OPEN-SOURCE SCRIPT

Strategy Multiple Orders + Statistics Template - Educational

Hello traders

It's been a while
We're back in a bear market so I have a bit more time to publish new Pine scripts for the TradingView community

Special thanks to fikira for his Multiple Orders script (tradingview.com/script/f8ztxAzF-multiple-orders-strategy-educational) and to carnagecain for allowing me to publish this script we worked together on

I got widely inspired by fikira's script for that one

This script is for educational purposes only - I wanted to show how we can add multiple TPs/SL + a table with custom statistics

In this Strategy template, users can define multiple take-profit and multiple stop-loss levels.
Basically, we have 4 trades per trend and each trade has its own SL/TP

Statistics

Stats are split per trade direction (Long, Short) and then consolidated

I put custom stats in that table such as:

- Probability of Win
- Probability of Loss
- Avg Profit/Loss per Trade
- APPT: (Probability of Win * Average Gross Profit) - (Probability of Loss * Average Loss)
- Number of times each TP/SL has been hit

I'm catching up with all recent pinescript features as we speak - more educational scripts template to come soon

Best Regards
Dave

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.

Daveatt

⭐️ Listed as an Official TradingView Trusted TOP Pine Programmer

📧 Coding/Consulting Inquiries: dave@best-trading-indicator

Telegram: Daveatt

⏩ Course: best-trading-indicator.com

Twitter: twitter.com/bti_trading

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Open-source script

Daveatt

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