Fixed Percent Stop Loss & Take Profit %===========
Fixed Percent Stop Loss & Take Profit %
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A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price.
Yup, that's about it!
You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT really profitable and NOT recommended!
You should be using this code as a way of adding Stops and Takes to your own scripts - hope it helps!
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Good Luck and Happy Trading!
Pesquisar nos scripts por "take profit"
Take Profit On Trend v2 (by BHD_Trade_Bot)The purpose of strategy is to detect long-term uptrend and short-term downtrend so that you can easy to take profit.
The strategy also using BHD unit to detect how big you win and lose, so that you can use this strategy for all coins without worry about it have different percentage of price change.
ENTRY
The buy order is placed on assets that have long-term uptrend and short-term downtrend:
- Long-term uptrend condition: ema200 is going up
- Short-term downtrend condition: 2 last candles are down price (use candlestick for less delay)
CLOSE
The sell order is placed when take profit or stop loss:
- Take profit: price increase 2 BHD unit
- Stop loss: price decrease 3 BHD unit
The strategy use $1000 for initial capital and trading fee is 0.1% for each order.
Pro tip: The 1-hour time frame for ETH/USDT has the best results on average.
Scripting Tutorial A - TManyMA - StopsThis script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually.
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked to my profile.
- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3.
- Ribbons are alpha-color coded based on their relation to their default MAs.
- Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner.
- Ribbon values are calculated based on calculated MA Periods between the MAs.
- Converted the existing study into a strategy.
- Strategy only enters long positions with a market order when MA crossovers occur.
- Strategy exits positions when crossunders occur.
- Trades 100% of the equity with one order/position by default.
- Ability to disable trading certain crosses with input checks.
- Ability to exit trades with a take profit or stop loss.
- User input to allow quick changes to the take profit or stop loss percentages.
This script is meant as an educational script with well-formatted styling, and references for specific functions.
*** PLEASE NOTE - THIS STRATEGY IS MEANT FOR LEARNING PURPOSES. DEPENDING ON IT'S CONFIGURATION IT MAY OR MAY NOT BE USEFUL FOR ACTUAL TRADING. THE STRATEGY IS NOT FINANCIAL ADVICE ***
Take Profit On Trend (by BHD_Trade_Bot)The purpose of strategy is to detect long-term uptrend and short-term downtrend so that you can easy to take profit.
The strategy also using BHD unit to detect how big you win and lose, so that you can use this strategy for all coins without worry about it have different percentage of price change.
ENTRY
The buy order is placed on assets that have long-term uptrend and short-term downtrend:
- Long-term uptrend condition: ema200 is going up (rsi200 greater than 51)
- Short-term downtrend condition: 2 last candles are down price (use candlestick for less delay)
CLOSE
The sell order is placed when take profit or stop loss:
- Take profit: price increase 1 BHD unit
- Stop loss: price decrease 2 BHD units
The strategy use $15 and trading fee is 0.1% for each order. So that, in the real-life, if you are using trade bot, it will need $1500 for trading 100 coins at the same time.
Pro tip : The 1-hour time frame for altcoin/USDT has the best results on average.
Take profit Multi timeframeRepublish:
Take profit Multi timeframe:
In this scipts, I build risk-reward system managemant. You can take profit in two way: percent or at resistant in higher timeframe or both.
Strategy in this scripts, I use Wave trend indicator as example strategy.
Post-Open Long Strategy with ATR-based Stop Loss and Take ProfitThe "Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit" is designed to identify buying opportunities after the German and US markets open. It combines various technical indicators to filter entry signals, focusing on breakout moments following price lateralization periods.
Key Components and Their Interaction:
Bollinger Bands (BB):
Description: Uses BB with a 14-period length and standard deviation multiplier of 1.5, creating narrower bands for lower timeframes.
Role in the Strategy: Identifies low volatility phases (lateralization). The lateralization condition is met when the price is near the simple moving average of the BB, suggesting an imminent increase in volatility.
Exponential Moving Averages (EMA):
10-period EMA: Quickly detects short-term trend direction.
200-period EMA: Filters long-term trends, ensuring entries occur in a bullish market.
Interaction: Positions are entered only if the price is above both EMAs, indicating a consolidated positive trend.
Relative Strength Index (RSI):
Description: 7-period RSI with a threshold above 30.
