RedFlag — Strategy by hamster-bot

By hamster-bot

Performance Metrics

Description

Sep 11Counter-trend strategyCondition to open a long position:Buys if the price drops by a specified percentage from the previous candle’s close. Only one purchase can be made within a single candle.Condition to close a position:Places a separate individual closing limit order for each purchase, or uses one common take-profit order for the whole position.⚠️ Attention: Stop-loss is not implemented in the current first version of the strategy.Options description:Drop_percent, % — Percentage drop in price from the From pointFrom — The reference point on the closed candle from which the Drop_percent is calculated (Open, Close, High, Low)Tp, % — Take-profit level as a percentageCount — Number of allowed additional purchases (scaling in)Each_tp — Mode switch:True — a separate take-profit is placed for each purchaseFalse — one common take-profit is placed based on the average entry price of the positionSep 12Release Notesfix TP price calculation Sep 12Release NotesFix entry count limit

Browse all 5,900+ TradingView Pine Script strategies

View on TradingView