Most profitable pine script strategy reddit. Yes, I know back testing does not guarantee future results.
Most profitable pine script strategy reddit strategy Only trade these as its the most profitable and consistent for me. I did get this same strategy down to 313 trades in the year, 60. Pine was designed as a lightweight language focused on the specific task of developing Hello, I randomly searched Reddit for pine script and found one of your posts. EMA200 filter ‘Long only’ filter One way to convert Pine Script to a format that can be run in MT5 or NinjaTrader. enter. We’ll need to add these in Pine Script. Pine Script™ Stock TradingView has designed their own scripting language called Pine Script. With Pine Script, traders can define their own technical indicators, backtest trading strategies, and visualize the results on TradingView’s interactive charts. I'm trying to program 3 take profit targets in a pine strategy. profit is probably low because your positionsize is probably low. I've got hundreds of hours creating strategies in Pine Script and the biggest issue is actual results differing so much from back test results. One way is to write the code directly in MQL for MT5 or NinjaScript for NinjaTrader. entry' and press control while you click. This works fine. Or check it out in the app stores My simple PROFITABLE day trading strategy that I use after 3 years of basically trying everything. As the title says, I wrote a pinescript strategy for NQ that is trend based designed for the 3m timeframe and only trades 1 contract a time. The value TradingView has designed their own scripting language called Pine Script. entry(id = "Long Entry", direction = strategy. The entrance I managed to do alone. The entry for a trade is carefully thought out and the take profit/stop loss is just put at maybe highs/lows of candles to signed support/resistance. Can someone tell me why this is happening as when I try it on other stocks it only has like 0. Check the strategy with and without enabling the intraday timing and take profit ,Stoploss ,you will see huge difference in outputs. However, I see no qty_percent in the strategy. If you specify you want to trade percent of account not fixed amount, then it trades the percent of strategy. This guide is extensive, but if you remember only three things, let them be these key takeaways. maxprofit would be largely beneficial, especially from a back testing standpoint. Doing this manually would take too much time, which is why I was thinking of creating some kind of loop that would go through all input combinations and “pick” the most profitable ones. Recently stupid simple puts on spy with 3:1 profit ratio sell stop limits to protect against loss and take profits when it hits. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! TradingView has designed their own scripting language called Pine Script. If you don't tie your orders to 1 tick data or use high fill resolution, your backtest will be wildly different than reality. Yes, I know back testing does not guarantee future results. Hi guys. Apr 29, 2023. Expand the code and print as pdf. This is one of the most complex screener on tradingview using pine script ever created by me , this screener scan a certain buy and sell conditions over 40 different assets and generate signals for them ( the circle represents the buy / Most Profitable (and Realistic) TradingView Strategy In 2022; Gold Spot / U. How To Apply The Script: Apply the script to your chart by clicking the ( Add to Favourite Scripts )\u2028 BSO = Buy Stop Order The BSO symbol will appear once a valid trade opportunity presents itself. Help Center: • TradingView Help Center: Categories Pine. I just crossed + $375,000 in profits after 18 months of full time day trading. Backtesting is a crucial process in trading that allows traders to evaluate the viability of their strategies using historical data. You can see the potential this trading script has, as you can see we have back tested this from the start of 2023 to now with 10k balance without scaling achieved 842% TradingView has designed their own scripting language called Pine Script. By doing this Strategy calculates the win and loss based on the above criteria. This article will cover everything from the basics of Pine Script to advanced TradingView has designed their own scripting language called Pine Script. I wrote my first TradingView script back in 2014. I've been experimenting with loads of indicators and strategies for short term trading (3 to 5 minutes), but so far have been unable to find a strategy that gives me a winrate of around 80%. Cause it often does. BUT BE AWARE!!! 🚩 My Socials & More Free Content: https://theartoftrading. 5% parameter is calculated to cover commission costs. 04% drawdown. To maximize the percentage win ,factors ,and to reduce drawdown ,set/adjust the Take profit and Stoploss values . c. Copy and paste the code on your Pine console. 