Role in the Strategy: Confirms the market is not oversold, supporting the validity of the buy signal.
Average Directional Index (ADX):
Description: 7-period ADX with 7-period smoothing and a threshold above 10.
Role in the Strategy: Assesses trend strength. An ADX above 10 indicates sufficient momentum to justify entry.
Average True Range (ATR) for Dynamic Stop Loss and Take Profit:
Description: 14-period ATR with multipliers of 2.0 for Stop Loss and 4.0 for Take Profit.
Role in the Strategy: Adjusts exit levels based on current volatility, enhancing risk management.
Resistance Identification and Breakout:
Description: Analyzes the highs of the last 20 candles to identify resistance levels with at least two touches.
Role in the Strategy: A breakout above this level signals a potential continuation of the bullish trend.
Time Filters and Market Conditions:
Trading Hours: Operates only during the opening of the German market (8:00 - 12:00) and US market (15:30 - 19:00).
Panic Candle: The current candle must close negative, leveraging potential emotional reactions in the market.
Avoiding Entry During Pullbacks:
Description: Checks that the two previous candles are not both bearish.
Role in the Strategy: Avoids entering during a potential pullback, improving trade success probability.
Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit
The "Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit" is designed to identify buying opportunities after the German and US markets open. It combines various technical indicators to filter entry signals, focusing on breakout moments following price lateralization periods.
Key Components and Their Interaction:
Bollinger Bands (BB):
Description: Uses BB with a 14-period length and standard deviation multiplier of 1.5, creating narrower bands for lower timeframes.
Role in the Strategy: Identifies low volatility phases (lateralization). The lateralization condition is met when the price is near the simple moving average of the BB, suggesting an imminent increase in volatility.
Exponential Moving Averages (EMA):
10-period EMA: Quickly detects short-term trend direction.
200-period EMA: Filters long-term trends, ensuring entries occur in a bullish market.
Interaction: Positions are entered only if the price is above both EMAs, indicating a consolidated positive trend.
Relative Strength Index (RSI):
Description: 7-period RSI with a threshold above 30.
Role in the Strategy: Confirms the market is not oversold, supporting the validity of the buy signal.
Average Directional Index (ADX):
Description: 7-period ADX with 7-period smoothing and a threshold above 10.
Role in the Strategy: Assesses trend strength. An ADX above 10 indicates sufficient momentum to justify entry.
Average True Range (ATR) for Dynamic Stop Loss and Take Profit:
Description: 14-period ATR with multipliers of 2.0 for Stop Loss and 4.0 for Take Profit.
Role in the Strategy: Adjusts exit levels based on current volatility, enhancing risk management.
Resistance Identification and Breakout:
Description: Analyzes the highs of the last 20 candles to identify resistance levels with at least two touches.
Role in the Strategy: A breakout above this level signals a potential continuation of the bullish trend.
Time Filters and Market Conditions:
Trading Hours: Operates only during the opening of the German market (8:00 - 12:00) and US market (15:30 - 19:00).
Panic Candle: The current candle must close negative, leveraging potential emotional reactions in the market.
Avoiding Entry During Pullbacks:
Description: Checks that the two previous candles are not both bearish.
Role in the Strategy: Avoids entering during a potential pullback, improving trade success probability.
Entry and Exit Conditions:
Long Entry:
The price breaks above the identified resistance.
The market is in a lateralization phase with low volatility.
The price is above the 10 and 200-period EMAs.
RSI is above 30, and ADX is above 10.
No short-term downtrend is detected.
The last two candles are not both bearish.
The current candle is a "panic candle" (negative close).
Order Execution: The order is executed at the close of the candle that meets all conditions.
Exit from Position:
Dynamic Stop Loss: Set at 2 times the ATR below the entry price.
Dynamic Take Profit: Set at 4 times the ATR above the entry price.
The position is automatically closed upon reaching the Stop Loss or Take Profit.
How to Use the Strategy:
Application on Volatile Instruments:
Ideal for financial instruments that show significant volatility during the target market opening hours, such as indices or major forex pairs.
Recommended Timeframes:
Intraday timeframes, such as 5 or 15 minutes, to capture significant post-open moves.
Parameter Customization:
The default parameters are optimized but can be adjusted based on individual preferences and the instrument analyzed.
