A Configurable Trading Strategy Template with Risk Controls

Summary

This document presents a reusable Pine Script strategy template rather than a defined trading system. Its configurable framework includes an external indicator input, optional custom closing signals, session and date filters, long or short direction settings, and handling for opposite signals. Strategy-level settings cover initial capital, position sizing, commissions, order-fill recalculation, and pyramiding so that script inputs can be aligned with the backtest properties.

The visible portion also shows optional controls for consecutive winning or losing trades, losing-day streaks, maximum drawdown, intraday loss, and daily trade limits. These features can help structure experiments and constrain strategy behavior, but they do not establish that any particular signal has an edge. The source is truncated before the full implementation is visible, and the document includes no backtest results or explanation of how each guardrail behaves when triggered. Users would need to inspect and validate the complete script, including execution assumptions and cost settings, before relying on its results.

Key ideas

• The document is a configurable strategy framework, not a standalone entry-and-exit method.
• It includes controls for trading direction, sessions, date ranges, and opposite-signal handling.
• Backtest settings include position sizing, commission, pyramiding, and order-fill recalculation.
• Optional safeguards cover drawdown, intraday loss, trade streaks, and daily trade counts.
• The source is incomplete and provides no evidence that a particular strategy using the template is profitable.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.