Strategy example

Breakout Strategy v2

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 v2
Description:
- Improve legibility and semantic intention of Breakout v1
- Prepare code for future extensions (filters, risk management, post-analysis)
-------------------------------------------------------------------}
Inputs:
LongPrice(High),
LongLen(8),
ShortPrice(Low),
ShortLen(8),
EntryBuffer(.02);
Vars:
LongBreakout(0),
ShortBreakout(0);
{🧮 Cálculo de niveles de ruptura}
LongBreakout = Highest(LongPrice, LongLen) + EntryBuffer;
ShortBreakout = Lowest(ShortPrice, ShortLen) - EntryBuffer;
{🚀 Setup de entrada}
Buy ("Brk LE") Next Bar at LongBreakout Stop;
SellShort ("Brk SE") Next Bar at ShortBreakout Stop;

{-------------------------------------------------------------------	
 Breakout v2

 Description:
 - Improve legibility and semantic intention of Breakout v1
 - Prepare code for future extensions (filters, risk management, post-analysis)
-------------------------------------------------------------------}

Inputs:
	LongPrice(High),
	LongLen(8),
	ShortPrice(Low),
	ShortLen(8),
	EntryBuffer(.02);

Vars:
	LongBreakout(0),
	ShortBreakout(0);

{🧮 Cálculo de niveles de ruptura}
LongBreakout = Highest(LongPrice, LongLen) + EntryBuffer;
ShortBreakout = Lowest(ShortPrice, ShortLen) - EntryBuffer;

{🚀 Setup de entrada}
Buy ("Brk LE") Next Bar at LongBreakout Stop;
SellShort ("Brk SE") Next Bar at ShortBreakout Stop;

Generated Pine Script v6

//@version=6
strategy("Breakout_v2", overlay=true)
longprice = input.source(high, "longprice")
longlen = input.float(8.0, "longlen")
shortprice = input.source(low, "shortprice")
shortlen = input.float(8.0, "shortlen")
entrybuffer = input.float(.02, "entrybuffer")
var float longbreakout = 0
var float shortbreakout = 0
__el_call1 = ta.highest(longprice, int(longlen))
__el_call2 = ta.lowest(shortprice, int(shortlen))
if bar_index >= 7
longbreakout := __el_call1 + entrybuffer
shortbreakout := __el_call2 - entrybuffer
strategy.entry("Brk LE", strategy.long, stop=longbreakout)
strategy.entry("Brk SE", strategy.short, stop=shortbreakout)

//@version=6
strategy("Breakout_v2", overlay=true)
longprice = input.source(high, "longprice")
longlen = input.float(8.0, "longlen")
shortprice = input.source(low, "shortprice")
shortlen = input.float(8.0, "shortlen")
entrybuffer = input.float(.02, "entrybuffer")
var float longbreakout = 0
var float shortbreakout = 0
__el_call1 = ta.highest(longprice, int(longlen))
__el_call2 = ta.lowest(shortprice, int(shortlen))
if bar_index >= 7
    longbreakout := __el_call1 + entrybuffer
    shortbreakout := __el_call2 - entrybuffer
    strategy.entry("Brk LE", strategy.long, stop=longbreakout)
    strategy.entry("Brk SE", strategy.short, stop=shortbreakout)

Compiled MetaTrader 5 example

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

Download Breakout_v2.ex5