Pine Script TRAILING Stop Loss [Version 5] 💹

[@marcpiolat4982]

Great job, very clear explanations, thanks you for sharing your knowledge

[@FinancialProgrammingwithRitvik]

Glad it was helpful!

[@NathanEarlTallTales]

i just wanted to take time and say thank you! After watching other videos and getting a grasp of how to set trailing stops, your teaching tied the loose ends for me. Much appreciated!

[@FinancialProgrammingwithRitvik]

Thanks :)

[@GODOFWAR30100]

I diffidently learned something new and will be coming back for more. great work! 🙌

[@FinancialProgrammingwithRitvik]

Glad to hear it!

[@tyronew3532]

thank you as always sir. learning how to use bloomberg with python for my internship and your video was best one i found on the topic

[@FinancialProgrammingwithRitvik]

Great to hear!

[@KanadaAlevi]

Great tutorial. I had no clue on how I could code StopLoss and TakeProfit options using PineScript. Thank you and keep up the good job

[@FinancialProgrammingwithRitvik]

My pleasure!

[@joonoonoo9643]

Would you make a video one how CFA knowledge helps you when doing financial programming stuffs?

[@joonoonoo9643]

I'm considering studying CFA

[@FinancialProgrammingwithRitvik]

Noted!

[@bratanoff]

Thnks for the video. It will be quite interesting to see the video on how to merge the parameters from different indicators, - for example RSI crossover signal and MA indicator crossover together in one script to enter the position with stop loss.

[@FinancialProgrammingwithRitvik]

Noted

[@hug4love]

Great work and thanks for showing live coding in pine script

[@FinancialProgrammingwithRitvik]

My Pleasure!

[@FinancialProgrammingwithRitvik]

𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐦𝐞 𝐛𝐲: 👀 Becoming a 𝐏𝐚𝐭𝐫𝐞𝐨𝐧 Member: www.patreon.com/fpritvik

[@yanneklyudov2518]

Very positive video and energy, hope you make more of this content in the future

[@FinancialProgrammingwithRitvik]

Thank you, I will

[@jhicinternational]

Fantastic brother 👍

[@FinancialProgrammingwithRitvik]

Thank you! Cheers!

[@ryand6604]

I am so excited to have found this video series! i will have subscribed and cannot wait to see the code in the google drive. thank you!!!

[@FinancialProgrammingwithRitvik]

Welcome aboard!

[@bhxrxni_]

you are good at explaining man!!

[@FinancialProgrammingwithRitvik]

I appreciate that!

[@3RiversSQ]

Thanks for this knowledge, do you know how to place SL in indicator not in strategy??

[@FinancialProgrammingwithRitvik]

It's the same way.

[@threelittlebirdsblue3334]

Thanks bro. been looking for this much appreciated :)

[@FinancialProgrammingwithRitvik]

My Pleasure!

[@diegotrujillo9602]

Something good! Great tutorials, simple and let ready to start doing your own stff

[@FinancialProgrammingwithRitvik]

Thanks :)

[@mkemon4856]

Very nice video, very helpful

[@FinancialProgrammingwithRitvik]

Glad it was helpful!

[@jjfg3960]

Super helpful vids. Keep em coming!

[@FinancialProgrammingwithRitvik]

Thanks, will do!

[@TayTaySongs]

Thank you for all you do and this Stop Loss video was great. Any way you can model selling part at one level and then let the runner run? Example, you buy 10 contracts, sell 7 at level X and then let 3 run with a stop loss of X points? It would also be great if you could show how to tie into trading companies, i.e. create your own bot for auto trading (webhooks specifically)

[@FinancialProgrammingwithRitvik]

Great idea!

[@aashajawaharlal4855]

Great work

[@FinancialProgrammingwithRitvik]

Thank you! Cheers!

[@circolitica]

Thanks a lot!! Nice info.

[@FinancialProgrammingwithRitvik]

Glad it was helpful!

[@Burak-ix4bi]

Great work, thanks sir!

[@FinancialProgrammingwithRitvik]

Glad you liked it!