Backtesting and Optimization:
Backtesting is recommended to evaluate performance and make adjustments if necessary.
Risk Management:
Ensure position sizing respects risk management rules, avoiding risking more than 1-2% of capital per trade.
Originality and Benefits of the Strategy:
Unique Combination of Indicators: Integrates various technical metrics to filter signals, reducing false positives.
Volatility Adaptability: The use of ATR for Stop Loss and Take Profit allows the strategy to adapt to real-time market conditions.
Focus on Post-Lateralization Breakout: Aims to capitalize on significant moves following consolidation periods, often associated with strong directional trends.
Important Notes:
Commissions and Slippage: Include commissions and slippage in settings for more realistic simulations.
Capital Size: Use a realistic trading capital for the average user.
Number of Trades: Ensure backtesting covers a sufficient number of trades to validate the strategy (ideally more than 100 trades).
Warning: Past results do not guarantee future performance. The strategy should be used as part of a comprehensive trading approach.
With this strategy, traders can identify and exploit specific market opportunities supported by a robust set of technical indicators and filters, potentially enhancing their trading decisions during key times of the day.
EMA Crossover Strategy with Take Profit and Candle HighlightingStrategy Overview:
This strategy is based on the Exponential Moving Averages (EMA), specifically the EMA 20 and EMA 50. It takes advantage of EMA crossovers to identify potential trend reversals and uses multiple take-profit levels and a stop-loss for risk management.
Key Components:
EMA Crossover Signals:
Buy Signal (Uptrend): A buy signal is generated when the EMA 20 crosses above the EMA 50, signaling the start of a potential uptrend.
Sell Signal (Downtrend): A sell signal is generated when the EMA 20 crosses below the EMA 50, signaling the start of a potential downtrend.
Take Profit Levels:
Once a buy or sell signal is triggered, the strategy calculates multiple take-profit levels based on the range of the previous candle. The user can define multipliers for each take-profit level.
Take Profit 1 (TP1): 50% of the previous candle's range above or below the entry price.
Take Profit 2 (TP2): 100% of the previous candle's range above or below the entry price.
Take Profit 3 (TP3): 150% of the previous candle's range above or below the entry price.
Take Profit 4 (TP4): 200% of the previous candle's range above or below the entry price.
These levels are adjusted dynamically based on the previous candle's high and low, so they adapt to changing market conditions.
Stop Loss:
A stop-loss is set to manage risk. The default stop-loss is 3% from the entry price, but this can be adjusted in the settings. The stop-loss is triggered if the price moves against the position by this amount.
Trend Direction Highlighting:
The strategy highlights the bars (candles) with colors:
Green bars indicate an uptrend (when EMA 20 crosses above EMA 50).
Red bars indicate a downtrend (when EMA 20 crosses below EMA 50).
These visual cues help users easily identify the market direction.
Strategy Entries and Exits:
Entries: The strategy enters a long (buy) position when the EMA 20 crosses above the EMA 50 and a short (sell) position when the EMA 20 crosses below the EMA 50.
Exits: The strategy exits the positions at any of the defined take-profit levels or the stop-loss. Multiple exit levels provide opportunities to take profit progressively as the price moves in the favorable direction.
Entry and Exit Conditions in Detail:
Buy Entry Condition (Uptrend):
A buy position is opened when EMA 20 crosses above EMA 50, signaling the start of an uptrend.
The strategy calculates take-profit levels above the entry price based on the previous bar's range (high-low) and the multipliers for TP1, TP2, TP3, and TP4.
Sell Entry Condition (Downtrend):
A sell position is opened when EMA 20 crosses below EMA 50, signaling the start of a downtrend.
The strategy calculates take-profit levels below the entry price, similarly based on the previous bar's range.
Exit Conditions:
Take Profit: The strategy attempts to exit the position at one of the take-profit levels (TP1, TP2, TP3, or TP4). If the price reaches any of these levels, the position is closed.
Stop Loss: The strategy also has a stop-loss set at a default value (3% below the entry for long trades, and 3% above for short trades). The stop-loss helps to protect the position from significant losses.
Backtesting and Performance Metrics:
The strategy can be backtested using TradingView's Strategy Tester. The results will show how the strategy would have performed historically, including key metrics like:
Net Profit
Max Drawdown
Win Rate
Profit Factor
Average Trade Duration
These performance metrics can help users assess the strategy's effectiveness over historical periods and optimize the input parameters (e.g., multipliers, stop-loss level).
