Tradingview Pine script

I would like to test a speadbetting strategy on two indices, using tradingview and a MAC computer.

At a specified UK time, check where Index closed previous trading day,

2.     At a specified UK time, compare today’s opening price with the previous day’s closing price.

3.     If there a minimum gap of a specified number a trade will be opened based on the entry criteria.

4.     If the opening price is lower than previous closing price, a SELL spreadbet trade will be opened to close the GAP if the entry criteria are met.

5.     If the opening price is higher than previous closing price, a BUY spreadbet trade will be opened to close the GAP if the entry criteria are met.

6.     Wait for the 1^st 5 min bar to complete.

7.     The size of the spreadbet point will be specified.

Entry Criteria for a BUY trade

Place an order to trigger if the price then penetrates the high of the 1^st 5 min plus an extra number of specified points

Entry Criteria for a SELL trade

Place an order to trigger if the price then penetrates the low of the 1^st 5 min minus an extra number of specified points

Stop Loss

Place a stop loss of a specified number of points from the entry point

Adjustment Rules

At a specified time, check and do one of the following:

a)     If the trade has not been triggered, change the stop to a specified number of points.

b)    If in profit by a specified number of points, move the stop to lock in a specified % of profits.

c)     If in profit of less than a specified number of points, move the stop loss by a number of specified points.

d)    If in loss of greater than a specified number of points, and in a BUY trade, move the stop to the LOW of the 1^st 5 min bar.

e)     If in loss of greater than a specified number of points, and in a SELL trade, move the stop to the HIGH of the 1^st 5 min bar.

Other notes:

·         Must be able to run and test in demo & run in live mode in Tradingview using Pine.

·         Must be able to run on a MAC computer.

·         Must run in UK time and take into account daylight saving.

·         The specified number will differ depending on the index.

·         The timing will differ depending on the index.

·         Must not risk more than a specified & of the trading bank.

·         Must be able to open, close and adjust trades in a given demo & live trading account.

·         Must be fast in execution.