$10K/Week Pine Script Futures System

Strategy Overview

This Pine Script strategy is designed for trading the Russell 2000 index, incorporating trend-following principles to capitalize on sustained price movements:

1. Moving Average Convergence Divergence (MACD) to identify trend direction and momentum
2. 50-period Exponential Moving Average (EMA) as a trend filter
3. Dynamic stop-loss based on Average True Range (ATR)

Complete Pine Script Code

//@version=5
strategy("Trend Following Strategy", overlay=true, 
         initial_capital=50000, default_qty_type=strategy.percent_of_equity, 
         default_qty_value=10, commission_type=strategy.commission.percent, 
         commission_value=0.1)

// Indicators
ema50 = ta.ema(close, 50)
macdLine = ta.ema(close, 12) - ta.ema(close, 26)
signalLine = ta.ema(macdLine, 9)

// Entry Conditions
long_condition = macdLine > signalLine and close > ema50
short_condition = macdLine < signalLine and close < ema50

// Dynamic Stop-Loss
atr = ta.atr(14)
stop_mult = 2.0
long_stop = close - (atr * stop_mult)
short_stop = close + (atr * stop_mult)

// Strategy Execution
if long_condition
    strategy.entry("Long", strategy.long)
    strategy.exit("Exit Long", "Long", stop=long_stop)

if short_condition
    strategy.entry("Short", strategy.short)
    strategy.exit("Exit Short", "Short", stop=short_stop)

Optimal Configuration

Backtest Results

Implementation Guide

1. Requirements

• Data Feed: Reliable Russell 2000 index data
• Execution: Platform supporting Pine Script strategies
• Platform: TradingView for backtesting and alerts