Customization:
The strategy allows for the adjustment of several key input values via the settings panel:
Take Profit Multipliers: Users can customize the multipliers for each take-profit level (TP1, TP2, TP3, TP4).
Stop Loss Percentage: The user can also adjust the stop-loss percentage to a custom value.
EMA Periods: The default periods for the EMA 50 and EMA 20 are fixed, but they can be adjusted for different market conditions.
Pros of the Strategy:
EMA Crossover Strategy: A classic and well-known strategy used by traders to identify the start of new trends.
Multiple Take Profit Levels: By taking profits progressively at different levels, the strategy locks in gains as the price moves in favor of the position.
Clear Trend Identification: The use of green and red bars makes it visually easier to follow the market's direction.
Risk Management: The stop-loss and take-profit features help to manage risk and optimize profit-taking.
Cons of the Strategy:
Lagging Indicators: The strategy relies on EMAs, which are lagging indicators. This means that the strategy might enter trades after the trend has already started, leading to missed opportunities or less-than-ideal entry prices.
No Confirmation Indicators: The strategy purely depends on the crossover of two EMAs and does not use other confirming indicators (e.g., RSI, MACD), which might lead to false signals in volatile markets.
How to Use in Real-Time Trading:
Use for Backtesting: Initially, use this strategy in backtest mode to understand how it would have performed historically with your preferred settings.
Paper Trading: Once comfortable, you can use paper trading to test the strategy in real-time market conditions without risking real money.
Live Trading: After testing and optimizing the strategy, you can consider using it for live trading with proper risk management in place (e.g., starting with a small position size and adjusting parameters as needed).
Summary:
This strategy is designed to identify trend reversals using EMA crossovers, with customizable take-profit levels and a stop-loss to manage risk. It's well-suited for traders looking for a systematic way to enter and exit trades based on clear market signals, while also providing flexibility to adjust for different risk profiles and trading styles.
Trailing Take Profit - Close Based📝 Description
This script demonstrates a new approach to the trailing take profit.
Trailing Take Profit is a price-following technique. When used, instead of setting a limit order for the take profit target exiting from your position at the specified price, a stop order is conditionally set when the take profit target is reached. Then, the stop price (a.k.a trailing price), is placed below the take profit target at a distance defined by the user percentagewise. On regular time intervals, the stop price gets updated by following the "Trail Barrier" price (high by default) upwards. When the current price hits the stop price you exit the trade. Check the chart for more details.
This script demonstrates how to implement the close-based Trailing Take Profit logic for long positions, but it can also be applied for short positions if the logic is "reversed".
📢 NOTE
To generate some entries and showcase the "Trailing Take Profit" technique, this script uses the crossing of two moving averages. Please keep in mind that you should not relate the Backtesting results you see in the "Strategy Tester" tab with the success of the technique itself.
This is not a complete strategy per se, and the backtest results are affected by many parameters that are outside of the scope of this publication. If you choose to use this new approach of the "Trailing Take Profit" in your logic you have to make sure that you are backtesting the whole strategy.
⚔️ Comparison
In contrast to my older "Trailing Take Profit" publication where the trailing take profit implementation was tick-based, this new approach is close-based, meaning that the update of the stop price occurs at the bar close instead of every tick.
While comparing the real-time results of the two implementations is like comparing apples to oranges, because they have different dynamic behavior, the new approach offers better consistency between the backtesting results and the real-time results.
By updating the stop price on every bar close, you do not rely on the backtester assumptions anymore (check the Reasoning section below for more info).
The new approach resembles the conditional "Trailing Exit" technique, where the condition is true when the current price crosses over the take profit target. Then, the stop order is placed at the trailing price and it gets updated on every bar close to "follow" the barrier price (high). On the other hand, the older tick-based approach had more "tight" dynamics since the trailing price gets updated on every tick leaving less room for price fluctuations by making it more probable to reach the trailing price.
🤔 Reasoning
This new close-based approach addresses several practical issues the older tick-based approach had. Those issues arise mainly from the technicalities of the TV Backtester. More specifically, due to the assumptions the Broker Emulator makes for the price action of the history bars, the backtesting results in the TV Backtester are exaggerated, and depending on the timeframe, the backtesting results look way better than they are in reality.
