Pinescript multiple take profit Pine Script (TradingView) - How to move a Stop Loss to the Take Profit level Mar 21, 2022 路 strategy. Nov 8, 2019 路 馃敾馃敾馃敾馃敾 IMPORTANT LINKS BELOW 馃敾馃敾馃敾馃敾TradingView Take Profit & Stop Loss: In this TradingView Pine Script Tutorial we discuss how to apply a customizable T May 6, 2022 路 Take profit = entry_price + 60pips I appreciate this isn't a useful strategy to trade with, I am just using this exercise to better understand PineScript and once I have a script that can execute the above I plan to then build on that, so this will be a huge help! Jul 29, 2022 路 I'm working on a strategy with multiple take profit and stop loss. float(2, title="Take Profit 4 Percentage") // Calculate stop loss and take profit levels Apr 7, 2023 路 I am messing around with a tradingview strategy written in pinescript v5. exit(id='Trailing Short', stop=shortStopPrice, alert_message="close BTCUSDT a=usdm") Dec 3, 2021 路 Hi all: ) I'm struggling with making different sell places In Pine Script and moving stop loss as I take profit. Then if trade management setting is turned on, I also want to set partial tp1 and tp2. Aug 8, 2024 路 Supertrend (Buy/Sell) with TP & SL: An Enhanced Trading Tool This Pine Script indicator combines the popular Supertrend indicator with multiple take-profit (TP) and stop-loss (SL) levels, providing traders with a comprehensive visual aid for potential entries, exits, and risk management. Jul 21, 2022 路 I wanted to make an indicator which will have 3 take profits. Apr 7, 2024 路 Hi all, playing around with multiple take profits and having the stoploss adjust and move to the previous TP this is as far as I have gotten and Im stuck. Tips for using stop loss and take profit orders in Pine Script. Dec 26, 2023 路 4. Jun 22, 2023 路 Is it possible to have a grid order with multiple take profits? By grid order I mean, multiple entries with different prices spread within a range. position_size > 0 strategy. This is how the strategy looks up each individual’s order current performance. the SL/TP is half working. I could not find any reference of this. Understanding Stop-Loss and Take-Profit: Before implementing Nov 8, 2023 路 If you've got a long trade and before it takes profit or stopped out the price reverts and you get a sell signal, why would you want to keep the original trade going and respecting the original take profit and stop loss levels? Description: Two take profit targets moving stop loss to entry after first take profit hit Apr 7, 2024 路 float takeProfit3Percent = input. You wrote the same strategy. position_size < 0 strategy. When using stop loss and take profit orders in Pine Script, there are a few things to keep in mind: Set realistic stop losses and take profits. Ex: For take profit: Trail points=10,offset=3. Create a long in a determined condition, and set an exit with a limit order with take profit at 3%. I have this exit logic for short: Jul 21, 2022 路 Two take profit targets moving stop loss to entry after first take profit hit This strategy shows a method to achieve the following trade management: 1) Open a position with two take profit targets 2) When first take profit is hit, move the stop loss to entry price 3) Position is closed when either second take profit is hit or position is stopped out at entry Trading Conditions The trading Apr 29, 2020 路 This example show how to make multiple take profits in percent. Let's make, tp1 = 1%, tp2 = 5% and tp3 = 10% respectively from the last signal. Configure the profit target. Apr 18, 2021 路 Changed the name of "Take Profit" odrers to "Take Profit / Stop Loss" to better reflect the fact that the order will exit if stop loss price is reached first. If you set your stop loss too close to the current market price, it is likely to be triggered quickly. hard to explain but I have it plotting and i can see its closing the trades at weird times and i can get it to trigger as soon as the limit is reached. Can't think of a way to do it in a single script – Jun 16, 2022 路 TradingView – Multiple take profits for a single order in Pine Script. Here, I wanted to make tp1 appear only when the price f Jan 12, 2023 路 When a Pine Script strategy has an open position, the strategy. if strategy. However, once a 2nd position is added (for example 2 longs (but can be infinite longs or shorts)) the stop parameter which is set to be the low of the entry candle is moved to the low of the 2nd long positions entry candle, causing me to be stopped out of both positions at once. Once I opened a trade I tried to set initial stop loss and take profit. I want to decide the top levels, as a risk to reward ratio thing with steps. At the moment, I'm using very basic code in the strategy to exit the trades (based on a stop loss price derivated Mar 25, 2024 路 I'm trying to write a pinescript strategy on tradingview. This order is then closed with a strategy. 