strategy
This code snippet demonstrates how to implement dynamic stop loss levels for both long and short positions in trading strategies using the ProBuilder language. The stop loss levels are adjusted based on the highest and lowest prices over a specified [...]
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strategy
This code snippet demonstrates how to set stop and limit targets for trading strategies based on the high and low prices of the previous bar. This approach can be particularly useful in range-bound markets where these values can act as [...]
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strategy
This ProBuilder code snippet demonstrates how to implement a trailing stop loss strategy that adjusts based on the high or low prices from three bars ago. The strategy is designed for both long and short positions in trading. Not tested: [...]
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indicator
This code snippet demonstrates how to identify a bearish trendline break in financial chart data using basic trigonometry. The code is designed to be used as a screener to detect potential sell signals when a price closes below a dynamically [...]
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strategy
This code snippet demonstrates how to implement conditional logic based on the day of the week to decide whether to trade or not in the ProBuilder language. The logic is designed to exclude specific days from trading based on user-defined [...]
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strategy
This code snippet demonstrates how to implement dynamic position sizing based on equity changes and an optional risk management multiplier in trading strategies using ProBuilder language. The code adjusts the position size according to the strategy’s [...]
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strategy
This code snippet demonstrates how to implement ATR (Average True Range) based trailing and breakeven stop mechanisms in trading strategies using the ProBuilder language. These stops are crucial for managing risk and protecting profits in trading systems. atr [...]
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indicator
This code snippet demonstrates how to calculate the equation of a trendline (an oblique line) in financial chart analysis using ProBuilder. The trendline is determined by calculating the slope and intercept based on two high points on a chart. The [...]
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indicator
This ProBuilder script is designed to retrieve and display Open, High, Low, and Close (OHLC) values from various timeframes including yearly, quarterly, monthly, weekly, daily, 4-hour, and 1-hour. It allows users to look back at historical OHLC data for a [...]
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indicator
The following ProBuilder code snippet is designed to draw rectangular boxes representing the price range between two specific hours, with a horizontal line marking the midpoint of this range. This can be useful for visualizing price movements during a [...]
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indicator
This code snippet demonstrates how to identify bullish and bearish divergences using the Relative Strength Index (RSI) modified by Bollinger Bands in the ProBuilder programming language. Divergences occur when the price of an asset moves in the opposite [...]
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strategy
This ProBuilder script is designed to pause trading for one hour if a significant loss occurs. It’s a useful example for understanding conditional trading halts based on profit thresholds in automated trading systems. DEFPARAM CumulateOrders = False // [...]
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indicator
This code snippet is designed to detect uptrends and downtrends in market data by comparing the highest highs and lowest lows over a specified period. It uses basic trend identification techniques to determine the market direction. //N = 20 srcH [...]
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strategy
This code snippet demonstrates how to implement a partial profit exit strategy in a trading algorithm using the ProBuilder language. The strategy allows a trade to exit when 2/3 of the targeted profit is achieved, which can be particularly useful [...]
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indicator
The following ProBuilder code snippet demonstrates how to make the background color of a price chart blink red when the elapsed time of the current bar exceeds a specified percentage of its total duration. This visual cue can be useful [...]
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strategy
This ProBuilder code snippet demonstrates how to implement a dynamic money management strategy that adjusts based on trading performance and a system quit mechanism triggered by a specified percentage drawdown from the maximum equity. The code is designed to [...]
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strategy
This ProBuilder code snippet is designed to calculate various trading performance metrics such as average gain, average loss, percentage of winning trades, maximum run-up, maximum drawdown, gain-loss ratio, and performance index over a specified duration. [...]
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strategy
This code snippet demonstrates how to calculate the Return over Maximum Draw Down (RoMaD) for trading strategies using ProBuilder. RoMaD is a performance metric that compares the total return of a strategy to its maximum drawdown, providing insight into the [...]
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strategy
This code snippet demonstrates how to implement an adaptive money management system in trading strategies using the ProBuilder language. The system adjusts the position size based on the performance of the strategy, switching between different money [...]
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strategy
This ProBuilder code snippet is designed to calculate the drawdown percentage of a trading strategy’s equity curve. The drawdown is a measure of the decline from a historical peak in some variable (typically the cumulative profit or total open equity [...]
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