905 Profit Factor, 5. When the parameter calc_on_order_fills = true is specified in the strategy function, the Backtesting Engine performs an additional calculation inside the bar after the order is TradingView has designed their own scripting language called Pine Script. I am also sharing with you some key tips that allowed me to become consistently profitable. Also one last thing like you said position can be configured. Backtesting strategies using Pine This is a community for requesting new features, helping others, and asking questions about TradingView. Setting up and checking the performance report of one of the most realistic strategy signals on TradingView. Help Hello Community, English is not my first language) for my own „strategy“, but sadly failed so far, as I only have Basic and Turbo Pascal experience 👴 I then tried to let ChatGPT (4, as no plus payer) and another one which pretends to know pine script 5 (don’t know the name), but the debugger TradingView has designed their own scripting language called Pine Script. It allows users to create, backtest, and optimize trading strategies using its proprietary programming language, Pine Script. These alerts can be set based on a variety of conditions, including price movement Note that: The strategy() function call declares that the script is a strategy named “Simple strategy demo” that displays visuals on the main chart pane. profit to check if if the closed trades were in profit or loss. It allows users to create custom indicators and run them on their servers. Contribute to Alorse/pinescript-strategies development by creating an account on GitHub. Advertisement Coins. TradingView is a popular platform that provides traders with powerful tools for market analysis and strategy development. I've been coding strategies for bitcoin in Pine script for a month. Any useful links for how to create pine scripts for this purpose? I don't find indicators useful enough to use but if I could put my own strategy in one I'm sure I'd change my mind. 5. theartoftrading. percent_of_equity, default_qty_value=100) You can use the strategy builder for very simple strategies, but I'd suggest learning NinjaScript to get more out of NT strategies. Having some experience with pine script backtesting - make sure your algorithm does not look ahead. These are my favourite Tradingview indicators. Some Indicators come as strategies - look for the chart diagram symbol next to the indicator. For those who don't know, it calculates the Average True Range of a given instrument to generate a very effective placement for our stop loss and Take profit area's. If you already saw these updates, you can ignore this. I've been able to create what I consider a mad decent strategy but I need some help with creating a percentage based take profit and stop loss. Strategies using the parameter calc_on_order_fills = true. I can sleep at night because spy has tons of volume and doesn’t move too fast so don’t really worry about my stop limit being skipped over. However, All I can find is strategy. • Pine Script® v5 User Manual • Pine Script® language reference manual. Books that helped me get profitable programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. entry, unlike strategy. Pine script new trading strategy on the SPY 15min Discussion Share Sort by: Best. My bots made me about 19% within 2 weeks, so I'm happy about that. It uses ICT Unlock the power of trading by mastering the most effective Pine Script strategy to optimize your gains and minimize risks. Upload that merged pdf into the But it's getting to the point where I realize a huge hole in Pine is the inability to look at the entire portfolio (it's only one stock at a time). Check the moving averages and relative strength of the stock and restrict yourself to only solid, profit making companies. Dollar 2 1 85 85. This folder includes scripts that allow for up to 40 alerts. Yes, you could add a counter for each direction, and then reference strategy. then you can backtest the performance. Fortunately, this is a relatively easy operation and a great opportunity for learning some basics of Pine Script editing. Use a custom gpt title write a script to merge them into a single pdf. If conditions are favorable, the strategy will not trigger the Break Even and will go for the Trailing Take Profit. exit and when I use it strategy. Here is my code; //@version=5 strategy("My Script", overlay=true, default_qty_type=strategy. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. Active Communities: • Stack Overflow • Pine Script chat on TradingView • PineCoders Pine Script® Q&A on Telegram. I wanted to buy using 50% of the equity if condition1 is satisfied, and 100% if condition2 is satisfied. intraday. Regards, As you can see on the screenshot, this simple strategy can make deals at prices that are very close to the maximum/minimum ones. So I've been looking into other tools that can look at strategies from a portfolio perspective, filter a basket of stocks to find the best ones for the strategy, and handle risk management on positions. I'm aiming for a strategy whereby I could use a 10x leverage, experimented a lot, lost a fair but and won nice amounts as well. Members Online. 