Pivot Breakout Strategy (Break of Structure + Risk Management)

DESCRIPTION
This strategy is a pivot-based breakout system designed for $BINANCE:JUPUSDT. It identifies pivot highs and pivot lows using a configurable lookback period, then enters trades when price breaks through these pivot levels. The strategy includes flexible risk management with two exit methods: automatic SL/TP orders or manual position management with trailing stops and breakeven protection.

Core concept

• Pivot detection: Identifies pivot highs (PH) and pivot lows (PL) using a configurable period (default: 18 bars).
  
• Breakout entries: Enters long when price breaks above a pivot high; enters short when price breaks below a pivot low.
  
• Signal flip: Automatically closes opposite positions when a new signal appears, allowing for quick reversals.
  
• Visual markers: Draws neon-style lines and labels ("BoS PH" / "BoS PL") to mark pivot breakouts on the chart.
  

Entry signals

• Long entry: Price breaks above a confirmed pivot high (PH).
  
• Short entry: Price breaks below a confirmed pivot low (PL).
  

Exit methods (choose one)

• Method 1: Automatic SL/TP (default): Uses strategy.exit() with fixed stop loss and take profit levels. Orders are placed automatically when entry occurs.
  
• Method 2: Manual management: Uses strategy.close() with optional trailing stop and breakeven protection. Provides more control but requires manual exit logic.
  

Risk management

• Long positions: Default SL 3.5%, TP 4.5% (configurable).
  
• Short positions: Default SL 2.0%, TP 3.5% (configurable).
  
• Trailing stop (optional, Method 2 only): Trails from the best price since entry.
  
• Breakeven stop (optional, Method 2 only): Moves stop loss to breakeven after a profit trigger.
  

How to use

• Apply to $BINANCE:JUPUSDT. The strategy works on any timeframe, but pivot period may need adjustment for different timeframes.
  
• Choose your preferred exit method in the settings:
  Use Automatic SL/TP for simpler, hands-off trading.
  Use Manual management if you want trailing stops and breakeven protection.
  
• Adjust pivot length based on market volatility: shorter periods catch more signals but may be noisier; longer periods are more selective.
  
• Enable/disable long or short strategies independently based on market conditions.
  

Key inputs snapshot

Pivot Detection:
Length: 18 bars

Risk (Long):
SL: 3.5%, TP: 4.5%

Risk (Short):
SL: 2.0%, TP: 3.5%

Optional (Method 2 only):
Trailing Stop: 1.5%
Breakeven Trigger: 1.5%
Breakeven Offset: 0.1%

Visual features

• Neon-style lines mark pivot breakouts with glow effects.
  
• Labels show "BoS PH" (Break of Structure Pivot High) and "BoS PL" (Break of Structure Pivot Low).
  
• Customizable colors for bull and bear signals.
  

Educational use only. This is not financial advice. Pivot-based strategies can generate frequent signals; always validate with forward testing and consider transaction costs. The strategy automatically flips positions on opposite signals, which may result in higher trade frequency.