Strategy Code Example - Risk Management by JayRogers
By JayRogers
Performance Metrics
- Author: JayRogers
- Symbol: FX:EURUSD
- Timeframe: 30 minutes
- Net P&L: +1,082.26 GBP (0.00%)
- Win Rate: 45.8%
- Profit Factor: 1.648
- Max Drawdown: 287.72 GBP
- Total Trades: 192
Description
*** THIS IS JUST AN EXAMPLE OF STRATEGY RISK MANAGEMENT CODE IMPLEMENTATION ***For my own future reference, and for anyone else who needs it.Pine script strategy code can be confusing and awkward, so I finally sat down and had a little think about it and put something together that actually works (i think...)Code is commented where I felt might be necessary (pretty much everything..) and covers:Take ProfitStop LossTrailing StopTrailing Stop Offset...and details how to handle the input values for these in a way that allows them to be disabled if set to 0, without breaking the strategy.exit functionality or requiring a silly amount of statement nesting.Also shows how to use functions (or variables/series) to execute trade entries and exits.Cheers!