[@Tun77xx77]

Great video, thank you so much Sir.

[@FinancialProgrammingwithRitvik]

So nice of you

[@mohdhamizi1431]

Thank you. A good sharing for the community. 👍👍👍

[@FinancialProgrammingwithRitvik]

Very welcome

[@AntonyNishanth-yj3ou]

Need a guidance. Consider an option was purchased at the close of a green/red candle and want to have a trailing stop loss after 2 or 5 candles till there is candle which is about to break the close of previous (2nd or 5th) candle. Eg -> Tradingview 1minute chart -> Bought - BankNifty 43000 CE -> 4 green candles after 4 minutes -> 5th candle is red and a very long one, more than previous 3 candles. How to exit before it goes lower than the opening of 4th candle and then at the same time buy a 43000 PE or 42900 PE? When ever i exit a CE trade trough stop loss i.e. strategy.exit(stop=loss) after it has hit a loss of 17 to 20 points how to i buy immediately a PE trade before the Candle closes. I know the code is executed after each close or every tick. But every tick is the worst option and after close the bank nifty candle are almost at super loss.

[@ramesh964]

Sir , it will be of great help if you can tell me how to create AlertCondition in pine script or the alternative way , as alertcondtion is not allowed in strategies(v5) , as i have to create message in third party (options).......

[@FinancialProgrammingwithRitvik]

Please stay tuned. An entire playlist is coming on my Channel on Alerts and Webhooks.

[@thomasmuller7733]

Good Tutorial! Thanks. 😊

[@FinancialProgrammingwithRitvik]

My pleasure!

[@pawebogatu9449]

you deserve more than one like

[@FinancialProgrammingwithRitvik]

Thanks :)

[@pawebogatu9449]

@@FinancialProgrammingwithRitvik do you have maybe a discord or some telegram chat ? Would love to talk to people with similar knowledge

[@vladdanga2279]

Nice!

[@FinancialProgrammingwithRitvik]

Thank you! Cheers!

[@satyamnaidugokeda645]

I wanted to thank you for your help.

[@FinancialProgrammingwithRitvik]

My pleasure!

[@chickscratcher3]

thanks for making this easy!

[@FinancialProgrammingwithRitvik]

You're so welcome!

[@gilroy9282]

Thank you for this!!

[@FinancialProgrammingwithRitvik]

My pleasure!

[@soniabasdan1458]

exceptionally Helpful sir, god bless you. please keep going

[@FinancialProgrammingwithRitvik]

Thanks :)

[@sachadavidson6527]

Thanks for this tutorial

[@FinancialProgrammingwithRitvik]

You're welcome 😊

[@sisterfood7751]

Super helpful. Thanks.

[@FinancialProgrammingwithRitvik]

Glad it was helpful!

[@shreyass4792]

Is there a way to automate the signals to the broker terminal and execute the trades?

[@FinancialProgrammingwithRitvik]

Depends on the broker, however, in most of the cases it won't be possible. You will have to write a Python code for the trading bot.

[@IneffablePanther]

love the intro

[@FinancialProgrammingwithRitvik]

Thanks :)

[@akramtoumani4431]

thank you sir, i learned a lot

[@FinancialProgrammingwithRitvik]

You are welcome

[@theignorantentrepreneur]

Great video. The only thing I don't understand is the "1000000000.0" value for "price_stop_short." What's the significance there?

[@FinancialProgrammingwithRitvik]

It is just a big number to make the calculations easier. You may ignore it.

[@theignorantentrepreneur]

@@FinancialProgrammingwithRitvik so it's a placeholder value that's intended never to be hit, essentially triggering a "false?"

[@louiedyer2550]

Hello mate great video, so does this automatically stop you out a position with your broker?

[@FinancialProgrammingwithRitvik]

We just need to connect with some broker's API to do this.

[@saftcoral23]

You're so funny! I love your jokes

[@FinancialProgrammingwithRitvik]

My pleasure!

[@testconnect5272]

Great explanation

[@FinancialProgrammingwithRitvik]

Glad it was helpful!

