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2x take profit, move stop loss to entry

Script from: TradingViewSwingMomentumVolatilityTrend following

Implement a dual take profit approach where the initial profit target secures gains and adjusts the stop loss to the break-even point. This tactic employs Bollinger Bands for volatility and Stochastic indicators for momentum, with annotations for crossovers. The second profit target aims for extended gains, with the trade exiting at either the second target or the adjusted stop loss.

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@ 4 h

5.06

Risk Reward

42.54 %

Total ROI

18

Spectral AI, Inc. (MDAI)

+ 2x take profit, move stop loss to entry

@ 15 min

2.23

Risk Reward

123.33 %

Total ROI

19

E-MINI RUSSELL 2000 INDEX FUTURES (RTY1!)

+ 2x take profit, move stop loss to entry

@ 1 h

1.39

Risk Reward

93.69 %

Total ROI

269

Viatris Inc. (VTRS)

+ 2x take profit, move stop loss to entry

@ 1 h

1.37

Risk Reward

64.21 %

Total ROI

233

Viatris Inc. (VTRS)

+ 2x take profit, move stop loss to entry

@ 1 h

1.37

Risk Reward

64.21 %

Total ROI

233

U.S. Bancorp (USB)

+ 2x take profit, move stop loss to entry

@ 1 h

1.31

Risk Reward

32.58 %

Total ROI

222

PSQ Holdings, Inc. (PSQH)

+ 2x take profit, move stop loss to entry

@ 15 min

1.29

Risk Reward

567.95 %

Total ROI

155

Snowflake Inc. (SNOW)

+ 2x take profit, move stop loss to entry

@ 15 min

1.29

Risk Reward

318.56 %

Total ROI

205

Ford Motor Company (F)

+ 2x take profit, move stop loss to entry

@ 1 h

1.27

Risk Reward

39.79 %

Total ROI

250

C3.ai, Inc. (AI)

+ 2x take profit, move stop loss to entry

@ 2 h

1.20

Risk Reward

21.75 %

Total ROI

50

American Airlines Group, Inc. (AAL)

+ 2x take profit, move stop loss to entry

@ 1 h

1.19

Risk Reward

1,060.10 %

Total ROI

235

DISH Network Corporation (DISH)

+ 2x take profit, move stop loss to entry

@ 1 h

1.18

Risk Reward

31.91 %

Total ROI

257

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2x take profit, move stop loss to entry backtest statistics

Aggregated across every validated backtest TradeSearcher has run on this strategy. Figures update automatically as new backtests are added — they are not edited by hand. Classified as swing by holding period.

54
Backtests run
1.2
Avg profit factor
+61%
Avg net profit
+18%
Avg annualized return
40%
Avg max drawdown
0.09
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 86% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Crypto701.0+7%62%0.06
Stocks1,5021.2+64%40%0.09

Backtests use the validated-universe filter: non-repainting scripts, over 15 trades, non-excluded. Per-market rows appear only when at least one backtest exists for that asset class.

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