Created
March 23, 2022 00:10
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Pinescript Set Stop Loss to breakeven
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| breakEvenActivated = input(true, title = 'Break Even Activated', type = input.bool, group="Weedy") | |
| breakEvenPercentage = input(1, title = 'At how many % will the break even stop loss be activated', step=0.1, type = input.float, group="Weedy") * 0.01 | |
| breakEvenProfitPercentage = input(0, title = 'Move Stop loss to x% profit', step=0.1, type = input.float, group="Weedy") * 0.01 | |
| isLong = strategy.position_size > 0 | |
| isShort = strategy.position_size < 0 | |
| if (breakEvenActivated) | |
| breakEvenLong = isLong and close > strategy.position_avg_price * (1 + breakEvenPercentage) | |
| breakEvenPriceLong = strategy.position_avg_price * (1 + breakEvenProfitPercentage) | |
| breakEvenShort = isShort and close < strategy.position_avg_price * (1 - breakEvenPercentage) | |
| breakEvenPriceShort = strategy.position_avg_price * (1 - breakEvenProfitPercentage) | |
| strategy.exit(id='Long', comment="Breakeven", stop=breakEvenPriceLong, when=breakEvenLong, qty_percent = 100) | |
| strategy.exit(id='Short', comment="Breakeven", stop=breakEvenPriceShort, when=breakEvenShort, qty_percent = 100) |
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