OPEN-SOURCE SCRIPT
업데이트됨 Grab Trading System
Hello All,
This is "Grab Trading System" script defined in the book "Trend Following" by Michael W. Covel. also named as "Two-box system". I made small changes and I guess that it can be improved more.
The definition: Far box defines major trend; system trades only in same direction as major trend, meanwhile fading the signals of near box. Last trade in each trend exits at break of far box - at the same time as the trend reverses. All trades, except the last in the trend, use a limit order, as they are fading the near box. The last trade exits on a stop, as the trend changes.
As you can see there is Longterm Period and Shortterm Period in the indicator options. Longterm period is used for major trend and shortterm period is used to take position according to major trend. in my test I got better performance in small time frames. you need to set longterm/shortterm periods by your trading strategies.
Enjoy!
This is "Grab Trading System" script defined in the book "Trend Following" by Michael W. Covel. also named as "Two-box system". I made small changes and I guess that it can be improved more.
The definition: Far box defines major trend; system trades only in same direction as major trend, meanwhile fading the signals of near box. Last trade in each trend exits at break of far box - at the same time as the trend reverses. All trades, except the last in the trend, use a limit order, as they are fading the near box. The last trade exits on a stop, as the trend changes.
As you can see there is Longterm Period and Shortterm Period in the indicator options. Longterm period is used for major trend and shortterm period is used to take position according to major trend. in my test I got better performance in small time frames. you need to set longterm/shortterm periods by your trading strategies.
Enjoy!
릴리즈 노트
updated.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.