The effect above, and the inability to reason about the performance of a strategy separated people into two groups. Those who never use this feature, because they couldn't know for sure the actual effect it might have in their strategy, (even if it turned out to be more profitable) and those who abused this type of "repainting" behavior to show off, and hijack some boosts from the community by boasting about the "fake" results of their strategies.
Even if there are ways to evaluate the effectiveness of the tick-based approach that is applied in an existing strategy (this is out of the topic of this publication), it requires extra effort to do the analysis. Using this closed-based approach we can have more predictable results, without surprises.
⚠️ Caveats
Since this approach updates the trailing price on bar close, you must wait for at least one bar to close after the price crosses over the take profit target.
Two Take Profits and Two Stop LossThis script is for research purposes only. I am not a financial advisor.
Entry Condition
This strategy is based on two take profit targets, two stop loss, and scaling out strategy. The entry rule is very simple. Whenever the EMA crossover WMA, the long trade is taken and vice versa.
Take Profit and Stop Loss
The first take profit is set at 20 pips above the long entry and the second take profit is set at 40 pips above the long entry. Meanwhile, the first stop loss is set at 20 pips below the long entry and the second stop loss is set at the long entry.
Money Management
When the first take profit is achieved, half of the position is closed and the first stop loss is moved to the entry-level. The rest of the position is open to achieve either second take profit or second stop loss.
There are three outcomes when using this strategy. Let's say you enter the trade with 200 lot size and you are risking 2% of your equity.
1. The first outcome is when the price hits stop loss, you lose the entire 2%.
2. The second outcome is when the price hits the first take profit and you close half of your position. Meaning that you have gained 1%. Then you let the trade running and eventually it hits the second stop loss. Remember your first stop loss has changed to the second stop loss when the first take profit is achieved. The total loss is 0% because the price is at your entry-level. You have gained the earlier 1% and then lost 0%. At this point, you are at 1% gained.
3. The third outcome is similar to the second out but instead of hitting the second stop loss, the trade is running to your favor and hits the second take profit.
Therefore, you gained 1% from the first take profit and you gained another 2% for the second take profit. Your total gained is 3%
Summary
The reason behind this strategy is to minimize risk. with normal strategy, you only have two outcomes which are either win or loss. With this strategy, you have three outcomes which win 3%, win 1%, or loss 2%.
This is my similar strategy but with single stop loss
2x take profit, move stop loss to entryTwo 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 conditions used in this script are for illustrative purposes only and are not meant to be profitable.
Bollinger Bands
Used to show areas where price is moving outside of the normal range
Stochastic
Used to show overbought and oversold conditions.
Green dots are plotted when the K line crosses over its SMA. Red dots are plotted when the K line crosses under its SMA.
The option to use overbought/oversold thresholds is again illustrative.
Two Take Profit StrategyThis script is for research purposes only. I am not a financial advisor.
Entry Condition
This strategy is based on two take profit targets and scaling out strategy. The entry rule is very simple. Whenever the EMA crossover WMA, the long trade is taken and vice versa.
Take Profit and Stop Loss
The first take profit is set at 20 pips above the long entry and the second take profit is set at 40 pips above the long entry. Meanwhile, the stop loss is set at 20 pips below the long entry.
Money Management
When the first take profit is achieved, half of the position is closed. The rest of the position is open to achieve either second take profit or stop loss.
There are three outcomes when using this strategy. Let's say you enter the trade with 200 lot size and you are risking 2% of your equity.
1. The first outcome is when the price hits stop loss, you lose the entire 2%.
2. The second outcome is when the price hits the first take profit and you close half of your position. Meaning that you have gained 1%. Then you let the trade running and eventually it hits stop loss. The total loss is 0% because the remaining lot size which is 200/2=100 times by 20pips is 1%. You have gained the earlier 1% and then loss 1%. At this point, you are at break even.
3. The third outcome is similar to the second out but instead of hiring stop loss, the trade is running to your favor and hits the second take profit.
Therefore, you gained 1% from the first take profit and you gained another 2% for the second take profit. Your total gained is 3%
Summary
The reason behind this strategy is to minimize risk. with normal strategy, you only have two outcomes which are either win or loss. With this strategy, you have three outcomes which are win, loss or break even.
