OPEN-SOURCE SCRIPT
FX Pullback v3 (More Trades ~55–65% Win Rate)
This is a trend-following pullback strategy designed for Forex.
It waits for:
A strong trend (measured by EMA200 slope + ADX).
A pullback to the short-term EMAs (21/50).
A recovery back into the trend, ideally near a pivot level (support/resistance).
Then it enters a trade with risk-based position sizing and manages exits with ATR-based stop-loss, take-profit, breakeven, and optional trailing stop.
It waits for:
A strong trend (measured by EMA200 slope + ADX).
A pullback to the short-term EMAs (21/50).
A recovery back into the trend, ideally near a pivot level (support/resistance).
Then it enters a trade with risk-based position sizing and manages exits with ATR-based stop-loss, take-profit, breakeven, and optional trailing stop.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.