Most profitable pine script strategy reddit 06% profitable, 1. It allows users to create custom indicators and run them on their servers. It buys on dips, which are identified by colored peaks in a histogram chart. Use a custom gpt title write a script to merge them into a single pdf. Incorporate these measures to safeguard your assets while leveraging Pine Script’s capabilities for creating robust trading strategies. The algorithm is based on a set of well-documented strategies, each with its own weight (weighted strategy). The indicator uses stochastics and std dev. It uses ICT killzones, as well as pivot points that could be used as potential liquidity levels. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Copy and paste the code on your Pine console. In my experience, it takes between 4 and 6 seconds between the strategy sending the buy/sell signal and the exchange executing it. Notation & operators are almost identical to Python, so if you underst Then go through strategies that best implement position Size and risk management. Doing this manually would take too much time, which is why I was thinking of creating some kind of loop that would go through all input combinations and “pick” the most profitable ones. EMA200 filter ‘Long only’ filter Since a trader cannot receive this data in real trading, strategies built around it can produce unrealistically profitable results when backtesting, while in real-time trading these trades would be losses. Backtest the strategy for a spot market. Backtest Strategies Rigorously: Before deploying any Pine Script strategies for crypto trading, ensure they are thoroughly backtested to understand potential risks and returns. But it's getting to the point where I realize a huge hole in Pine is the inability to look at the entire portfolio (it's only one stock at a time). commission and spread + slippage are considered in the strategy, with a trailing breakEven of 1. That explains why the profit is so high; real life broker commissions are much higher and have a big impact on profitability. I can create a Pine script that makes 8 billion % profit right now using trailing stops on Pine script when backtesting. Upload that merged pdf into the knowledge. Then port it to another platform or maybe python depending what it was doing. It’s a long only script, that only tells you when to enter before the breakouts, by drawing a yellow square on the bottom of the chart. Script strategy for Trading View. Welcome to FXGears. These scripts are the ones that caught our attention while analyzing the two thousand or so scripts published each month in TradingView's Public Library, the greatest repository of indicators in the world. Apr 14, 2024 · Designing the “best” Pine Script strategy for Forex depends on various factors, including your trading style, risk tolerance, and specific market conditions. I have a handful of pine script strategies that are profitable that I ran on another platform for over a year. These are: Chart visualization (plotting) for the Donchian Channels. As for the documentation, the way I went about it was reverse engineering a lot of publicly available scripts. This indicator is dedicated to ICT traders. I used to dev in pine script as the tv feedback loop is quite fast. Pine is what I use for 90% of my backtesting (Occasionally use TOS to set up v v quick backtests). Its point-and-click strategy builder for NinjaTrader has no-code features such as over 1,900 no-code functions built-in (over 1,000 for TradeStation), support for no-code loops (including loops inside of loops), no-code lists, no-code single-dimensional arrays, and no-code multi-dimensional arrays (all of which can hold millions of items), and May 1, 2020 · We present you with our selection from the open-source indicators published this month on TradingView. com Feb 19, 2022 · I have been developing a fully customizable Algorithmic Trading Weighted Strategy in Pine Script for the last year in my spare time. So I've been looking into other tools that can look at strategies from a portfolio perspective, filter a basket of stocks to find the best ones for the strategy, and handle risk management on positions. Now it just shoots the buy and sell signals and I trade off them. . Jul 17, 2024 · We’ll need to add these in Pine Script. These are my favourite Tradingview indicators. Load more… See full list on github. Dec 14, 2024 · Pine Script is a domain-specific programming language created by TradingView for developing custom technical indicators and strategies. Read the details of the pine script in Tradingview. Recently (over 1 year), I have been backtesting many Pinescript strategies on TradingView on 12 different stocks of different sectors/industries and found 2 profitable strategies on the Daily Timeframe. com, a trading forum run by professional traders. Spend 40+ prompts fine-tuning it to write strategies until it does so without out errors. Fortunately, this is a relatively easy operation and a great opportunity for learning some basics of Pine Script editing. Many strategies look good, but as soon as you calculate the commissions, they turn red. 5% on downtrends. It's a nice example of how a simple strategy can make large gains. Expand the code and print as pdf. Yes, but you can either use it in forward testing, or in the strategy tester. The mistake of using information from the future in the strategies is also called look-ahead bias. TradingView has designed their own scripting language called Pine Script. Try the following pine script code for free for 7 days. One thing I noticed is that the calculated commission for the 3941 trades is just $0. Pine was designed as a lightweight language focused on the specific task of developing indicators and strategies. 16. My DCA style trading strategy is based on a modified version of vix (by Larry Williams in 2007), which seems to work pretty well on most volatile trading assets. Most of TradingView’s built-in indicators have been coded in Pine. It is designed to be user-friendly, allowing traders and developers to write scripts with relatively few lines of code compared to other programming languages. Have tried so many different strategies and blown so many accounts, but found one that works and have coded it into a tradingview pine script. TradingView Home › Pine Script tutorials › Example strategies So I wrote up a certain strategy with different inputs which need to be tested. I just like trading a little more frequently and feel like it minimizes each loss and each win a little more. 905 Profit Factor, 5. I did get this same strategy down to 313 trades in the year, 60. Complete TradingView Pine Script trading strategies for various trading styles: trend following, price action, mean reversion, countertrend, and volatility. We will need to add three things in Pine Script to make this work. In strategy tester (backtesting) mode, Pine doesn't treat trailing stops correctly. 04% drawdown. gaihxib esvc wiwto bizvo xgv cvin gemm svh shdxz mnum