Profitable CHANNEL BREAKOUT Strategy in Pine Script

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Regime Filter Lesson: • How to create a REGIME...
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Want to learn Pine Script? Look no further. I have you covered!
This lesson demonstrates how to code an extremely simple yet profitable Pine Script channel breakout strategy, and also teases a RealTest version of this script.
With over 16 years of coding experience and 5+ years of profitable trading experience, I specialize in TradingView's Pine Script programming language and I'm here to pass on everything I've learned about both trading and coding.
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▼Timestamps▼
00:00 - Intro
00:38 - Strategy Overview
03:18 - Pine Script Inputs & Indicators
04:34 - Liquidity Filter
08:30 - Entries & Exits
15:45 - RealTest Code
#PineScript #TradingView #Trading

[@TheArtOfTrading]

*Lesson Source Code:* courses.theartoftrading.com/pages/simple-channel-breakout-strategy-in-pine-script
*Free Email Newsletter:* theartoftrading.com
*RealTest Software:* mhptrading.com/

[@nevillebatty4776]

Hi Matt Thanks for the lesson you have answered a lot of my concerns Neville

[@curtisjackson3377]

Thanks for the wonderful video.
Would love to explore RealTest more with your teachings 💓

[@ammarhadwan1261]

Yes we would like to see more videos on real backtesting methods

[@OnlyLevels]

Pl make video on real test software also .on every new script you developed pl show the real test results.
By the way very very useful stuff I learnt from you. Pl keep doing

[@GreenStickStrategies]

Great lesson as always. I vote for Real Test Software videos, it looks really interesting. Greetings from South America.

[@yaaymaiko1629]

Real Test seem very useful for me, i would be interested on learning that in the future

[@inforatranz1925]

Hi, thanks for the video, do you happen to have a video explaining how to carry out this condition?
- Opens a Long -> If the Long operation closes at Stop loss -> Opens Short position

[@ianarstall]

Interested in Realtest videos thanks.

[@alfredociniglio5450]

congratulations for the video
Have you ever had a percent profitable ratio above 35% but a net profit in the red?
because I don't understand how this is

[@user-vm3mm5bz9m]

Real test video!!!

[@Alphaa101]

Interested in Real Test Video

[@atulbhaigandhi6540]

How can I connect with you to discuss few more questions.?

[@norbertszabo5344]

Hi Matt, Is that possible if I add this script to my chart does not generate any trades on any chart? Tried on stock, crypto no trades. Thanks

[@jaimeurjel2427]

Hi! Quick question: Why do you use 15 weekly bars on the Channel Lookback?.. btw i really like your channel!!

[@martinshi2258]

Please make videos demonstrating real backtesting of crypto trading.

[@MrSrikanth9147]

Brother i have a one question, if you are please explain or please prepare send that code. i want to get a last week high, close and low using request .Secuity function. but in that i want high, close and low of last week of Tuesday to this week Monday.

[@Jerry327565]

Hi Matt, I tried the script on Index and sector ETFs and the results were really bad across a broad range of options. Any thoughts as to why it would perform so poorly at the index and sector level, but do well on individual stocks?
Thank you so much for your awesome videos!

[@BluDragonTrading]

index work on traps so usually break out fails. This strategy is based on break out so it will never work

[@ProTrader-rq7zc]

Hi mat love from India I need your help.
I've been trying to write that program since 3 weeks

[@andrzejdrop86]

I'm also interested about Real test tutorial

[@user-vm3mm5bz9m]

How can I implement a daytime strategy in real time coded with PineScript? I do not understand how to implement with binance or Bingx. Did you have some tutorial explaining that?

[@zackm4790]

hey matt..how to setup a strategy that uses trailing stop AND fixed stoploss? i cant find any ways to do that in pinescript..

[@travisbuddock8778]

just a guess but maybe set the fixed stop with strategy.exit(), then plot your trailing stop loss and have an if statement e.g.(close < trailing) triggering strategy.close()

[@Alphaa101]

19:04 Regime Filter links are not in video description.

[@TheArtOfTrading]

Sorry about that, here's the video link - th-cam.com/video/MV61WcTkV54/w-d-xo.html

[@Alphaa101]

@@TheArtOfTrading Do you have plan to update your RSI divergence video?

[@hangtuahTRADING]

i have 3.2 profit factor bot , max dd 12%

[@Tom-bc9zj]

Looks like AmiBroker, just coincidence?

[@TheArtOfTrading]

Yeah you're right Tom, RealTest is very similar to AmiBroker, there are some subtle differences but the two platforms are capable of similar core things.
The main differences are that RealTest supports backtesting multiple strategies simultaneously on one account balance so it's easier to test how two or more strategies affect an equity curve, and the scripting language for RT is a lot easier/more efficient to code in (in my personal opinion)