Trailing Take Profit

This 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.

Versionshinweise:

• Add min and max input val
  
• Simplify the strategy order commands
  
• Simplify long Take profit price plot command
  

Versionshinweise:

• Use close source to define the profit price
  
• Set offset to the plot of TP price
  

Versionshinweise:

• Check if time is within backtest period to prevent unecesary calculation and print inside the area of interest
  
• Replace deprecated transp argument with color.new
  

Versionshinweise:

• Use strategy.percent_of_equity
  
• Draw lines with width 1
  

Versionshinweise:

• Update pinescript to V5
  
• Take profit step to 0.05 deviation to 0.01
  
• Transparency deprecation fix
  

Versionshinweise:

• Let's face it a Green-Red color model is more intuitive!
  

Versionshinweise:

• Happy New Year!
  
• Many code refactorings and optimizations to better use this script as a template and plug your own strategy at ease
  

Versionshinweise:

• (minor) refactoring
  

Versionshinweise:

• Use time_filters library
  

Versionshinweise:

• Minor revision update
  

Versionshinweise:

• Replace deprecated "when=" with if statements in strategy calls
  

Versionshinweise:

• Change fastMA default color to yellow
  

Versionshinweise:

• Increase max labels to 150
  
• Increase max lines to 150
  
• Minor refactoring
  

Versionshinweise:

• Update time_filters library
  

Versionshinweise:

• Some minor label/color changes
  

Versionshinweise:

• small refactoring
  

Versionshinweise:

• Update time_filters library version
  

Versionshinweise:

• Update time_filters library version
  

Versionshinweise:

• Use the 'chrono_utils' library for the date-time window filter