Gesundheit

Progressive Profit Taking with Trailing Stop

This is version 2 of

Special features:
  • Added partial profit taking as price rises. Profit taking is triggered by price crossing an EMA .
  • After profit taking, price has to rise by a user-specified percent before taking profits again.
  • Also includes condition for fully closing position after meeting specified profit target.

To incorporate into your algo, turn the plotshape functions into alertcondition.
Release Notes: Fixed line 39
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Hi,
Do you have a little instruction on how to use or activate it?
I would be very grateful
+1 Reply
Great script, but how can i get multiple entries?
Do i need to change the entryPrice coding ?
+1 Reply
@Alesi78, You can have both integrated Trailing Stop and Trailing Take profit, and create alerts from it.
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