Hi what I'm trying to do is the following:
1) On a specific day of the month (any) go long with 1/3 of the capital
2) If there's no stop buy another third as per #1 a month later
3) As #2 if there is no stop buy the final third in month 3
4) Hold the position until the stop is hit
5) Once the stop is hit add one month and then go back to #1
Stop) The stop needs to be updated each month at the same time, i.e. a monthly shifting trailing stop.
Can this be done in tradingview pinescript?
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This simple strategy is certainly can be done in TradingView. However there are limitations of TradingView engine which you should be aware about. Send me a message for more details.
This can be done in tradingview and even we can automate this, like placing order directly to your broker terminal. Let’s connect for further discussions