10PreBuyer.pine

Script Name: 10PreBuyer
Author: HermanBrummer
Description: Quite a simple system

 
  Uses a moving average, the blue line to try and get filled at favorable prices
  The MA is multiplied by a number (e.g. .90) which means the system tries to get filled at a 10% lower price (on the Blue MA line)
  This means that stop limit buy orders have to be set in advance on the blue line and hope that they would get filled when...
PineScript code:

Pine Script™ strategy
10PreBuyer
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//@version=4
// >> 3D 1.2 target, .9 loss
strategy("10PreBuyer", "", 1)
length              = input(10)
multiplier          = input(0.90, step=0.01)
highest             = input(2) 
prof_trg_perc       = input(1.2, "Prof TRG %",  step=0.05)
loss_trg_perc       = input(0.9, "Loss TRG %",  step=0.05)
teemo               = highest(hma(high, length), highest) * multiplier // teemo
strategy.entry("enter", true, limit=teemo, alert_message = "Enter > DONE >> V3.5 Perc Buyer") // Pre-Place ENTER WITH LIMIT ORDERS and wait for them to fill !!! If they don't fill, then move the order limit price up in line with previous candle's teemo amount
prof_line           = strategy.position_avg_price * prof_trg_perc // if no new trade, these numbers will just be the previous trades numbers
loss_line           = strategy.position_avg_price * loss_trg_perc
strategy.exit("exit", "enter", limit=prof_line, stop=loss_line, alert_message = "Exit > DONE >> V3.5 Perc Buyer")
plot(teemo,         "Place Limit orders and hope 4 Fill",        color.blue, 2) // blue
plot(prof_line,     "ProfLine",    #00ff00, 2) // green
plot(loss_line,     "LossLine",    #ff0000, 2) // red
barcolor(strategy.opentrades > 0 ? color.yellow : na)
Expand (30 lines)