Auf geht's

Takeprofit

Trade Manager (Open Source Version)Hello my young padawans looking for the FORCE to get richer on your next trade I got pinged at least three times today asking where the hell is the indicator of the day. You asked, I delivered :) Here's your free open-source Trade Manager Version. My associates might kill me for sharing that one... anyway this is a real GIFT. I won't share such quality indicators too often for FREE so hope you'll appreciate its value. It can really help with your day to day trading (on top of making your charts looking more awesome) This is an even better version compared to my previous Trade Manager Trade-Manager . It's basically a standalone version, meaning you'll have to update with 2 lines your own indicator and follow my educational post from yesterday (pasted it below also) to learn how to do it Please read this educational post I published for you before proceeding further : How-to-connect-your-indicator-with-the-Trade-Manager From here you normally connected the data source of your own indicator to the Trade Manager. If not, here's a reminder of the article mentionned above Step 1 - Update your indicator For the screenshot you see above, I used this indicator : Two-MM-Cross-MACD/ . "But sir are you really advertising your other indicators here ??" ... hmmm.... YES but I gave them for free so ... stop complaining my friend :) Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!) So it should look to something similar nUP = ma_crossover and macd_crossover nDN = ma_crossunder and macd_crossunder What you will need to add at the very end of your script is a Signal plot that will be captured by the Trade Manager. This will give us : // Signal plot to be used as external // if crossover, sends 1, otherwise sends -1 Signal = (nUP) ? 1 : (nDN) ? -1 : na plot(Signal, title="Signal") The Trade Manager engines expects to receive 1 for a bullishg signal and -1 for bearish . Step 2 - Add the Trade Manager to your chart and select the right Data Source I feel the questions coming so I prefer to anticipate :) When you add the Trade Manager to your chart, nothing will be displayed. THIS IS NORMAL because you'll have to select the Data Source to be "Signal" Remember our Signal variable from the Two MM Cross from before, now we'll capture it and.....drumb rolll...... that's from that moment that your life became even more AWESOME The Engine will capture the last signal from the MM cross or any indicator actually and will update the Stop Loss, Take Profit levels based on the parameters you set on the Trade Manager It should work with any indicator as long as you're providing a plot Signal with values 1 and -1 . In any case, you can change the Trade Manager you'll find a better logic for your trading Now let's cover the different parameters of the tool It should be straightforward but better to explain everything here +Label lines : if unchecked, no SL/TPs/... will be displayed +Show Stop Loss Signal : Will display the stop loss label. You have the choice between three options : By default, the Stop Loss is set to NONE. You'll have to select a different option to enable the Stop Loss for real ++Percentage : Will set the SL at a percent distance from the price ++Fixed : SL fixed at a static price ++Trailing % : Trailing stop loss based on percentage level The following is a KEY feature and I got asked for it many times those past two days. I got annoyed of getting the same request so I just did it ++Trailing TP: Will move the Stop Loss if the take profit levels are hit Example: if TP1 is hit, SL will be moved to breakeven. If TP2 is hit, SL will be moved from TP1 to TP2 +Take Profit 1,2,3 : Visually define the three Take Profit levels. Those are percentage levels . Meaning if you set TP1 = 2, it will set the TP1 level 2% away from the entry signal Please note that once a Take profit level is reached, it will magically disappear. This is to be expected I'll share in the future a way more complete version with invalidation, stop loss/take profits based on indicator, take profit based on supports/resistances, ... I believe is such a great tool because can be connected to any indicator. I confess that I tried it only with a few... if you find any that's not working with the Trade manager, please let me know and I'll have a look PS I want to give a HUUUUUUUGE shoutout to the PineCoders community who helped me finishing it Wishing you all the best and a pleasant experience with my work David
Pine Script™ Indikator
von Daveatt
22
lamBOTghini-ALERTador & SL/TP V3I publish the code again in case someone is interested in learning. I am not an expert, I learned from others who published their scripts and for this reason I do the same. If someone tries to sell you a script it is because they do not make money with it in trading and they need to sell it to earn something. It is a simple combination algorithm of 3 EMA with stop loss and Take profit and with alerts. Enjoy! ¡Mucho ánimo a los Venezolanos! ¡Saludos desde España!
Pine Script™ Indikator
von UnknownUnicorn2151907
8
Babypips: Inside Bar Momentum StrategyThe strategy contained in this post comes courtesy of babypips (.com), an excellent resource for all thing forex related. If you are new to trading, the site is definitely worth checking out! Code commentary and an introduction to Inside Bars are available for this post on the Backtest-Rookies (.com) website. Note: If you are interested in custom development services, please check out our services page on the Backtest-Rookies site. Strategy Overview Inside Bar Momentum Strategy. Inside Bar Detection Position sizing based on stoploss distance ( Note: Based on equity and assumes that the account currency is the counter currency. Stop buys for entries Takeprofit / Stoplosses for exits Control Stopbuy, Takeprofit and Stoploss targets with inputs Control Backtest start/end dates
Pine Script™ Strategie
von BacktestRookies
9
MA ExtensionThis indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken (signalling the start of a bullish correction) that corresponds to the highs of the chart. The logic behind this indicator is that the breakouts of trendlines of an assets difference from an MA will precede corresponding breakouts of trendlines drawn on raw price. Kind of like Momentum, except it takes trend into account. Momentum has the same leading feature when it comes to drawing trendlines , but trendlines will be harder to draw due to the Momentum indicators oscillatory behavior.
Pine Script™ Indikator
von LegendaryStick
7
MA ExtensionThis indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken (signalling the start of a bullish correction) that corresponds to the highs of the chart. The logic behind this indicator is that the breakouts of trendlines of an assets difference from an MA will precede corresponding breakouts of trendlines drawn on raw price. Kind of like Momentum, except it takes trend into account. Momentum has the same leading feature when it comes to drawing trendlines , but trendlines will be harder to draw due to the Momentum indicators oscillatory behavior.
Pine Script™ Indikator
von LegendaryStick