OPEN-SOURCE SCRIPT
GK1 Long only Daily Trend Strategy Max 4 Positions Risk-Based
This strategy buys strong uptrends on the daily chart, risks a fixed % of capital per trade, limits how many trades are open at once, and exits using a trailing volatility stop or when the trend weakens.
What kind of market does this work best in?
1.Strong, persistent trends
2.Index ETFs, sector ETFs, large-cap stocks
3.Bull markets or strong sector rotations
It will underperform in:
Sideways markets
Choppy ranges
High-frequency reversals
The market condition this is looking for " A healthy, established uptrend"
It only goes LONG (no shorts) and only when all of these are true:
Short-term trend is up:
14-day moving average > 50-day moving average
Long-term trend is bullish:
Price is above the 200-day moving average
Primary trend is improving:
200-day MA is rising (today > yesterday)
Volume is normal (not dead, not crazy):
Avoids illiquid days and blow-off spikes
Translation: “I only buy when the market is already strong and behaving normally.”
It can hold up to 4 positions at the same time
Designed for multiple signals across time, not over-trading
You choose a Risk % per trade (default = 1%)
That means: If the stop loss is hit, you lose ~1% of your total account
It uses ATR (Average True Range):
ATR measures how much the market normally moves
Stop loss = 2.5 × ATR
Position size =
(1% of account) ÷ stop distance
So:
Volatile market → smaller position
Calm market → bigger position
Exit #1: Trailing ATR stop (main exit)
Tracks the highest close since entry
Stop moves up only, never down
If price reverses by ~2.5 ATR → exit
📌 Translation:
“Let winners run, cut losers automatically.”
Exit #1: Trailing ATR stop (main exit)
Tracks the highest close since entry
Stop moves up only, never down
If price reverses by ~2.5 ATR → exit
📌 Translation:
“Let winners run, cut losers automatically.”
What kind of market does this work best in?
1.Strong, persistent trends
2.Index ETFs, sector ETFs, large-cap stocks
3.Bull markets or strong sector rotations
It will underperform in:
Sideways markets
Choppy ranges
High-frequency reversals
The market condition this is looking for " A healthy, established uptrend"
It only goes LONG (no shorts) and only when all of these are true:
Short-term trend is up:
14-day moving average > 50-day moving average
Long-term trend is bullish:
Price is above the 200-day moving average
Primary trend is improving:
200-day MA is rising (today > yesterday)
Volume is normal (not dead, not crazy):
Avoids illiquid days and blow-off spikes
Translation: “I only buy when the market is already strong and behaving normally.”
It can hold up to 4 positions at the same time
Designed for multiple signals across time, not over-trading
You choose a Risk % per trade (default = 1%)
That means: If the stop loss is hit, you lose ~1% of your total account
It uses ATR (Average True Range):
ATR measures how much the market normally moves
Stop loss = 2.5 × ATR
Position size =
(1% of account) ÷ stop distance
So:
Volatile market → smaller position
Calm market → bigger position
Exit #1: Trailing ATR stop (main exit)
Tracks the highest close since entry
Stop moves up only, never down
If price reverses by ~2.5 ATR → exit
📌 Translation:
“Let winners run, cut losers automatically.”
Exit #1: Trailing ATR stop (main exit)
Tracks the highest close since entry
Stop moves up only, never down
If price reverses by ~2.5 ATR → exit
📌 Translation:
“Let winners run, cut losers automatically.”
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.