675 5 31
1. Follow the instructions for entry and exit exactly as above. Don’t second guess, or assume/presume anything.

2. Avoid entering the trade when the price is temporarily above /below 10 day MA, but the price candle hasn’t fully formed yet. Enter the trade only after the price candle closes above/below the 10 day MA.

3. Exit the trade immediately when the price candle closes above/below 10 day MA in the direction opposite to the trade. Don’t remain in the trade wishing it to turn in your favor.

4. Never ever trade in the opposite direction of the market. i.e. don’t buy when the price is below 200 day MA and sell when the price is above 200 day MA.

5. Take profits when limit is reached. Don’t be greedy and keep on increasing the target. Remember- A bird in hand is worth two in the bush.
Remove from Favorite Scripts Add to Favorite Scripts
//@version=2
strategy ("My5min")

a = sma(close, 200)
b = sma(close, 10)

long = cross(a, b) and a < b
short = cross(a, b) and a > b

strategy.entry("long", strategy.long, when=long)
strategy.entry("short", strategy.short, when=short)
This is a terrible strategy and worse way to gather any meaningful information from the markets
Reply
Thank you for your feed back. If you don't mind me asking what would you recommend.
Reply
Hello.. In your strategy tester most of the trades were losses. Is this reliable strategy ?
Reply
No this was a beta, just a test run.
+1 Reply
Is the limit in #5 above pre-defined? Thanks.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out