OPEN-SOURCE SCRIPT
8 Whittle Down

The system is designed to short on directionally negative instruments like VXX & SQQQ
RED LINE == STOP LOSS LINE
GREENLINE == PROFIT TARGET FOR THE 1ST TRADE
YELLOW LINE == ADD ON SHARES TO THE TRADE
WHITE LINE == PROFIT TARGET FOR THE 1st & 2nd TRADE COMBINED
Let me know if you have any questions and I'll try to clarify
- The system only shorts, no longs
- It enters a pilot position if the system has no trades open at the time is in the late afternoon
- It uses a 200-day moving average as a filter and will only short if the price is below the 200 day moving average
- The pilot position will only enter with 1/3 ( one third ) of the total expected position size
- StopLossPerc sets the stop loss, (1.15) means it is set to a 15% stop loss. -- The Red Line
- The system will buy additional shares for a full position if the pilot piston profit target was not reached
- The full shares position is set to purchase at a higher price. T2EntTrgPerc sets the buy percentage target for the additional shares. -- The Yellow Line
- Each entry has different settable profit targets. T1ProfTrgPerc sets the profit target for the first trade (0.95) is basically set to a 5% profit.
- T2ProfTrgPerc sets the profit target for the second trade (0.90) is basically set to a 10% profit. -- The White Line
RED LINE == STOP LOSS LINE
GREENLINE == PROFIT TARGET FOR THE 1ST TRADE
YELLOW LINE == ADD ON SHARES TO THE TRADE
WHITE LINE == PROFIT TARGET FOR THE 1st & 2nd TRADE COMBINED
Let me know if you have any questions and I'll try to clarify
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。