Pine Script Partial Take Profit

Closes part of your position at the first target with qty_percent and lets the runner work toward a second target.

Copy//@version=6
strategy("Partial Take Profit", overlay=true, calc_on_every_tick=false,
     default_qty_type=strategy.fixed, default_qty_value=2)

// ── Inputs ──────────────────────────────────────────────
tp1Ticks  = input.int(20, "TP1 Distance (ticks)", minval=1)
tp1Pct    = input.float(50, "TP1 Size (% of position)", minval=1, maxval=100, step=5)
tp2Ticks  = input.int(60, "TP2 Distance (ticks)", minval=1)
stopTicks = input.int(30, "Stop (ticks)", minval=1)

// ── Entry logic (replace with your own conditions) ───────
longCondition = ta.crossover(ta.ema(close, 9), ta.ema(close, 21))
if longCondition and strategy.position_size == 0
    strategy.entry("Long", strategy.long)

// ── Scale-out exits ──────────────────────────────────────
// TP1 closes qty_percent of the position; the runner exits at TP2.
// Both share the same stop so the whole position stays protected.
strategy.exit("TP1", "Long", qty_percent=tp1Pct, profit=tp1Ticks, loss=stopTicks)
strategy.exit("TP2", "Long", profit=tp2Ticks, loss=stopTicks)

Settings

• tp1Ticks — first target distance in ticks. Default 20.
• tp1Pct — percent of the position closed at TP1. Default 50.
• tp2Ticks — runner target distance in ticks. Default 60.
• stopTicks — shared stop distance in ticks. Default 30.

How to use

• Paste into the Pine Editor and replace the EMA-crossover placeholder with your own entry conditions.
• Position size must be at least 2 contracts for a 50% partial to fill — set it in the strategy() declaration or with qty= on the entry.
• Both exits carry the same loss= so the runner is never left unprotected after TP1 fills.
• Add a third strategy.exit with its own qty_percent for three-stage scale-outs.

Frequently Asked Questions

Related