OPEN-SOURCE SCRIPT
BTC Breakout Bot (TP/SL + Alerts)
📈 BTC Breakout Bot (TP/SL + Alerts)
This strategy is designed for Bitcoin (BTC/USDT) on breakout trades. It detects price breakouts using recent highs and lows, and automatically handles:
✅ Long and short entries
✅ Take Profit and Stop Loss levels
✅ Built-in alert system (compatible with Telegram/webhook)
✅ Customizable lookback, TP, and SL settings
Strategy logic:
Enters a long position when price breaks above the highest high of the last N candles.
Enters a short position when price breaks below the lowest low of the last N candles.
Each trade includes a dynamic Take Profit and Stop Loss based on a % of entry price.
Alerts are triggered for every breakout trade (long or short).
Parameters:
Breakout Lookback: Number of candles to check for breakouts (default: 20)
Take Profit (%): TP level based on percentage from entry (default: 5%)
Stop Loss (%): SL level based on percentage from entry (default: 2%)
This strategy is designed for Bitcoin (BTC/USDT) on breakout trades. It detects price breakouts using recent highs and lows, and automatically handles:
✅ Long and short entries
✅ Take Profit and Stop Loss levels
✅ Built-in alert system (compatible with Telegram/webhook)
✅ Customizable lookback, TP, and SL settings
Strategy logic:
Enters a long position when price breaks above the highest high of the last N candles.
Enters a short position when price breaks below the lowest low of the last N candles.
Each trade includes a dynamic Take Profit and Stop Loss based on a % of entry price.
Alerts are triggered for every breakout trade (long or short).
Parameters:
Breakout Lookback: Number of candles to check for breakouts (default: 20)
Take Profit (%): TP level based on percentage from entry (default: 5%)
Stop Loss (%): SL level based on percentage from entry (default: 2%)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.