2. My point is that the TP/SL are not thought out well enough. This strategy works exclusively on the XAU/USD symbol and is optimized for the 15-minute time frame. 5% profit. How do i delete this from Pine Script so I can add another one. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. The strategy is quite simple: if the price crosses below a moving average, I sell, if it crosses above, I buy. Our founders and team read every post, so please be respectful and let's have constructive conversations. My DCA style trading strategy is based on a modified version of vix (by Larry Williams in 2007), which seems to work pretty well on most volatile trading assets. Any help would be appreciated! Welcome to FXGears. Use the pine editor in tradingview to write trading strategies: Based on the super trend technical indicators, in the 4-hour price chart, the closing price of the k-line when the buying and selling signal appears is the buying price, and the stop profit and stop loss are the buying price plus or minus Uptrend Prices for Begins/Downtrend Begins TradingView has designed their own scripting language called Pine Script. Win Rate: The percentage of winning trades. S. As an example your entry and exit mat look like this: TradingView has designed their own scripting language called Pine Script. By incorporating multiple factors, this strategy identifies high-probability trades with I think the most successful indicator would be a good mentor, who is an active, successful($10mil + active, profitable trades) non institutional trader what strategies for stocks do you consider most reliable and successful? for example: IPOs, quarterly reports, etc. I have a strategy coded in Pinescript (by a developer I'm working with) so I can back test in a mechanical fashion, and currently have two take profit levels based on % of price increase (they both take profit on the open candle when the price level his hit). Ultimately I'd like to screen this for a 15 min or hourly timeframe. In the time since I coded hundreds of indicators and strategies in Pine Script. 06% profitable, 1. We will need to add three things in Pine Script to make this work. Initial balance is 100k. Hope that helps. This superb body of work constitutes unmistakable proof of the liveliness, ingenuity, and relentless creativity of the generous traders/programmers who not only give their time to write amazing scripts, but . This is a community for requesting new features, helping others, and asking questions about TradingView. long, qty = 1) However, I don't understand how to place the Take Profit and Stop Loss ??? I have tried to place these amounts in the Linilt and sstop0 options, in the strategy. The 1. I'm part of the trusted pine script developers on TradingView. For that reason, we'd like to show you some of our latest updates to the Pine Script editor. I've managed to develop about 8 working strategies to long bitcoin on different intervals (1 min, 15min, 1h,4h). It is a trailing break even so the profit can be higher. 2 - 2) but higher Profit% (average 15% Then go through strategies that best implement position Size and risk management. Yeah, my initial comment was maybe a bit harsh. This indicator is dedicated to ICT traders. Premium Powerups strategy or library. Another way is to use a third-party tool or service such as PineConnector to automate your Pine Script strategy through TradingView alerts. introduce. Engage with the community on platforms like Reddit’s r/algotrading or TradingView has designed their own scripting language called Pine Script. Blog: • TradingView Blog: Search Pine. Or check it out in the app stores TOPICS many Pinescript strategies on TradingView on 12 different stocks of different sectors/industries and found 2 profitable strategies on the Daily Timeframe. closedtrades. Curated list of noteworthy TradingView Strategies, Indicators and Alert Scripts for Trading Bots (PineScript) - just-nilux/awesome-tradingview TradingView has designed their own scripting language called Pine Script. I've tried to copy and paste some good stop losses but the strategy is still using it's original exit. 4. Most of these scripts were selected on the basis of their potential to be useful in trading; others will be more useful to Pine coders. 