Daveatt

BEST Trailing Take Profit Strategy

Hello traders

Hope you enjoyed your weekend on my behalf. Was staying home working ... ^^
This is my first strategy educational post I'm doing ever
While I'm generally against posting strategies because it's very easy to fake performance numbers... I cannot prevent myself from sharing a few cool strategy snippets anyway.

So from now on, I'll be sharing a few strategies also - generally not to showcase performance but only to show what pinescript can do.
As once again strategy performance can be faked is so many ways... :)

What's on the menu?

We all know what a trailing-stop is. right? right? Ok... sharing the definition here :)

A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor's favor. The order closes the trade if the price changes direction by a specified percentage or dollar amount.

But...do you know what a trailing profit is?

Short definition: Well the same but with your profit limit order.
Long definition: A trailing profit is designed to increase your gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor's favor. The order closes the trade if the price hits the trailing profit level specified percentage or dollar amount.

Some trading strategies used both a trailing stop AND trailing profit. Not making any recommendation here - only sharing what's possible in the realm of trading and pinescripting

Trigger me I'm famous

I developed many trading strategies in my career and often I've been asked to trigger a trailing-stop or trailing-profit once a certain % move has been made.
I integrated here a Take Profit trigger - once hit, it will activate the trailing profit

On the screenshot below, the TP trigger is plotted in orange. Once the price goes past that level for the first time, I'll start trailing the profit level.
In other words, when we see a price makes an interesting move in percentage value - we decide to offset the profit as we concluded that once it reached such distance - then it leads often to more profit

Of course, using only a trailing profit without stop/trailing-stop/invalidation isn't smart and the surest way to kiss goodbye a trading capital and trading and your good mood


See you tomorrow for another strategy snippet

All the BEST
Dave
Dec 09
版本注释: - Removed some debug plots
Dec 09
版本注释: - Changed the strategy position names
从常用的脚本中删除 添加到常用的脚本
hello what are the red and green dot indicate? and what does is it mean by BEST?
回复
Daveatt CryptoManiac01
@CryptoManiac01, The green and red dots are the two moving averages cross mentioned above
BEST is my brand as I'm the owner of Best Trading Indicator
I probably overuse it ^^
+1 回复
@Daveatt, Thanks
回复
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 剧集 如何运作 图表功能 价格 网站规则 pine大师 版主 网站 & 经纪商解决方案 插件 图表解决方案 轻量图表库 帮助中心 推荐朋友 功能请求 博客 & 新闻 Twitter
概述 个人资料设置 账号和账单 推荐朋友 我的客服工单 帮助中心 已发表观点 粉丝 正在关注 私人消息 聊天 退出