MTF stochastic strategy
This strategy is based on MTF strategy found on Forex Factory forum and published by bobby2 (credits to him).
This is quite simple but need improvement to work properly:
1- it is made for 5 min chart
2- when 15min stochastic cross above 50 and 5min stochastic is rising, buy
3- when 15min stochastic cross below 50 and 5min stochastic is falling, sell
This is quite simple but need improvement to work properly:
1- it is made for 5 min chart
2- when 15min stochastic cross above 50 and 5min stochastic is rising, buy
3- when 15min stochastic cross below 50 and 5min stochastic is falling, sell
Release Notes:
Major update:
- Updated to pinescript version 4
- Now strategy works with any timeframe;
- MTF is calculated based on current timeframe: if current TF is 30min, MTF is set automatically to 60min;
- MTF stoch is smoothed using linear regression.
Overall performances are very good in terms of profit factor, drawdown and net profit.
- Updated to pinescript version 4
- Now strategy works with any timeframe;
- MTF is calculated based on current timeframe: if current TF is 30min, MTF is set automatically to 60min;
- MTF stoch is smoothed using linear regression.
Overall performances are very good in terms of profit factor, drawdown and net profit.