Trailing Stop Loss ATR + AlertI share this TSL indicator with alert (I use it only for Stocks), the configuration is very simple, you must select if it is a Short or Long operation, time at which the operation was opened,% of the daily ATR for TSL. It also contains:
- Alert
- Panel Info
Trailingtakeprofit
BEST Trailing Take Profit StrategyHello traders
Hope you enjoyed your weekend on my behalf. Was staying home working ... ^^
This is my first strategy educational post I'm doing ever
While I'm generally against posting strategies because it's very easy to fake performance numbers... I cannot prevent myself from sharing a few cool strategy snippets anyway.
So from now on, I'll be sharing a few strategies also - generally not to showcase performance but only to show what pinescript can do.
As once again strategy performance can be faked is so many ways... :)
What's on the menu?
We all know what a trailing-stop is. right? right? Ok... sharing the definition here :)
A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor's favor. The order closes the trade if the price changes direction by a specified percentage or dollar amount.
But...do you know what a trailing profit is?
Short definition : Well the same but with your profit limit order.
Long definition : A trailing profit is designed to increase your gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor's favor. The order closes the trade if the price hits the trailing profit level specified percentage or dollar amount.
Some trading strategies used both a trailing stop AND trailing profit. Not making any recommendation here - only sharing what's possible in the realm of trading and pinescripting
Trigger me I'm famous
I developed many trading strategies in my career and often I've been asked to trigger a trailing-stop or trailing-profit once a certain % move has been made.
I integrated here a Take Profit trigger - once hit, it will activate the trailing profit
On the screenshot below, the TP trigger is plotted in orange. Once the price goes past that level for the first time, I'll start trailing the profit level.
In other words, when we see a price makes an interesting move in percentage value - we decide to offset the profit as we concluded that once it reached such distance - then it leads often to more profit
Of course, using only a trailing profit without stop/trailing-stop/invalidation isn't smart and the surest way to kiss goodbye a trading capital and trading and your good mood
See you tomorrow for another strategy snippet
All the BEST
Dave
Cyatophilum Ultimate Trading Bot [ALERTSETUP]Private Indicator.
This is an indicator for trading low timeframes . It is generic and configurable meaning you can use it not only on crypto, but also forex, CFD, stocks etc.
HOW IT WORKS
The user chooses between three powerful base strategies: Bollinger Bands + Stoch RSI, RSI Divergences or the SARMA Strategy .
He can also trade support and resistance breakouts , with or without the base strategy.
Use the Alert Setup version to trigger entry and exit alerts .
You can choose between a set of trend lines that will filter trades that are against the main trend in order to increase profitability.
The integrated Trailing Stop Loss will trigger an alert to exit the trade.
You can use the Trailing Take Profit with a configurable % deviation. It will also trigger an exit alert.
SAMPLE USE CASES
XBTUSD 5m BitMEX
XBTUSD 15m BitMEX
ETHUSD 5m BitMEX
ETHUSD 15m BitMEX
USD/WTI 1m IDC (Us Dollar/ WTI Crude OIL)
Backtest below for BITMEX:LTCZ19 in 15m timeframe.
Note: This is the Alert version. You can find the backtest version in my profile.
To get access to the indicator, use the link below, thanks for reading!
Cyatophilum Ultimate Trading Bot [BACKTEST]Private Indicator.
This is an indicator for trading low timeframes . It is generic and configurable meaning you can use it not only on crypto, but also forex, CFD, stocks etc.
HOW IT WORKS
The user chooses between three powerful base strategies: Bollinger Bands + Stoch RSI, RSI Divergences or the SARMA Strategy .
He can also trade support and resistance breakouts , with or without the base strategy.
Use the Alert Setup version to trigger entry and exit alerts .
You can choose between a set of trend lines that will filter trades that are against the main trend in order to increase profitability.
The integrated Trailing Stop Loss will trigger an alert to exit the trade.
You can use the Trailing Take Profit with a configurable % deviation. It will also trigger an exit alert.
SAMPLE USE CASES
XBTUSD 5m BitMEX
XBTUSD 15m BitMEX
ETHUSD 5m BitMEX
ETHUSD 15m BitMEX
USD/WTI 1m IDC (Us Dollar/ WTI Crude OIL)
Backtest below for BITMEX:LTCZ19 in 15m timeframe.
To get access to the indicator, use the link below, thanks for reading!
Trailing SL or TP with Alerts (MV)Hey
Trailing SL or TP with Alerts (MV)
if you want trailing Stoploss Alerts
Alert condition
select by default Symbol
Less Than
Select Trailing SL or TP with Alerts (MV)
Second Plot
if you want trailing Takeprofit Alerts
Alert condition
Select by default Symbol
Greater Than
Select Trailing SL or TP with Alerts (MV)
First plot
TRAILING STOP LOSS TO LONG AND SHORT##THIS SCRIPT IS ON GITHUB
This TradingView strategy it is designed to integrate with other strategies with indicators.
It performs a trailing stop loss from entry and exit conditions.
In this strategy you can add conditions for long and short positions.
The strategy will ride up your stop loss when price moviment 1%.
The strategy will close your operation when the market price crossed the stop loss.
Also is possible to select the period that strategy will execute the backtest.
The strategy has the following parameters:
+ **INITIAL STOP LOSS** - Where can isert the value to first stop.
+ **POSITION TYPE** - Where can to select trade position.
+ **BACKTEST PERIOD** - To select range.
## DISCLAIMER
1. I am not licensed financial advisors or broker dealers. I do not tell you when or what to buy or sell. I developed this software which enables you execute manual or automated trades multiple trades using TradingView. The software allows you to set the criteria you want for entering and exiting trades.
2. Do not trade with money you cannot afford to lose.
3. I do not guarantee consistent profits or that anyone can make money with no effort. And I am not selling the holy grail.
4. Every system can have winning and losing streaks.
5. Money management plays a large role in the results of your trading. For example: lot size, account size, broker leverage, and broker margin call rules all have an effect on results. Also, your Take Profit and Stop Loss settings for individual pair trades and for overall account equity have a major impact on results. If you are new to trading and do not understand these items, then I recommend you seek education materials to further your knowledge.
**YOU NEED TO FIND AND USE THE TRADING SYSTEM THAT WORKS BEST FOR YOU AND YOUR TRADING TOLERANCE.**
**I HAVE PROVIDED NOTHING MORE THAN A TOOL WITH OPTIONS FOR YOU TO TRADE WITH THIS PROGRAM ON TRADINGVIEW.**
## NOTE
I accept suggestions to improve the script.
If you encounter any problems I will be happy to share with me.
+ Authors: @exit490
+ Revision: v1.0.0
+ Date: 03-Aug-2019
+ Pinescript version: 4
## LICENSE
Copyright 2019 Mauricio Pimenta / exit490
Trailing Stop Loss script may be freely distributed under the MIT license .
Ultimate Risk Management System 📈With this tool you can run multiple instances for Stop Loss, Take Profit, Trailing Stop or Trailing Take Profit.
Why use it?
> Some trading platforms don't offer special tools like Trailing Stop;
> In case they do, they don't have to know where you put your stops;
> TradingView offers high performance, you can see the tool working in real-time.
Main Features:
- Real-time;
- Long Order;
- Short Order;
- Stop Loss;
- Take Profit;
- Trailing Stop Loss;
- *Trailing Take Profit.
Disclaimer: This system may help you cut out your losses or lock in your profit, but it does not guarantee profit. Always use at your own risk.
