When ema50 crossover cumulative of 100 period
When ema50 cross down cumulative of 100 period
for the partial profit I have used stopLoss value , but up side. When price is above partial profit and crossing down 50 , exit 1/3 position
Please note when you select this setting, you see spike number of trades, that is because you closing partial number of trades. which increases the winning rate but reduces the total net profit.
Defaulted to 8%
Added parameter to take LONG or SHORT trades ... on SHORT side not very good results ... you can review it and provide feedback how to improve the performance.
Reverse above BUY conditions
I have tested LONG trades on SPY , QQQ and AAPL on 1 Hour and 30 mins timeframes. for AAPL on DAY timeframe it shows crazy results :-)
For the use of educational purposes only.
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.
SHORT is in the options selection. if you don't want SHORT don't select it.