607 5 22
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)
TonyCampbell
a year ago
Is the limit in #5 above pre-defined? Thanks.
Reply
Ede
a year ago
Hello.. In your strategy tester most of the trades were losses. Is this reliable strategy ?
Reply
AskforTravis Ede
a year ago
No this was a beta, just a test run.
+1 Reply
GoldBowtie
a year ago
This is a terrible strategy and worse way to gather any meaningful information from the markets
Reply
AskforTravis GoldBowtie
a year ago
Thank you for your feed back. If you don't mind me asking what would you recommend.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out