Daveatt

BEST Strategy Template w/ Custom SL/TP Size - Educational

Hello traders

I'm getting this question at least once per week: "how to define a custom exit quantity for my stop loss and a different one for my take profit"
Instead of answering every day the same question in my DMs, I've decided to publish an educational strategy template script using this

Features

- Select to use or not the SL and/or TP
- Define how many pips/USD the SL/TP should be set at from the entry
- Define what quantity percentage you want to close at SL and/or at TP (lines 301 to 320 in the code)
- Classical custom trailing stop where the SL is moved to breakeven once the TP is hit
- Get real-time backtesting stats based on the options you've selected

Update

You might not know it yet but from last week (or maybe the week before), the qty/qty_percent from the strategy.exit function refers now to the initial position size (and not the remaining position size like before)

For example:

strategy.exit("EX1", qty_percent = 50, stop = constant)
strategy.exit("EX2", qty_percent = 20, stop = constant)

What happened before

After "EX1" reaches SL levels, "EX2" exits 20% from the % of the remaining position size.
If the initial position size = 100 contracts
EX1 exits 50 contracts
EX2 exits 20% of 50 contracts = 10 contracts

What's happening now

After "EX1" reaches SL levels, "EX2" exits 20% from the % of the original position size.
If the initial position size = 100 contracts
EX1 exits 50 contracts
EX2 exits 20 (20% of 100 contracts) contracts

I think this is an improvement and I really enjoy this new behavior.

See you in a few days with another post :)

ALL THE BEST
Dave

👨‍💻 Need help you with your FTMO/TopStep verif?

⭐️ Listed as TradingView Trusted Pine Programmer

📧 dave@best-trading-indicator

Telegram: Daveatt

⏩ Course: best-trading-indicator.com

Twitter: twitter.com/bti_trading
オープンソーススクリプト

TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します!無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。

免責事項

これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。

チャートでこのスクリプトを利用したいですか?