Momentum vs. price divergence. Sell signals on bearish divergence, buy signals on bullish divergence . Strategy includes an RSI filter, limit the time-range for back-testing and lots of other configuration options. The below example uses stop-losses. There is also a matching TradingView study with alert-conditions available!
EURUSD This is a simple strategy to use for those who like Renko bars. I ONLY use it on Renko. Basic idea is that when the Renko bar closes above or below the 22 EMA, you go long or short. However, some of the frustrations I've had with any strategy shared in Tradingview is so few folks put in the ability to set a stop or a profit target or the ability to set...
My Forex Scalping Script Use in 5 Min Chart, TP = 20 PIP'S. (Maximum 15 Min Chart with 30PIPS - not higher, not lower!) Close @20 PIP'S! USE STOP LOSS 150 PIP Maximum!!!!!!! Turn Position when it's @ -50 PIP or close it. USE STOP LOSS 150 PIP Maximum!!!!!!! Trade only at the Main-Times (EurUSD 9 -18.00 European Time and so on!) Take a look, and...
This script is called GMAE Original by me (Kevin Manrrique). I'm publishing this to the public because we are all traders and we need to support each other as a TVcommunity. This is something I built for fun. This script uses a series of EMA's. NO REPAINT, NO LAGGING! It works better for short-term trends as you can see. Please leave the copyright on the script at...
Hey all, I have been using this strategy for a while, just like my last script (XAG/USD Spread) this utilizes my 'holy grail' method of basket weighting (aka why the script is protected). This script just looks for periods of time when the euro is gaining against a basket of currencies and the USD is losing vs the basket (and vice versa) I use this script on...
DESCRIPTION Forex Master v4.0 is a mean-reversion algorithm currently optimized for trading the EUR/USD pair on the 5M chart interval. All indicator inputs use the period's closing price and all trades are executed at the open of the period following the period where the trade signal was generated. There are 3 main components that make up Forex Master v4.0: ...
This is version 2 of my Forex Master algorithm originally posted here: BACKTEST CONDITIONS: Initial equity = $100,000 (no leverage) Order size = 100% of equity Pyramiding = disabled TRADING RULES: Long entry = EMA5(RSI20) cross> 50 Profit limit = 50 pips Stop loss = 50 pips Short entry = EMA5(RSI20) cross< 50 Profit limit = 50 pips Stop loss =...
ATTENTION: This is a symmetrical algorithm designed only for trading EUR/USD on the 1h time frame. For other currency pairs and time frames, you need to re-calibrate the RSI-EMAs as well as the profit targets and stop losses. BACKTEST CONDITIONS: Initial equity = $100,000 (no leverage) Order size = 100% of equity Pyramiding = disabled TRADING RULES: Long...