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
Moving Average Crossover Strategy with Take Profit and Stop LossThe Moving Average Crossover Strategy is a popular trading technique that utilizes two moving averages (MAs) of different periods to identify potential buy and sell signals. By incorporating take profit and stop loss levels, traders can effectively manage their risk while maximizing potential returns. Here’s a detailed explanation of how this strategy works:
Overview of the Moving Average Crossover Strategy
Moving Averages:
A short-term moving average (e.g., 50-day MA) reacts more quickly to price changes, while a long-term moving average (e.g., 200-day MA) smooths out price fluctuations over a longer period.
The strategy generates trading signals based on the crossover of these two averages:
Buy Signal: When the short-term MA crosses above the long-term MA (often referred to as a "Golden Cross").
Sell Signal: When the short-term MA crosses below the long-term MA (known as a "Death Cross").
Implementing Take Profit and Stop Loss
1. Setting Take Profit Levels
Definition: A take profit order automatically closes a trade when it reaches a specified profit level.
Strategy:
Determine a realistic profit target based on historical price action, support and resistance levels, or a fixed risk-reward ratio (e.g., 2:1).
For instance, if you enter a buy position at $100, you might set a take profit at $110 if you anticipate that level will act as resistance.
2. Setting Stop Loss Levels
Definition: A stop loss order limits potential losses by closing a trade when the price reaches a specified level.
Strategy:
Place the stop loss just below the most recent swing low for buy orders or above the recent swing high for sell orders.
Alternatively, you can use a percentage-based method (e.g., 2-3% below the entry point) to define your stop loss.
For example, if you enter a buy position at $100 with a stop loss set at $95, your maximum loss would be limited to $5 per share.
Example of Using Moving Average Crossover with Take Profit and Stop Loss
Entry Signal:
You observe that the 50-day MA crosses above the 200-day MA at $100. You enter a buy position.
Setting Take Profit and Stop Loss:
You analyze historical price levels and set your take profit at $110.
You place your stop loss at $95 based on recent swing lows.
Trade Management:
If the price rises to $110, your take profit order is executed, securing your profit.
If the price falls to $95, your stop loss is triggered, limiting your losses.
Parabolic SAR + Take Profit and Stop Loss By Nussara (strategy)Back test strategy for "Parabolic SAR + Take Profit and Stop Loss By Nussara" make it easy setting a strategy to estimate profits and losses.
This strategy uses Parabolic SAR . The Parabolic SAR is a technical indicator developed by J. Welles Wilder to determine the direction that an asset is moving. The indicator is also referred to as a stop and reverse system, which is abbreviated as SAR . It aims to identify potential reversals in the price movement of traded assets.
This indicator has a function to take profit and stop loss level.
Stop loss level = First reverse point of uptrend
Take profit level = Entry price + (Entry price-Stop loss level)
User can set a parabolic SARS and a profit point but I fixed stop loss level at first reversals point of uptrend. I also put alert for Buy, Sell, Stop Loss in this indicator.
This indicator is just a tool for technical analysis . It shouldn't be used as the only indication of trade because it causes you to lose your money. You should use other indicators to analyze together.
Trailing Take ProfitThis script demonstrates how to do trailing take profit. With this approach instead of setting a limit order, when you hit the target you just follow the price upwards (for long positions) and you sell when the price drops by a small percentage. This approach will increase the profits (slightly) in every strategy! Be aware that the simulated data may produce unrealistic results.
MA Crossover with Demand/Supply Zones + Stop Loss/Take ProfitStop Loss and Take Profit Inputs:
Added stopLossPerc and takeProfitPerc as inputs to allow the user to define the stop loss and take profit levels as a percentage of the entry price.
Stop Loss and Take Profit Calculation:
For long positions, the stop loss is calculated as strategy.position_avg_price * (1 - stopLossPerc), and the take profit is calculated as strategy.position_avg_price * (1 + takeProfitPerc).
For short positions, the stop loss is calculated as strategy.position_avg_price * (1 + stopLossPerc), and the take profit is calculated as strategy.position_avg_price * (1 - takeProfitPerc).
Exit Strategy:
Added strategy.exit to define the stop loss and take profit levels for each trade. The from_entry parameter ensures that the exit is tied to the specific entry order.
