theCrypster

Fixed Percent Stop Loss & Take Profit % - For Study Scripts

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Fixed Percent Stop Loss & Take Profit % - { FOR STUDY SCRIPTS! }
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A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price - This is for setting Alerts within your own Study Script for when either your SL or TP get hit.
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 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!

Set your "Open Long/Short" Alerts to be triggered "Once per Bar Close" - Set your "SL/TP" Alerts to trigger "Once per Bar".

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We wrote this with a bit of a rush on! ~ If you spot any mistakes/bugs just let us know and we'll get round to them asap!

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Good Luck and Happy Trading!
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?
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https://www.theCrypster.com
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> Full Access on our website. 7-Day Free Trial. Crypto Tipster & Crypto Scalper Strategies. Stunning Past Performance
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https://twitter.com/TCrypster
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Komentar

Hi mate thanks for this! Do you also have an example for multiple take profit levels? e.g. 3 levels. Thanks!
+5 Jawab
As usual u r the best excellent work..keep it up..
+4 Jawab
@Pollard, Thanks! That means a lot! We've been working hard recently trying to improve our products and services, including writing this code! Thought it was too valuable for fellow Pine coders to keep under lock and key!
Jawab
Thanks for sharing.
Jawab
can you make MT4 indicator AMA opt final slope or Forexsignal30-extream ?
Jawab
The script does not set the values correctly. With a tp of 2.5%, we actually have 2.44%. And these values are floating.
Jawab
Hello, I want to compliment you on a very good script for alerts. I used this strategy of yours with minor modifications. But unfortunately in one very ugly way I discovered one big flaw in the script. Namely, on August 2, 2020, btc had a correction of approximately 17% in 2 minutes. I had a strategy on the 15 min chart. The basis was cross ema 7 / sma 2, when btc dropped so fast, there was an instant cross 7/21 and it automatically opened the signal for short and canceled the stop loss to long although short was not actually confirmed yet because it was not close. So I was immediately liquidated. What I tried was to put offset 1 for the signal, in fact that's how it should print the signal, not on the current candle, but after the confirmed cross after the close candle, on the close / open candle. In fact, your strategy repaint. If you could correct this mistake, I would be grateful.
Jawab
cryptodestroyer cryptodestroyer
@cryptodestroyer, Although I put offset 1, the script is not behaving as it should, so this is beyond my knowledge.
Jawab
cryptodestroyer cryptodestroyer
@cryptodestroyer, Stop loss should be the mechanism that defends me, meaning if the cross is confirmed with the next open above the cross long is open, and the stop loss is set and they stand there until it is touched, then kick me out of the trade or until the next confirmed cross below. I hope you understand.
Jawab
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