OPEN-SOURCE SCRIPT
SSL Backtester With ATR SL TP and Money Management
Similar to other SSL Channel scripts, but this one allows you to set an ATR-derived stop loss and adds the option to risk a % of the equity or used a fixed lot.
Enters upon a long or short SSL crossover.
FIXED LOTS
For 0.01 "lots" use 1000
For 1 standard lot, use 100,000
FOR MONEY MANAGEMENT
For 1% risk, enter 0.01
For 10% risk, enter 0.1
etc
You should be able to adapt this to any other indicator by just changing the entry conditions and adding your own indicator values.
It is not meant to be a profitable script, just a template to begin adding money management ideas to existing scripts which currently just enter and exit on an event.
Enters upon a long or short SSL crossover.
FIXED LOTS
For 0.01 "lots" use 1000
For 1 standard lot, use 100,000
FOR MONEY MANAGEMENT
For 1% risk, enter 0.01
For 10% risk, enter 0.1
etc
You should be able to adapt this to any other indicator by just changing the entry conditions and adding your own indicator values.
It is not meant to be a profitable script, just a template to begin adding money management ideas to existing scripts which currently just enter and exit on an event.
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.
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.
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.