📄 Indicator Description for Publishing:
SMA Strategy Builder 2TP [alpolcaymis]
📊 Build, Test, and Optimize Your SMA-Based Trading Strategy with Dual Take-Profit Levels
🚀 Description:
SMA Strategy Builder 2TP is a powerful and flexible trading indicator designed to help you build and test SMA-based long/short trading strategies with two-step take-profit (TP) levels for enhanced profitability and risk management.
This tool provides a dynamic approach to trading by allowing you to:
⚡ Execute Long/Short trades based on SMA crossovers.
🎯 Set two take-profit levels:
TP1: Closes 50% of the position.
TP2: Closes the remaining 50% of the position.
💵 Adjust initial capital for backtesting.
💸 Apply customizable commission rates (or turn it off) to simulate real trading conditions.
📈 Track capital growth with an optional capital curve.
🔢 Monitor each trade with clear labels showing:
Updated capital
Percentage profit/loss
Trade count
🌟 Key Features:
2-Step Take-Profit Strategy: Optimize profits by splitting your position into two exit levels.
Customizable SMA Period: Adjust the SMA period to suit your trading style.
Flexible Commission Settings: Simulate real trading scenarios with adjustable commission rates.
Capital Tracking: Visualize your portfolio growth over time.
Clear Trade Visualization: Profit/loss percentages and trade counts displayed directly on the chart.
Dynamic SMA Coloring: SMA line changes color based on trade position (green for long, red for short).
Instant Alerts: Get notified when long/short signals or TP targets are reached.
⚡ Why Use This Indicator?
This strategy builder is perfect for traders who want to:
💡 Validate SMA strategies before going live.
📊 Optimize take-profit levels for better risk/reward ratios.
🏹 Understand performance impact when partial profits are taken at different stages.
🔄 Refine trading strategies by experimenting with commission rates and SMA settings.
💬 How to Use:
1️⃣ Adjust the SMA period based on your strategy.
2️⃣ Set TP1 and TP2 levels (%).
3️⃣ Choose your initial capital and commission rate.
4️⃣ Enable capital curve tracking if you want to visualize performance.
5️⃣ Use TradingView alerts to monitor key events in real-time.
🔔 Alerts Provided:
Long Signal: When price crosses above SMA.
Short Signal: When price crosses below SMA.
TP1 Reached: 50% position closure.
TP2 Reached: Final 50% position closure.
🎯 Final Notes:
Designed for educational and backtesting purposes.
Ensure you adapt parameters according to your preferred trading style and risk tolerance.
Compatible with TradingView’s real-time alerts for better trade management.
✨ Happy trading! Optimize, test, and grow with SMA Strategy Builder 2TP [alpolcaymis]. 🚀📈