5, title="Take Profit 3 Percentage") float takeProfit4Percent = input. (4) if take profit 2 or the stop loss is hit, close 100% of the open position. I have a trailing stop loss. exit has dedicated comment arguments for that purpose: comment, comment_profit, comment_loss, comment_trailing, which are used based on the condition, which triggered the exit. 1. Hypothesis. Oct 5, 2021 路 I am trying to create multiple stops/profit takers for my strategy. I dont want it to be percent wise. so once I enter a trade I want my take profit to be fixed and my stop loss to be trailing. But for now only entry and the first exit code are working in strategy. Do pre-registered hypotheses need a correction for multiple comparisons? May 5, 2024 路 This is a very simplified version of what is not working for me. For stop loss: Trail points=0, offset =5. Familiarity with TradingView and Pine Script is assumed. May 7, 2022 路 This is how Pine Script knows to what entry order(s) the profit target applies. We do this with one of two arguments: profit for a profit target a number of ticks away from the entry price, or; limit to set the profit target with an actual instrument price. The profit percentage is set to 1%. profit() function returns the profit/loss of a particular open order . The simple logic is; (1) Enter Trade (2) Set 1 x stop order and 2 x limit orders (a stop loss and 2 take profit levels) (3) If take profit 1 is hit, close 50% of the open position. Thanks a lot! Nov 1, 2024 路 This article explains how to correctly use Take-Profit and Stop-Loss in TradingView's Pine Script, addressing a common mistake of not using the sell price to calculate the correct number. exit() with profit argument. However, checking the backtest Nov 30, 2021 路 In tradingview I use a study and its related strategy version to backtest indicators. . I want to implement a multiple take profit strategy. I want my take profit to be twice as large as the difference between my entry point and my stop loss at time of entry to have a risk reward of . Jun 24, 2019 路 I'm trying to program 3 take profit targets in a pine strategy. The strategy works fine but not 100% as I want. In the below code, when the condition to go long is triggered, an entry is opened with a quantity of 100. This works fine. exit(id='Trailing Long', stop=longStopPrice, alert_message="close BTCUSDT a=usdm") if strategy. 3. The values for valueTakeProfit1, 2 and 3 are also correct. What about if you have one exit point but a variable take profit point? So using the IF to change the take profit based on the position and direction? Dec 11, 2024 路 Flexibility: Multiple take profit levels and a dynamic stop loss system allow traders to lock in profits while keeping the position open for further gains. Aug 5, 2023 路 In this guide, we will explore how to effectively incorporate stop-loss and take-profit levels in Pine Script. Mar 8, 2022 路 I am having trouble coding a take profit for my strategy. im very very new to this so any help would be amazing. Simplified strategy order code and added closeLongDeal and closeShortDeal variable to make code more readable. when it hits TP the stop moves but doesnt seem to be plotting correctly as it runs after trade is closed, also the intial stop doesnt plot and sometimes doesnt trigger. Sep 23, 2022 路 Your Trailing SL code looks correct. I have a problem setting a limit exit profit target in percentage. Nov 28, 2020 路 I thought of this too, But this will be just another regular stop loss right? I'm trying to have different trail offsets for Take profit and stop loss. exit ID for. The reset are not working in strategy settings. Apr 5, 2023 路 I have a strategy with an order entry based on limit price. I know I can have multiple take profits and grid orders, but could not find them together. Aug 6, 2021 路 pine script - take profit using points from entry instead of percentage. opentrades. Risk Management: The initial stop loss and trailing stop help to limit losses and protect profits as the trade moves in the desired direction. float(1. Multiple take profits + moving stop to previous TP I have been working on a multi TP + Moving stop and now im stuck.
jsjjwz imf kec wag yaxa ndmpvinu yfycqpu vgql kckvk hokdo