I've been trying to put a stop loss in the High or Low of the last second bar after I open a position but in this example the only way to close it, is with the opposite action. Does anyone know how to put a stop loss and order with just stop loss and close when there is a bullish or bearish engulfing bar?
This is a general purpose very flexible program to test the effectiveness of HA bars.
Please note that if you are charting at tradingview using Heikin-Ashi charting, your system will be trading fictitious prices even if you check the "use real prices" box. Thought you might like to know that before you lose all your money.
This program performs the HA calcs...
This long only strategy determines the price of the last fractal top and enters a trade when the price breaks above the last fractal top. The strategy also calculates the average price of the last fractal tops to get the trend direction. The strategy exits the long trade, when the average of the fractal tops is falling (when the trend is lower highs as measured by...
EXPERIMENTAL:
WARNING: this strategy repaints after reloading and results are heavily curve fitted, use at your own discretion.
UPDATE: (AleksanderThor) add option for a 2nd target, to use you need to activate pyramiding with a setting of 1 manually (not possible to change programatically) .
This script simply takes a user-defined bar height number (variable barHeight) to find large candles. Automatically colors large bullish and bearish candles green or red, respectively. The barHeight can be modified to fit your needs.
Use this in a variety of ways:
- Confirm breakouts of support / resistance
- Identify new trends
Exits added using trailing stops.
2.6 Profit Factor and 76% Profitable on SPY , 5M - I think it's a pretty good number for an automated strategy that uses Pivots. I don't think it's possible to add volume and day open price in relation to pivot levels -- that's what I do manually ..
Still trying to add EMA for exits.. it will increase profitability. You can...
Breakout strategy of H4 and L4 levels. Manual entries and exits - higher profits BUT because I am a novice in pinescript,
Can someone please:
1. Show me how to add exit strategy lines : close> ema(close,3) for exit short and opposite for long. I added myself but I can't make it to work in relation to camarilla entries; instead it shows all ema crossings..
2.Why...
Just converted the AK_ TREND ID into a strategy , to show the efficiency of this simple indicator. I used SPX in this example, to display that the indicator has been accurate for a long time.
![EURUSD: [STRATEGY][RS]ZigZag PA Strategy V4.1](https://s3.tradingview.com/n/NEDEDcsP_mid.png "[STRATEGY][RS]ZigZag PA Strategy V4.1")
![EURUSD: [STRATEGY][RS]ZigZag PA Strategy V4](https://s3.tradingview.com/d/DYONEypp_mid.png "[STRATEGY][RS]ZigZag PA Strategy V4")
![EURUSD: [STRATEGY][RS]Spot/Binary Scalper V0](https://s3.tradingview.com/p/PMqutqKQ_mid.png "[STRATEGY][RS]Spot/Binary Scalper V0")
