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i'm a pretty newbie at this topic and all my knowledge about pine script is diced together out of available open-source scripts and what i remind from school ;). Right now i want to make an indicator where the stoploss (then for the hole position) moves after takeprofit2 to breakeven, but i got pretty big problems here and tried already several versions but don't get the result i want. I would very appreciate if somebody can help me here!

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TP1Perc = input.float(title="Long Take Profit 1 (%)", minval=0.0, step=0.1, defval=2, group="TP & SL") 
TP2Perc = input.float(title="Long Take Profit 2 (%)", minval=0.0, step=0.1, defval=4, group="TP & SL")
TP3Perc = input.float(title="Long Take Profit 3 (%)", minval=0.0, step=0.1, defval=4, group="TP & SL")
TP4Perc = input.float(title="Long Take Profit 4 (%)", minval=0.0, step=0.1, defval=4, group="TP & SL") 

TP1_Ratio = input.float(title="Sell Postion Size % @ TP1", defval=50, step=1, group="TP & SL", tooltip="Example: 50 closing 50% of the position once TP1 is reached")/100
TP2_Ratio = input.float(title="Sell Postion Size % @ TP2", defval=50, step=1, group="TP & SL", tooltip="Example: 50 closing 50% of the position once TP2 is reached")/100
TP3_Ratio = input.float(title="Sell Postion Size % @ TP3", defval=50, step=1, group="TP & SL", tooltip="Example: 50 closing 50% of the position once TP3 is reached")/100
TP4_Ratio = input.float(title="Sell Postion Size % @ TP4", defval=50, step=1, group="TP & SL", tooltip="Example: 50 closing 50% of the position once TP4 is reached")/100


// Calculate moving averages
//fastSMA = ta.sma(close, FastPeriod)
//slowSMA = ta.sma(close, SlowPeriod)

// Calculate trading conditions
//enterLong  = ta.crossover(fastSMA, slowSMA)


// Plot moving averages
//plot(series=fastSMA, color=color.green, title="Fase MA")
//plot(series=slowSMA, color=color.red, title="Slow MA")

// STEP 2:
// Figure out take profit price
percentAsPoints(pcnt) =>
    strategy.position_size != 0 ? math.round(pcnt / 100.0 * strategy.position_avg_price / syminfo.mintick) : float(na)

percentAsPrice(pcnt) =>
    strategy.position_size != 0 ? ((pcnt / 100.0) + 1.0) * strategy.position_avg_price : float(na)


 
current_position_size = math.abs(strategy.position_size)
initial_position_size = math.abs(ta.valuewhen(strategy.position_size[1] == 0.0, strategy.position_size, 0))   
    
TP1  = strategy.position_avg_price + percentAsPoints(TP1Perc) * syminfo.mintick * strategy.position_size / math.abs(strategy.position_size)
TP2  = strategy.position_avg_price + percentAsPoints(TP2Perc) * syminfo.mintick * strategy.position_size / math.abs(strategy.position_size)
TP3  = strategy.position_avg_price + percentAsPoints(TP3Perc) * syminfo.mintick * strategy.position_size / math.abs(strategy.position_size)
TP4  = strategy.position_avg_price + percentAsPoints(TP4Perc) * syminfo.mintick * strategy.position_size / math.abs(strategy.position_size)


// Submit entry orders
if buySignal and in_date_range  == true
    strategy.entry('Long', strategy.long, when=buySignal, alert_message='Open Long Position')

if sellSignal and in_date_range  == true
    strategy.entry('Short', strategy.short, when=sellSignal, alert_message='Open Short Position')

// STEP 3:
// Submit exit orders based on take profit price

if strategy.position_size > 0 
    strategy.exit("TP1", from_entry="Long", qty = initial_position_size * TP1_Ratio, limit = TP1)
    strategy.exit("TP2", from_entry="Long", qty = initial_position_size * TP2_Ratio, limit = TP2)
    strategy.exit("TP3", from_entry="Long", qty = initial_position_size * TP3_Ratio, limit = TP3)
    strategy.exit("TP4", from_entry="Long", qty = initial_position_size * TP4_Ratio, limit = TP4) 
    strategy.close('Long', when=sellSignal, alert_message='Close Long Position')

if strategy.position_size < 0 
    strategy.exit("TP1", from_entry="Short", qty = initial_position_size * TP1_Ratio, limit = TP1)
    strategy.exit("TP2", from_entry="Short", qty = initial_position_size * TP2_Ratio, limit = TP2)
    strategy.exit("TP3", from_entry="Short", qty = initial_position_size * TP3_Ratio, limit = TP3)
    strategy.exit("TP4", from_entry="Short", qty = initial_position_size * TP4_Ratio, limit = TP4) 
    strategy.close('Short', when=buySignal, alert_message='Close Short Position')
    
// Plot take profit values for confirmation
plot(series=(strategy.position_size > 0) ? TP1 : na, color=color.green, style=plot.style_circles, linewidth=1, title="Take Profit 1")
plot(series=(strategy.position_size > 0) ? TP2 : na, color=color.green, style=plot.style_circles, linewidth=1, title="Take Profit 2")
plot(series=(strategy.position_size > 0) ? TP3 : na, color=color.green, style=plot.style_circles, linewidth=1, title="Take Profit 3")
plot(series=(strategy.position_size > 0) ? TP4 : na, color=color.green, style=plot.style_circles, linewidth=1, title="Take Profit 4")

`

Already tried:

Pine script code, stop to breakeven. but cant figure out and Pine Script (TradingView) - How to move a Stop Loss to the Take Profit level

without getting the result i want.

Dobule D
  • 1

0 Answers0