This is my second attempt to catch EURUSD moves.
This time I decided to experiment with solid TP and SL levels,
Script is optimalized for 30min --->> FOREXCOM:EURUSD
The strategy logic here is also quite simple:
To define trend I used Centred Trend Indicator , which with the lower value can be good filter for trend momentum with a short timeframe range.
this indicator allows me to avoid all fake pumps or dumps while sentiment is still or
this time I decided to depends of tp/sl levels
To open long or short position this script is always using Centred Trend Indicator with the combination of and indicators.
- Is one of the most powerful and accurate trend indicators. measures how strong a trend is, and can give valuable information on whether there is a potential trading opportunity.
- the idea behind this bot was to use support or resistance breakout
The core of this strategy is the levels through the use of automatic detectors of these levels
as in my previous script I use PKAMA
its designed for better moves detector/filter
this indicator allows me entering the position only when strong trends movemments appears.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.