$EURUSD 1 Minute Chart Strategy by SwingTradeProfits

profit renko strategy

You must be using the renko chart with traditional settings with the block size set at .0001. This can be done by going to settings. Style at the bottom should be changed from ATR to traditional. The set the block size as .0001.

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//@version=2
strategy("MovingAvg Cross", overlay=true)
length = input(9)
confirmBars = input(1)
price = close

strategy.exit ("trail_points", loss= 1)

ma = ema(price, length)

bcond = price > ma
bcount = bcond ? nz(bcount[1]) + 1 : 0

if (bcount == confirmBars)
    strategy.entry("MACrossLE", strategy.long, comment="MACrossLE")

scond = price < ma
scount = scond ? nz(scount[1]) + 1 : 0

if (scount == confirmBars)
    strategy.entry("MACrossSE", strategy.short, comment="MACrossSE")

//plot(strategy.equity, title="equity", color=red, linewidth=2, style=areabr)