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Simple Pull Back Strategy 75 Win Rate

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Pravin Mandaokar
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684 views2 pages

Simple Pull Back Strategy 75 Win Rate

Uploaded by

Pravin Mandaokar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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/ This source code is subject to the terms of the Mozilla Public License 2.

0 at
https://mozilla.org/MPL/2.0/
// © ZenAndTheArtOfTrading / www.PineScriptMastery.com
// @version=5
strategy("Simple Pullback Strategy",
overlay=true,
initial_capital=50000,
default_qty_type=strategy.percent_of_equity,
default_qty_value=100, // 100% of balance invested on each trade
commission_type=strategy.commission.cash_per_contract,
commission_value=0.005) // Interactive Brokers rate

// Get user input


i_ma1 = input.int(title="MA 1 Length", defval=200, step=10,
group="Strategy Parameters", tooltip="Long-term MA")
i_ma2 = input.int(title="MA 2 Length", defval=10, step=10,
group="Strategy Parameters", tooltip="Short-term MA")
i_stopPercent = input.float(title="Stop Loss Percent", defval=0.10, step=0.1,
group="Strategy Parameters", tooltip="Failsafe Stop Loss Percent Decline")
i_lowerClose = input.bool(title="Exit On Lower Close", defval=false,
group="Strategy Parameters", tooltip="Wait for a lower-close before exiting above
MA2")
i_startTime = input.time(title="Start Filter", defval=timestamp("01 Jan 1995
13:30 +0000"), group="Time Filter", tooltip="Start date & time to begin searching
for setups")
i_endTime = input.time(title="End Filter", defval=timestamp("1 Jan 2099 19:30
+0000"), group="Time Filter", tooltip="End date & time to stop searching for
setups")

// Get indicator values


ma1 = ta.sma(close, i_ma1)
ma2 = ta.sma(close, i_ma2)

// Check filter(s)
f_dateFilter = time >= i_startTime and time <= i_endTime

// Check buy/sell conditions


var float buyPrice = 0
buyCondition = close > ma1 and close < ma2 and strategy.position_size == 0 and
f_dateFilter
sellCondition = close > ma2 and strategy.position_size > 0 and (not i_lowerClose
or close < low[1])
stopDistance = strategy.position_size > 0 ? ((buyPrice - close) / close) : na
stopPrice = strategy.position_size > 0 ? buyPrice - (buyPrice *
i_stopPercent) : na
stopCondition = strategy.position_size > 0 and stopDistance > i_stopPercent

// Enter positions
if buyCondition
strategy.entry(id="Long", direction=strategy.long)

if buyCondition[1]
buyPrice := open

// Exit positions
if sellCondition or stopCondition
strategy.close(id="Long", comment="Exit" + (stopCondition ? "SL=true" : ""))
buyPrice := na
// Draw pretty colors
plot(buyPrice, color=color.lime, style=plot.style_linebr)
plot(stopPrice, color=color.red, style=plot.style_linebr, offset=-1)
plot(ma1, color=color.blue)
plot(ma2, color=color.orange)

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