adolgov

Stepped trailing strategy example

This is a stepped trailing exit example for educational purpose.

Short brief.
There are 1 stop loss and 3 profit levels.
  • When first tp is reached we move stop loss to break-even.
  • When second tp is reached we move stop loss to first tp.
  • When third tp is reached we exit by profit.
Release Notes: Stop Loss & Take Profit in %% for independence from instrument's tick size.
Release Notes: New input `activateTrailingOnThirdStep` added.
With `activateTrailingOnThirdStep = true` when tp2 will be reached, the strategy places trailing stop with amount at tp3 level and offset at tp2 level.
By default the old behavior remains.
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Comments

500coins
+3 Reply
So nice script!

Abusing your knowledge a bit, could you do something like this in a study version and with % instead of points?

It would be magnificent.
+10 Reply
Really nice, clean and usefull script!!

Too bad the "strategy" commands don't work in studies, this would be so helpfull and avoid a lot of unneccesary coding and keeping track of variables.

Good job!

Gr, JD.
+2 Reply
adolgov Duyck
@Duyck, the `strategy` can all things that `study` can )
+1 Reply
Duyck adolgov
@adolgov, I know, but a study can't do all the things a strategy can.
it would be super usefull if the "wall" between strategies and studies would disappear.

right now studies can't keep track of trades and strategies can't launch alerts,...
+1 Reply
adolgov Duyck
@Duyck, strategies will can launch alerts soon ;-)
+1 Reply
Duyck adolgov
@adolgov, Great!! ;-)
+1 Reply
nilux Duyck
@Duyck, yeah I was thinking the same. It's a great strategy but it would be a dirty job to turn this into a study, maybe with 500 lines of code to keep track of all the entries, exits etc...
Reply
This publication is now featured in our Editors' Picks: https://www.tradingview.com/scripts/editors-picks/ .
In the name of all TradingView traders, thank you for your valuable contribution to the TradingView community, and congrats!
+1 Reply
nice script:)
+1 Reply
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