03.freeman

Expert studio strategy 1 - GBPUSD

This is part of a series of strategies developed automatically by a online software.
I cannot share the site url, which is not related to me in any way, because it is against the TV reules.

This strategy was optimized for GBPUSD , timeframe 1D, fixed lots 0.1, initial balance 1000€.

LOGIC:
- LONG ENTRY when previous candle is bear
- LONG EXIT: RVI > signal line
- SHORT ENTRY when previous candle is bull
- SHORT EXIT: RVI < signal line

NOTE: I considered the open of actual candle instead of close otherwise there will be a back shift of 1 candle in pine script

Take profit = no
Stop loss = no

I have also a study with alarms.

Please use comment section for any feedback.
Open-source script

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.

Want to use this script on a chart?

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