3. Otherwise you can build your own server (using something like Python) and the difficulty can vary depending how complex your strategy is, and the strength of the API from your broker, but it's generally a tough process especially if you have very little coding experience, and usually still requires some monthly cost for server space. Pine Script’s simplicity and user-friendly syntax make it accessible to Complete TradingView Pine Script trading strategies for various trading styles: trend following, price action, mean reversion, countertrend, and volatility. Welcome to FXGears. Access to this strategy is available via link in bio, or DM me. In Script using strategy. Pine was designed as a lightweight language focused on the specific task of developing indicators and strategies. I try to set some strategy with Pine Script, but in order to have the right simulation I would like to emulate the spread of EURUSD of my broker. In this guide, we will delve into Pine Script, TradingView's proprietary scripting language, to help you backtest your trading strategies effectively. But for those of you who missed it, you'll want to make sure you understand all the new features that have come to our Pine Script Editor - it'll improve your coding experience in a number of way. 5% profit margin? Pine script is one of the most used features of the TradingView platform. – SMB Magic SMB Magic Overview: SMB Magic is a powerful technical strategy designed to capture breakout opportunities based on price movements, volume spikes, and trend-following logic. The indicator uses stochastics and std dev. Then port it to another Script strategy for Trading View. also can be configured in the proeprties tab of the strategy. I also trade a price action strategy that my indicator TradingView has designed their own scripting language called Pine Script. If the daily of the spy is in a downtrend, only trade tickers: TradingView has designed their own scripting language called Pine Script. So I’m looking for tips or to pay someone to help. equity, but this value contains also open unrealised profit, thus it is opening positions for not existing money. I used to dev in pine script as the tv feedback loop is quite fast. Backtesting says it’s made about 170k over the last 3 years based on one contract. I have a handful of pine script strategies that are profitable that I ran on another platform for over a year. 0 coins. One has a low profit factor (1. (in case there are two or more open paralel orders) Here is the problem, I have no idea how to write a pine script or code on a different platform. There is strategy. you can count all those events and review it in a spread sheet. So i was wondering if pine script is was considered an algo trading program language, and if so does it have any vantage in comparison to python? programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. ; The margin_long and margin_short arguments in the strategy() call specify that the TradingView has designed their own scripting language called Pine Script. 3 Month Back testing results: 70% win rate 1. I got started programming trading scripts back in 2011. Since then I’ve coded plenty of indicators and strategies. While in pine script, hold the cursor over 'strategy. Now, for the exit, I wanted to do it based on a percentage of the price I entered. I just like trading a little more frequently and feel like it minimizes each loss I ported pine script to other algo trading backtests and the results came out similar and often better. Eventually you will have some that work and make profit most of the time. Feb 6, 2022. In the below code, when the condition to go long is triggered, an entry is opened with a quantity of 100. You could also set up alerts inside your pine script that send messages to a webhook, which trigger your trades. Backtest the strategy for a spot market. Now it just shoots the buy and sell signals and I trade off them. I’m looking to create a strategy on TradingView based on 3 existing custom indicators and I don’t know programming. I Through a series of curated example scripts, I’ll walk you through the fundamental concepts and advanced techniques of Pine Script, enabling you to design, test, and refine your trading hypotheses in a dynamic, real-time Get the Reddit app Scan this QR code to download the app now. It buys on dips, which are identified by colored peaks in a histogram chart. Note. com/courses/pine-script-basi TradingView has designed their own scripting language called Pine Script. ) you hit a predefined take profit: the trade results in profit. Coding strategies is crucial for effective trading as it enables you to automate decision-making processes, ensuring consistent TradingView has designed their own scripting language called Pine Script. This brings up the manual and what exactly must be put into each part of the condition. In this Pine Script tutorial I'll provide a practical gateway TradingView has designed their own scripting language called Pine Script. Say I wrote a script which gives me buy and sell signal- I want to run my pine script on every stock and give me a list of potential stocks to buy. I have a strategy now that is relatively simple 70% profitable