Sathya: Breakout
If you are interested in development services, please visit the backtest-rookies website.
Features
- Entry on a breakout from second candle of the session
- Breakout tolerance zone to prevent false breaks
- Take profit
- Stop loss
- Timed exit (exit at a specific time of day)
- Changed stoploss and TP to be set from no of rupees rather than %
- Allow re-entry if price crosses back over the breakout levels
- Short and Long trades now have a separate close time
- Add switch for long/short entries
- use stop orders for entries instead of market orders
- Add switches for TP and timed exits
Precondition: Check whether the first candle is the high of the day before the breakout candle.
Broke Open=High/Low precondition into two separate conditions.
- Added RSI Precondition
- Added x bars exit
- ATR Based Stoploss
- ATR Based TP
Invite-only script
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Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact BacktestRookies directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.