Untitled

//@version=4
strategy("2min MA Cross Strategy with SL, TP, and Trailing Stop", overlay=true)

// Calculate Moving Averages
ma20 = ema(close, 20)
ma200 = ema(close, 200)

// Determine if it's the first 2 min candle after market open
firstCandle = (hour(time) == 8 and minute(time) == 30)

// Determine if it's before 10:00
beforeTenAM = hour(time) < 15

// Conditions for entry LONG
greenCandle = close[0] > low[0]
aboveMA20 = close[0] > ma20[0]
aboveMA200 = close[0] > ma200[0]

// Conditions for entry SHORT
redCandle = open[0] > high[0]
belowMA20 = close[0] < ma20[0]
belowMA200 = close[0] < ma200[0]

// Initialize stop loss, risk, and take profit levels for LONG and SHORT
var float longStopLevel = na
var float longRisk = na
var float longTakeProfitLevel = na
var float shortStopLevel = na
var float shortRisk = na
var float shortTakeProfitLevel = na

if (firstCandle and greenCandle and aboveMA20 and aboveMA200)
    strategy.entry("Buy", strategy.long)
    longStopLevel := low[0]
    longRisk := close[0] - longStopLevel
    longTakeProfitLevel := close[0] + 4 * longRisk

if (firstCandle and redCandle and belowMA20 and belowMA200)
    strategy.entry("Sell", strategy.short)
    shortStopLevel := high[0]
    shortRisk := shortStopLevel - close[0]
    shortTakeProfitLevel := close[0] - 4 * shortRisk

// Check if the price has reached 2R and update stop loss accordingly
if (strategy.position_size > 0)
    if (close[0] >= (strategy.position_avg_price + 2 * longRisk))
        longStopLevel := strategy.position_avg_price

if (strategy.position_size < 0)
    if (close[0] <= (strategy.position_avg_price - 2 * shortRisk))
        shortStopLevel := strategy.position_avg_price

// Set exit orders
strategy.exit("Long Exit", "Buy", stop=longStopLevel, limit=longTakeProfitLevel)
strategy.exit("Short Exit", "Sell", stop=shortStopLevel, limit=shortTakeProfitLevel)

// Exit condition
if (not beforeTenAM)
    strategy.close_all()

plot(ma20, color=color.red, linewidth=2)
plot(ma200, color=color.blue, linewidth=2)