Strategy Multiple Orders + Statistics Template - Educational

Hello traders

It's been a while
We're back in a bear market so I have a bit more time to publish new Pine scripts for the TradingView community

Special thanks to @fikira for his Multiple Orders script (and to @carnagecain for allowing me to publish this script we worked together on

I got widely inspired by @fikira's script for that one

This script is for educational purposes only - I wanted to show how we can add multiple TPs /SL + a table with custom statistics

In this Strategy template, users can define multiple take-profit and multiple stop-loss levels.
Basically, we have 4 trades per trend and each trade has its own SL/TP


Stats are split per trade direction (Long, Short) and then consolidated

I put custom stats in that table such as:

- Probability of Win
- Probability of Loss
- Avg Profit/Loss per Trade
- APPT: (Probability of Win * Average Gross Profit) - (Probability of Loss * Average Loss)
- Number of times each TP/SL has been hit

I'm catching up with all recent pinescript features as we speak - more educational scripts template to come soon

Best Regards

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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.


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.

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