rthomson

Simple Trailing Buy & Stop Strategy

Allows you to backtest a simple percentage based trailing stop, with a trailing buy. Experiment with different percentages on different timeframes for different charts.

For BTCUSD , on daily 4.3% stop and 1.9% buy works well, while on 4hr a 1.5% stop and 1.9% buy works best.

Please comment with any other combos that work well for you on different markets or timeframes.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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