Strategy is based on the "SIMPLE and PROFITABLE Forex Scalping Strategy" taken from YouTube channel ForexSignals TV. See video for a detailed explaination of the whole strategy.
I'm not entirely happy with the performance of this strategy yet however I do believe it has potential as the concept makes a lot of sense. I'm open to any ideas people have on how it could be improved.
Strategy incorporates the following features:
Risk management:
Configurable X% loss per stop (default to 1%)
Configurable R:R ratio
Trade entry:
Based on stratgey conditions outlined below
Trade exit:
Based on stratgey conditions outlined below
Backtesting:
Configurable backtesting range by date
Trade drawings:
Each entry condition indicator can be turned on and off
TP/SL boxes drawn for all trades. Can be turned on and off
Trade exit information labels. Can be turned on and off
NOTE: Trade drawings will only be applicable when using overlay strategies
Debugging:
Includes section with useful debugging techniques
Strategy conditions
Trade entry: LONG
C1: On higher timeframe trend EMAs, Fast EMA must be above Slow EMA
C2: On higher timeframe trend EMAs, price must be above Fast EMA
C3: On current timeframe entry EMAs, Fast EMA must be above Medium EMA and Medium EMA must be above Slow EMA
C4: On current timeframe entry EMAs, all 3 EMA lines must have fanned out in upward direction for previous X candles (configurable)
C5: On current timeframe entry EMAs, previous candle must have closed above and not touched any EMA lines
C6: On current timeframe entry EMAs, current candle must have pulled back to touch the EMA line(s)
C7: Price must break through the high of the last X candles (plus price buffer) to trigger entry (stop order entry)
SHORT
C1: On higher timeframe trend EMAs, Fast EMA must be below Slow EMA
C2: On higher timeframe trend EMAs, price must be below Fast EMA
C3: On current timeframe entry EMAs, Fast EMA must be below Medium EMA and Medium EMA must be below Slow EMA
C4: On current timeframe entry EMAs, all 3 EMA lines must have fanned out in downward direction for previous X candles (configurable)
C5: On current timeframe entry EMAs, previous candle must have closed above and not touched any EMA lines
C6: On current timeframe entry EMAs, current candle must have pulled back to touch the EMA line(s)
C7: Price must break through the low of the last X candles (plus price buffer) to trigger entry (stop order entry)
Trade entry:
Calculated position size based on risk tolerance
Entry price is a stop order set just above (buffer configurable) the recent swing high/low (long/short)
Trade exit:
Stop Loss is set just below (buffer configurable) trigger candle's low/high (long/short)
Take Profit calculated from Stop Loss using R:R ratio
Credits
"SIMPLE and PROFITABLE Forex Scalping Strategy" taken from YouTube channel ForexSignals TV
진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.