Daily Breakout Strategy

https://www.tradingview.com/x/FkweqmSj/

🧠 Daily Breakout Strategy • No Repaint

This is a non-repainting backtestable strategy built on clean breakout logic using daily pivot-based levels. It executes one trade per day, following simple rules: wait for breakouts, aim for the target, and log whether it hits.

Designed for traders who want uncluttered, rule-based backtests using price action without lagging indicators or repaint tricks.

🔍 Strategy Logic:

The system calculates daily key levels based on previous day's high, low, and close:

Pivot (P) = (High + Low + Close) / 3

Buy Entry (r1) = P + 0.382 × (High - Low)

Buy TP (r2) = P + 0.618 × (High - Low)

Sell Entry (s1) = P – 0.382 × (High - Low)

Sell TP (s2) = P – 0.618 × (High - Low)

✅ Entry & Exit Rules (Non-Repainting):

🔹 A Buy trade is entered when price closes above r1, confirmed on the next bar.

🔹 A Sell trade is entered when price closes below s1, also confirmed.

🚫 Only 1 signal per day is allowed.

✅ Each trade targets its respective TP level (r2 or s2).

If TP is hit during the session, the trade closes as a win.

If TP is not hit by end of day, the system registers a loss.

⛔ No repainting — all entries are based on closed candles.

📊 Performance Table (Built-in):

A live table tracks and displays:

🟢 Buy/Sell Status (e.g., "Buy Active", "Sideways")

📌 Current Entry/TP Prices

📅 Today’s Breakout Levels

📈 Buy Win % and Sell Win %

📊 Total Accuracy over last N trades (default: 300)

This helps users understand edge, expectancy, and directional bias.

🧪 Backtesting Tips:

Works best on intraday timeframes like 5m, 15m, or 1H.

You may combine it with your own risk management, filters, or alerts.

Results are accurate for what this strategy simulates: 1 entry per day, no SL, TP-only logic.

⚙️ Strategy Settings:

🔧 Accuracy Lookback: Number of trades to track for % win stats.

🎯 Default Quantity: 100% equity by default — adjust to suit your model.

💡 No leverage, pyramiding, or position sizing built in — this is kept clean and logic-focused.

🔒 Access Info:

This strategy is FREE to use

🔐 Source code is locked to protect stability and performance

You can use this for backtesting, education, and signal modeling — no payment required.

💬 Feedback Welcome!

If you want this script extended with:

Stop Loss

Trailing Exit

Risk Management

Alert Conditions

...just leave a comment or message. This script is built to grow with the community!

📈 Add it to your chart, study the clean stats, and use it to model your own breakout logic with confidence.