Flexibility:
The stop loss and take profit levels are dynamic and adjust based on the entry price of the trade.
How It Works:
When a buy signal is generated (MA crossover near a demand zone), the strategy enters a long position and sets a stop loss and take profit level based on the input percentages.
When a sell signal is generated (MA crossunder near a supply zone), the strategy enters a short position and sets a stop loss and take profit level based on the input percentages.
The trade will exit automatically if either the stop loss or take profit level is hit.
Example:
If the entry price for a long position is $100, and the stop loss is set to 1% while the take profit is set to 2%:
Stop loss level =
100
∗
(
1
−
0.01
)
=
100∗(1−0.01)=99
Take profit level =
100
∗
(
1
+
0.02
)
=
100∗(1+0.02)=102
Notes:
You can adjust the stopLossPerc and takeProfitPerc inputs to suit your risk management preferences.
Always backtest the strategy to ensure the stop loss and take profit levels are appropriate for your trading instrument and timeframe.
RSI with small Take Profit - Long-onlyThis script open a long position when RSI < 30 and close the position after a small take profit. No stop loss but if you analyse List of Trades then you'll see that several position are closed for unknow reason.
Buy Monday, Exit Tuesday with Stop Loss and Take ProfitStrategy to go long at end of Monday before market closes and exit before Tuesday close, or at stop loss or take profit percentages
This runs strategy on entering by weekday name and also by session time.
Implemented are also Take Profit and Stop Loss to exit position using custom inputs.
Added stoploss and take profit plot lines
Parabolic SAR Strategy With take profit and stop lossDo not make it too difficult!
This is my first strategy! I took the Parabolic SAR Strategy and added Stop Loss and Take profit, and I can see some fantastic results in 2h-3h-4h on some of the Crypto coins.
This is for training only, and I do not recommend using it as part of a trading bot, however, I do myself.
CRYPTO 3EMA Strategy with Take Profit & Stop Loss based on ATRSimple 3 EMA Strategy with plotted Take Profit and Stop Loss
Entry condition:
- Middle EMA cross above the Slow EMA
- Set take profit and stop loss exit conditions based on ATR Indicator
Exit condition:
- Fast EMA cross below the Middle EMA
Trailing Take Profit Trailing Stop LossThis script demonstrated a dual trailing take profit and stop loss strategy. Where you take 50% (configurable) of the profit when a price level is reached and then you get the rest when a trailing stop loss is hit.
Buying Dip Strategy With Take Profit And Stop Loss [racer8]"Buy low, sell high."
This system buys the dip and takes profit for a high win rate.
It uses an ATR take profit and ATR stop loss.
It buys the dip when the close is below the previous 7 day low.
Daily timeframe is best.
Enjoy ♡
Buy - Take Profit OR Stop Loss % BasedScript looks back for a certain period of time and than enter when price close above that look back period ema. Once enter it does not care for how many times price cross above or below. Once entered, it will either hit percenatage based take profit of stop loss.
Bitlinc MARSI Study AST w/ Take Profit & Stop loss - beta 0.1This script is beta 0.1 - will update as soon as the script is tradable
This script is based on AST on a 10 minute timeframe. You can change the asset and the timeframe for any asset you want to trade, but for it to work correct ALL settings have to be testes in the Strategy section of the TradingView. Each assets and timeframe require a different mixture of settings. This is NOT a one settings fits all trading for all assets on any timeframe. Below are the settings and explanation on how it works.
How it fires a buy / sell:
The script will plot an RSI with upper and lower bands in a separate indicator window. The idea behind this script is to fire a LONG when MA crosses OVER lower band and fire a SHORT when the MA crosses under the lower band. Each order that fires is an OCO (Order Cancels Order) for pyramiding.
Settings:
You have full control of these settings as mentioned above, you must configure every part of this script for each asset and timeframe you trade.
- Length of MA
- Length
- Upper bands of RSI
- Lower bands of RSI
- Take profit percentage
- Stop loss percentage
- Month to start and end the strategy (within 2020)
- Day to start and end the strategy (within 2020)
- Quantity type
- Slippage
- Pyramiding
***Remember that after the signal to enter or exit a trade is fired, the alert will trigger AFTER the close of the candle that caused the tigger to fire
