OPEN-SOURCE SCRIPT
Updated Trailing TP Bot

• Crossover-based Trend Strategy using two simple moving averages (SMAs)
• Includes Take Profit and optional Trailing Take Profit
• Trades both long and short
• No pyramiding, i.e., one position at a time
• Includes Take Profit and optional Trailing Take Profit
• Trades both long and short
• No pyramiding, i.e., one position at a time
Release Notes
Core Idea• Trend-following SMA crossover strategy that:
• Enters long when the fast SMA crosses above the slow SMA.
• Enters short when the fast SMA crosses below the slow SMA.
⸻
Exits
1. Take Profit (TP)
• Configurable fixed % target for both long and short trades.
• Optional trailing take profit that moves in your favor as price moves.
2. Stop Loss (SL)
• Fixed 3% (configurable) protective stop for both long and short trades.
• Runs independently of TP/trailing logic so either can trigger first.
⸻
Execution Rules
• Only trades within the configured date range (fromDate to toDate).
• One position at a time (pyramiding=0).
• Commission set at 0.07% per trade.
• Positions sized at 100% of equity for each trade.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.