2x take profit, move stop loss to entry — Strategy by fpsd4ve
By fpsd4ve
Performance Metrics
- Author: fpsd4ve
- Symbol: BYBIT:BTCUSDT
- Timeframe: 15 minutes
- Net P&L: +35.22 USDT (+3.52%)
- Win Rate: 40.5%
- Profit Factor: 1.094
- Max Drawdown: 40.23 USDT (3.96%)
- Total Trades: 847
- Sharpe Ratio: 0.472
Description
Two take profit targets moving stop loss to entry after first take profit hitThis strategy shows a method to achieve the following trade management:1) Open a position with two take profit targets2) When first take profit is hit, move the stop loss to entry price3) Position is closed when either second take profit is hit or position is stopped out at entryTrading ConditionsThe trading conditions used in this script are for illustrative purposes only and are not meant to be profitable.Bollinger BandsUsed to show areas where price is moving outside of the normal rangeStochasticUsed to show overbought and oversold conditions.Green dots are plotted when the K line crosses over its SMA. Red dots are plotted when the K line crosses under its SMA.The option to use overbought/oversold thresholds is again illustrative.