OPEN-SOURCE SCRIPT
multiple orders - strategy - educational

Hi,
Here is a 'template', using array's, for multiple orders and different SL/TP levels per trade (This is an example with max 5 open trades)
The 'switch' makes sure that the first available position will be used,
for example, when 'L1' is closed in the past, and a buy condition is triggered, position 'L1' will be filled,
should it be that 'L1', 'L2', 'L3' are already filled, then position 'L4' will be filled, ...
An extra table is added with data of the trades
Be aware, the 'Buy and Hold' resembles the profit when 100% of the available equity has been bought at the time of the very first trade and sold now. On the other hand, the positions work with a % of equity, 20% per trade (5 x 20 = 100%)
You can see that every trade exits on its own terms, without interference of other trades
Important, this technique only works if in the strategy() function:
- close_entries_rule -> set at 'ANY'
- pyramiding is set at max amount of trades or higher (in this case 5 or higher)
Cheers!
Here is a 'template', using array's, for multiple orders and different SL/TP levels per trade (This is an example with max 5 open trades)
The 'switch' makes sure that the first available position will be used,
for example, when 'L1' is closed in the past, and a buy condition is triggered, position 'L1' will be filled,
should it be that 'L1', 'L2', 'L3' are already filled, then position 'L4' will be filled, ...
An extra table is added with data of the trades
Be aware, the 'Buy and Hold' resembles the profit when 100% of the available equity has been bought at the time of the very first trade and sold now. On the other hand, the positions work with a % of equity, 20% per trade (5 x 20 = 100%)
You can see that every trade exits on its own terms, without interference of other trades
Important, this technique only works if in the strategy() function:
- close_entries_rule -> set at 'ANY'
- pyramiding is set at max amount of trades or higher (in this case 5 or higher)
Cheers!
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tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.