How to code a TRAILING STOP LOSS in Pine Script
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LESSON SOURCE CODE: https://courses.theartoftrading.com/pages/how-to-code-a-trailing-stop-loss-in-pine-script
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Want to learn Pine Script? Look no further. I have you covered!
This lesson demonstrates various methods we can use to code trailing stop losses in Pine Script to lock in profits in strategy scripts – including ATR and Percentage-based variants with several parameters.
With over 16 years of coding experience and 5+ years of profitable trading experience, I specialize in TradingView’s Pine Script programming language and I’m here to pass on everything I’ve learned about both trading and coding.
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â–¼Timestampsâ–¼
00:00 – Intro & Overview
01:05 – Script Settings
05:35 – Preparing Trailing Stop Variables
08:20 – Calculating Trailing Stop Price
16:13 – Updating Trailing Stop Price & Alerts
23:23 – Exiting Based On Candle Closes
25:20 – Final Summary
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