Simple Trailing stop
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Since my exchange doesn't support trailing stop I made a script for it.
It is fully configurable, which means you can set the bars for calculation, the offset and sources for trigger and calculation.
The original purpose for me was to send a command to my bot. If you like it please comment and check out my other scripts.
It is fully configurable, which means you can set the bars for calculation, the offset and sources for trigger and calculation.
The original purpose for me was to send a command to my bot. If you like it please comment and check out my other scripts.
Nov 14
Phát hành các Ghi chú:
somehow the alertcondition didn't make it into initial release. Thus added now.
Bình luận
However, by adding this code to my simple script I get an error message "Add to Chart operation failed, reason: The script must have one study() or strategy() function call"
I'm new to pinescript, trying to learn step by step so I'd much appreciate some help :)
I believe there should be an exit() command in order to backtest with the trailing stop, right?
Here is my code, a simple EMA crossover.. I
short_ema = ema(close, 9)
long_ema = ema(close, 30)
plot(short_ema, color =red)
plot(short_ema, color =green)
entry() => crossover( short_ema, long_ema)
exit() => crossunder( short_ema, long_ema)
strategy.entry(id = "long_ma", long = true, when = entry())
strategy.close(id = "long_ma", when = exit())
Great work, very much appreciated!
I created a script which is working flawlessly on Tradingview so I wanted to create alert notifications. Buy order is coming after certain conditions get satisfied and I'm creating an alter through alertcondition() function, as follows
//Buy Condition
Buy = condition1 and condition2 and testrange
alertcondition(BuyCond, title = "Buy Signal", message = "Buy Signal Alert")
I'm stuck in the sell order alert notification as I'm using strategy.exit() which has stop, trail_points and trail_offset. So the strategy either hits stop-loss or it starts trailing from a certain percentage with an offset.
//Exit Strategy
strategy.exit("TP/SL", "Enter Long", stop=StopLoss * (1 - sl_inp),
trail_points = close * TrailPer / syminfo.mintick,
trail_offset = close * TrailOffset / syminfo.mintick)
I can't use alertfunction() here as the trailing stoploss and offset are both defined in strategy.exit function. So how can I set up an alert notification for the exit? Please help!
How would this fix your exchange not supporting stop loss?