Trailing Take Profit

17 Apr 2021

This script demonstrates how to do trailing take profit. With this approach instead of setting a limit order, when you hit the target you just follow the price upwards (for long positions) and you sell when the price drops by a small percentage. This approach will increase the profits (slightly) in every strategy! Be aware that the simulated data may produce unrealistic results.

3 Mei 2021

Nota Keluaran

• Add min and max input val
  
• Simplify the strategy order commands
  
• Simplify long Take profit price plot command
  

4 Mei 2021

Nota Keluaran

• Use close source to define the profit price
  
• Set offset to the plot of TP price
  

24 Mei 2021

Nota Keluaran

• Check if time is within backtest period to prevent unecesary calculation and print inside the area of interest
  
• Replace deprecated transp argument with color.new
  

7 Ogo 2021

Nota Keluaran

• Use strategy.percent_of_equity
  
• Draw lines with width 1
  

11 Okt 2021

Nota Keluaran

• Update pinescript to V5
  
• Take profit step to 0.05 deviation to 0.01
  
• Transparency deprecation fix
  

28 Nov 2021

Nota Keluaran

• Let's face it a Green-Red color model is more intuitive!
  

1 Jan 2022

Nota Keluaran

• Happy New Year!
  
• Many code refactorings and optimizations to better use this script as a template and plug your own strategy at ease
  

12 Jan 2022

Nota Keluaran

• (minor) refactoring
  

3 Jul 2022

Nota Keluaran

• Use time_filters library
  

3 Jul 2022

Nota Keluaran

• Minor revision update
  

9 Jul 2022

Nota Keluaran

• Replace deprecated "when=" with if statements in strategy calls
  

13 Jul 2022

Nota Keluaran

• Change fastMA default color to yellow
  

29 Jul 2022

Nota Keluaran

• Increase max labels to 150
  
• Increase max lines to 150
  
• Minor refactoring
  

9 Ogo 2022

Nota Keluaran

• Update time_filters library
  

2 Sep 2022

Nota Keluaran

• Some minor label/color changes
  

10 Jan 2023

Nota Keluaran

• small refactoring
  

17 Jan 2023

Nota Keluaran

• Update time_filters library version
  

19 Mac 2023

Nota Keluaran

• Update time_filters library version
  

30 Nov 2023

Nota Keluaran

• Use the 'chrono_utils' library for the date-time window filter
  

17 Sep 2024

Nota Keluaran

• Add different alert messages per event
  
• Update 'chrono_utils' library
  

1 Mac

Nota Keluaran

Update to pinescript version 6