[@sandeeppatil082]

Very Good Informative

[@FinancialProgrammingwithRitvik]

Thanks :)

[@jrsy8854]

hi is this applicable to Binance broker ? sorry im kinda newbie

[@FinancialProgrammingwithRitvik]

It's on Tradingview and applicable on all brokers which provide pricing data.

[@gr131]

Thanks, great video. Is it possible to Trail Take Profit?

[@FinancialProgrammingwithRitvik]

Yup... Same logic but on the target profit side.

[@curiouskittycat5977]

Hi. A while back I paid for the google drive access, but I can't remember how to access it. Any chance you can provide a link so I at least attempt to access it? Thank you

[@FinancialProgrammingwithRitvik]

Hi, please reach out to my team at [e-mail] if you are facing any issues with opening the drive.

[@twezo]

When you’re backtesting, tradingview doesn’t account for the volitility of the current candle. So it will say it trailed the stop loss but price in that candle came and stopped you out. Please can you explain how to make the back testing more realistic??

[@FinancialProgrammingwithRitvik]

I understand your point. Tradingview has some limitations. In order to perform proper thorough backtesting, I recommed you do the analysis in Python.

[@tdaweladvices8794]

Great Video. Thanks.

[@FinancialProgrammingwithRitvik]

Glad you liked it!

[@santoshshetti1379]

Thanks for the video. please provide access for code

[@FinancialProgrammingwithRitvik]

I have provide access to all new members. I hope you have got it by now. Thanks :)

[@yocko13]

I applied to your Google drive. Please allow me access. Thanks. I am learning a lot from your videos... Great work!

[@FinancialProgrammingwithRitvik]

I have given access to all new members. Have you got it by now?

[@yocko13]

@@FinancialProgrammingwithRitvikNot yet. I changed my email, please check. Thanks for your kindness

[@dmitriys4279]

where I can get the code from this video? Nice bit box ;)

[@FinancialProgrammingwithRitvik]

Thanks :) The code is saved in my google drive. kzbin.info/door/yMifqUrSntvvrrGMaVPkrwcommunity?lb=UgwZRm2WrR2BqVk_ho54AaABCQ

[@praveenkarthikeyan5136]

Where can i get the above given sample code?

[@FinancialProgrammingwithRitvik]

I do share my google drive with members. For more information, click here: kzbin.info/door/yMifqUrSntvvrrGMaVPkrwcommunity?lb=UgwZRm2WrR2BqVk_ho54AaABCQ

[@klangfarbeblau9087]

Thanx a lot for this. Greetings from Germany!!!

[@FinancialProgrammingwithRitvik]

You're very welcome!

[@kamyargilak]

Thanks for the helpful trailing Stop loss video

[@FinancialProgrammingwithRitvik]

My pleasure!

[@ivanlebedev009]

Долго искал что-то подобное. Класс!

[@FinancialProgrammingwithRitvik]

Большое спасибо. Пожалуйста, следите за обновлениями, чтобы увидеть больше видео.

[@RohitKumar-mc8nz]

Bro, make a video on how can we make 5 minute candlestick from 5 (1 minutes ) candlestick's open,high,low and close data available in yahoo finance api.

[@user-ew9uj8pu2g]

It's simple once value is gathered in CSV format or in pandas dataframe... Just apply logic using Excel first then try to implement it in python using pandas

[@nirekbrahmbhatt6672]

Great Information

[@FinancialProgrammingwithRitvik]

Glad it was helpful!

[@edgarayala349]

thanks for the video

[@FinancialProgrammingwithRitvik]

You're welcome

[@pa253]

Why aren't you using strategy.exit() with trail_price and trail_offset?

[@siraajshaikh3264]

Very clear

[@FinancialProgrammingwithRitvik]

Glad it helped

[@Griffindor21]

Can you put a trailing stop loss in a tradingview order?

[@FinancialProgrammingwithRitvik]

Couldn't understand. Please elaborate.

