Profit Trailer with Fallback Protection and Break Even Safety

0 113 Views No Comments 1 month ago
HTS 3.XSTABLE
  • This script implements a comprehensive trading safety mechanism that includes trailing stops, fallback protection, and break-even safety features. The logic is designed to maximize profits while minimizing risks through well-defined parameters and conditions.

    Key Features:
    Trailing Stops:

    Begins trailing when a specified profit percentage (trailStartPrc) is reached.
    Adjusts the stop level based on the highest recorded profit and a trailing distance (trailDistPrc).
    Supports different trailing modes (default, grow, shrink).
    Fallback Protection:

    Optional feature to prevent bagging up on a weak trend.
    Activates after the trailing stop is stopped a specified number of times (maxFallbackProtect).
    Includes its own rebound mechanism to allow for market corrections before triggering an exit.
    Break Even Safety:

    Activates when a specified percentage price change (breakEvenMinPrc) is reached.
    Sets the entry price as a stop-loss level to exit the position near break-even if the market moves against the position.
    Includes a rebound mechanism to allow for market corrections before triggering an exit.

    HaasScript Code
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