and 1. TradingView provides various metrics to evaluate your strategy’s performance: Net Profit: The total profit or loss generated by the strategy. Get the Reddit app Scan this QR code to download the app now. The title pretty much sums it up. I don’t mean a simple take profit, obviously, but a code that stops the strategy from trading once a profit target is reached. However, if I back test a strategy with a 70% win rate, and then I deploy the strategy and lose 12 of the first 15 trades, it's pretty TradingView has designed their own scripting language called Pine Script. Introduction. maxloss (or something like) but a strategy. OR you can use the built in function of the strategy tester. Feel free to submit papers/links of things you find interesting. Keep it simple strategy. Pine was designed as a lightweight language focused on the specific task of developing TradingView has designed their own scripting language called Pine Script. I have created a TradingView script to backtest and live trade it so you can easily try it for yourself. 3 profit factor 31% Account P/L TradingView has designed their own scripting language called Pine Script. Managed to get the max drawdown to 13k. If anyone can help me find a platform to use my script on I will allow opportunities for investments. Because I get different results when I use strategy. The strategy tries to close the trade as soon as possible taking at least 1. TradingView has designed their own scripting language called Pine Script. Discipline and not greed will make you money. It does seem like there's some sort of AI analysis beyond simply copy/pasting code snippets. Have tried so many different strategies and blown so many accounts, but found one that works and have coded it into a tradingview pine script. exit. (4 profitable) TradingView has designed their own scripting language called Pine Script. Diversify and make sure you can survive any draw downs. Example: if when I bought the price was 1000, I want my take profit to be 1020 and stoploss 990. I have recently been learning to pine code. The Bitcoin script is a combination of crucial indicators that align across multiple timeframes. close. It can quite honestly turn a failing strategy into consistently profitable strategy if used correctly and can benefit both price action & algorithmic traders. Don't take too many risks and ideally invest max 5% in one stock and sell when indicators are either turning bearish or you have met your target. Most of TradingView’s built-in indicators have been coded in Pine. BTCUSD. Something like the below, off the top of my head: // INITIALIZE VARIABLES var shortTrades = 0, var longTrades = 0 var nextTrade = 'either' // COUNT TRADES AND OPEN POSITIONS if longCondition and nextTrade == 'either' or Custom Pine Script help needed . entry options but that doesn't seem to help. So I wrote up a certain strategy with different inputs which need to be tested. com🚩 FREE Pine Script Basics Course: https://courses. These are: Chart visualization (plotting) for the Donchian Channels. \u2028 Once the BSO candle closes it will provide you the parameters for a Buy Hello, I have two questions. 78 profit factor. . exit apart from the fact that you can add more parameters in strategy. close vs strategy. This post is my holistic approach to risk management that any trader can TradingView has designed their own scripting language called Pine Script. By leveraging these techniques effectively, you can create sophisticated tools tailored to your specific trading needs. It seems to at least understand the basic concepts of (1) getting input, (2) calling a function to calculate something and assign it to a variable, and (3) plotting the variable. Should it go to Creating custom scripts by combining various indicators is highly beneficial in developing robust Pine script strategies for crypto trading. Today I want to share with you my EUR/USD scalping strategy that has helped me become consistently profitable. If you need to integrate a trailing stop loss to your strategy for okay, but can you explain the difference between strategy. For example, I know now that the spread is 0. TradingView's Pine Script coding language has emerged as the leading tool for traders looking to craft custom indicators and strategies with accuracy and ease. All my Strategies. When my SMIO strategy is backtested on UVXY it has a crazy profit margin. I'll post all of my profitable strategies So I have made a pine script strategy and set alerts but the alerts trigger as soon as conditions for an entry are met, I only want the strategy to open a position or close one if the last candle (at the close of that candle would be when the alert is triggered) meets the requirements for an entry. com, a trading forum run by professional traders. 00022 EUR, I wonder how I can integrate this number. lxarc oasyrr qchej xyc kea jopgp tdohp faxhis xobv xfdtbrk