Configurable Long–Short Trading and Risk Management Strategy

Summary

This TradingView strategy script provides configurable long and short trade handling, session filters, trade frequency limits, and a performance display. Its risk controls let users choose percentage, ATR-based, or fixed-point stop and target levels. Optional features include time-based exits, trailing stops, break-even adjustments, partial profit-taking, and a cutoff after a specified sequence of wins or losses. Contract settings support selected micro and standard equity index futures, with a point value used for dollar P&L calculations.

The supplied excerpt shows extensive inputs and chart displays for signals, position levels, and performance statistics, but omits much of the logic that connects these controls to entries and exits. The visible trading condition inputs are source-and-value equality checks, and the document does not establish that they produce a viable signal or explain a market rationale. It reports no backtest results, and its performance table is a script feature rather than evidence of profitability. Results would depend on settings, instrument, timeframe, and execution assumptions.

Key ideas

• The strategy exposes settings for long-only, short-only, or two-sided trading.
• Users can limit trades per day and require a minimum wait between trades.
• Stops and profit targets can be based on percentages, ATR multiples, or fixed price points.
• Optional management tools include time exits, trailing stops, break-even moves, and partial exits.
• The excerpt provides configurable infrastructure but no performance evidence or validated entry rationale.

Tags

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