
EOD force-close	`bool`	`true`	`eodEn`
EOD force-close hour (NY)	`int`	`15`	`eodHr`
EOD force-close minute (NY)	`int`	`45`	`eodMn`
No new entries after hour (NY)	`int`	`11`	`entryLockHr`
No new entries after minute (NY)	`int`	`30`	`entryLockMn`
Use Market Orders	`bool`	`true`	`useMarket`
Directional contracts to order (0 = auto)	`int`	`0`	`tpQtyDir`
Neutral contracts to order (0 = auto)	`int`	`0`	`tpQtyNeut`
Alert format	`string`	`Toast`	`alertFmt`
Show OR label	`bool`	`true`	`showLabels`
Show status label	`bool`	`true`	`showStatus`

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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