Active Trade Manager
Active Trade Manager is a strategy that trades XAUUSD on 5-minute bars. It holds at most 1 open trade.
core language
strategy "Active Trade Manager"market: XAUUSDbars: 5mmax_open: 1when crosses_above(close, vwap()) and rsi(close, 7) > 55:buy risk: 1%, stop: 2 * atr(14), target: 3R, tag: "managed"for trade in trades.open(tag: "managed"):if trade.r >= 1 and trade.stop < trade.entry_price:modify trade, stop: trade.entry_priceelif trade.r >= 2:close trade, size: 50%modify trade, target: trade.entry_price + atr(14) * 6Active Trade Manager is a strategy that trades XAUUSD on 5-minute bars. It holds at most 1 open trade.
When the close crosses above VWAP and the 7-bar RSI is above 55, it buys at market, risking 1% of the balance, with a stop 2 × the 14-bar ATR from the entry, with a target 3R from the entry and tagged "managed".
On each bar, it goes through each trade in open trades tagged "managed" and checks whether trade.r is at or above 1 and trade.stop is below trade.entry_price and, if so, moves the stop to trade.entry_price for trade; otherwise, if trade.r is at or above 2, closes trade (50% of it) and moves the target to trade.entry_price plus 6 × the 14-bar ATR for trade.