OPEN-SOURCE SCRIPT
Updated Trailing Buy
This script demonstrates how to do trailing buy. With this approach, given an entry signal, instead of buying directly, you just follow the price downwards (for long positions) and you buy when the price increases by a small percentage. The order will be executed when the next bar is closed. This approach may increase the profits (slightly) in some strategies! This script can be used as a template for your own strategy. Be aware that the simulated data may produce unrealistic results.
Release Notes
- Fix some bugs in some edge cases
- Refactor the code to better reflect what it does
Release Notes
- Fix minor typos
Release Notes
- Use stop orders when trailing instead of market orders at the start of the next candle (suggestion by freyadog)
- Use time_filter library
Release Notes
- Minor code clean up
- Change color scheme
Release Notes
- Update time_filters library
Release Notes
- Replace deprecated "when=" with if statements in strategy calls
Release Notes
- Change fastMA default color to yellow
- Change trailing entry price default color to blue
Release Notes
- Increase max labels to 150
- Minor refactoring
Release Notes
- Update time_filters library
Release Notes
- Change the settings so the order type (market, stop-limit) is independent from the trailing
- Some minor label/color changes
Release Notes
- Added option for limit orders
Release Notes
- small refactoring
Release Notes
- Update time_filters library version
Release Notes
- Update time_filters library version
Release Notes
- Use the 'chrono_utils' library for the date-time window filter
Release Notes
- Add different alert messages per event
- Update 'chrono_utils' library
Release Notes
- Update to pinescript version 6
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
📧 Contact info
Telegram: @jason5480
🔗 Addresses
₿ - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7
* Please contact me before any donation ☕
Telegram: @jason5480
🔗 Addresses
₿ - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7
* Please contact me before any donation ☕
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
📧 Contact info
Telegram: @jason5480
🔗 Addresses
₿ - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7
* Please contact me before any donation ☕
Telegram: @jason5480
🔗 Addresses
₿ - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7
* Please contact me before any donation ☕
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.