Strategy example

Breakout Strategy v1

Readonly source from tests/EasyLanguage/dorian-draper-learning, generated Pine Script v6, and an expiry-free example EX5.

Convert your script How the full workflow works

Original EasyLanguage

{-------------------------------------------------------------------	
 Breakout v1 

 Description:
 - Breakout strategy based on the highest high and lowest low of the last 8 bars
 - Uses stop orders to enter the market on breakouts

-------------------------------------------------------------------}

Input:
        TrlgBars(8);

Vars:
	BuyPx(0),
	SellPx(0);

BuyPx = Highest(High, TrlgBars) + .02;
SellPx = Lowest(Low, TrlgBars) - .02;

{Setup entrada}
Buy ("BrkLE") Next Bar at BuyPx Stop;
SellShort ("BrkSE") Next Bar at SellPx Stop;

Generated Pine Script v6

//@version=6
strategy("Breakout_v1", overlay=true)
trlgbars = input.float(8.0, "trlgbars")
var float buypx = 0
var float sellpx = 0
__el_call1 = ta.highest(high, int(trlgbars))
__el_call2 = ta.lowest(low, int(trlgbars))
if bar_index >= 7
    buypx := __el_call1 + .02
    sellpx := __el_call2 - .02
    strategy.entry("BrkLE", strategy.long, stop=buypx)
    strategy.entry("BrkSE", strategy.short, stop=sellpx)

Compiled MetaTrader 5 example

The EX5 uses the original script filename stem and has no PineAnywhere expiration guard.

Download Breakout_v1.ex5