[@Griffindor21]

@@FinancialProgrammingwithRitvik what I meant was when you put an order in Tradingview, whether long or short, can you add a trailing stop loss automatically? Thanks

[@sevencampbell]

Thanks for this - I copied the code from your Google Drive as a new strategy but the plots dont show on my charts .. the stoploss lines

[@FinancialProgrammingwithRitvik]

Are you getting any error?

[@navnathnavale1790]

Great Initiative👌

[@FinancialProgrammingwithRitvik]

Keep watching

[@FinancialProgrammingwithRitvik]

Keep watching

[@graphixguruji451]

great

[@FinancialProgrammingwithRitvik]

Thanks :)

[@deicide2324]

hi, my alert not working as well as my backtested data showed, I think it was trailing stop function causing. How do I avoid this?

[@FinancialProgrammingwithRitvik]

Buy and Sell signals are not getting generating? Sorry couldn't understand your question.

[@andykach503]

thanks a lot

[@FinancialProgrammingwithRitvik]

You are most welcome

[@wahid.1]

very helpful

[@FinancialProgrammingwithRitvik]

Glad it helped

[@kostyapopov6284]

Wow!

[@FinancialProgrammingwithRitvik]

Thanks

[@GaryBourneChristian]

hello, can you automate pinescript to pineconnector to MT4?

[@kimweeng5358]

Nice tutorial, love the intro man. Maybe can start a music career >

[@FinancialProgrammingwithRitvik]

Haha, Thanks

[@amarnathaluri8248]

Thank you sir

[@FinancialProgrammingwithRitvik]

So nice of you

[@amarnathaluri8248]

@@FinancialProgrammingwithRitvik pls provide access to google drive sir

[@nisanthks011]

hello sir.. thanks for the video. how can see the script as the Google forms link i can't find in the description.

[@FinancialProgrammingwithRitvik]

Please refer the link for more info: kzbin.info/door/yMifqUrSntvvrrGMaVPkrwcommunity?lb=UgwZRm2WrR2BqVk_ho54AaABCQ

[@michaeljulianusechebautist1884]

you do amazing, thanks

[@FinancialProgrammingwithRitvik]

I appreciate that!

[@srikanthchaudhuri319]

❤️ TYSM!

[@FinancialProgrammingwithRitvik]

My pleasure!

[@joonoonoo9643]

I love the intro

[@FinancialProgrammingwithRitvik]

haha, thanks ;)

[@martianacademy]

Nike testing achi he sir aapki

[@FinancialProgrammingwithRitvik]

Haha, Thanks :)

[@Exzal123]

Damn why pinescript can't just make a function for it... It's so complicated

[@FinancialProgrammingwithRitvik]

I understand the pain. That's why I tried to make it as simple as possible.

[@thecoinjob]

nice

[@FinancialProgrammingwithRitvik]

THANKS :)

[@donbastardo7673]

Like + Sub just for the mic test alone :-)

[@FinancialProgrammingwithRitvik]

haha, thanks.

[@tarekayoub]

I am looking for somone to create a pine script for a trailing stop strategy..it's a little complex :) Anyone interested?

[@FinancialProgrammingwithRitvik]

I hope you find someone ;)

[@sergg7671]

👍👍👍

[@FinancialProgrammingwithRitvik]

Thanks :)

[@maxfotografc9771]

Keep up the good work. very good explanation. I am waiting for the access to google drive but when I type the code I get error on the following line. stopvalue_long := close - stop_loss_amount undeclared identifier: 'stop_loss_amount' I have joined your telegram channel as well. :-)

[@maxfotografc9771]

figured out the error. I was missing a line. Its working now.

[@FinancialProgrammingwithRitvik]

Great :)

[@tophacker4626]

Bhaiya ,I have made an indicator , I want to show it to you how can I contact you.

[@jorgmuller85]

Hello everyone, I have a question: I need a code for: when TP2 is reached, an SL should be set on the entry price but only after reaching TP2. can someone help me? thanks in advance

[@kailashphani2805]

Great work and thanks for showing live coding in pine script

[@FinancialProgrammingwithRitvik]

Glad it was helpful!

[@testconnect5272]

Great explanation

[@FinancialProgrammingwithRitvik]

Glad it was helpful!