My script is meant for beginners but can be used by veterans too. Just pick one or two strategies, you don't want to flood your chart with conflicting signals. You may want to support your trades with a proper analysis. Is the market trending? Is there a fundament around the corner?
If a new signal occurs when there is still an open position, you are not supposed to take another.
The current version includes and + BB and BB strategies.
►Buy, when crosses below the signal line when it is negative. The price must also be above 200 .
►Sell, when crosses above the signal line when it is positive. The price must also be below 200 .
►This strategy was tested on 15-minute charts of EURUSD with reward-to-risk ratio 1,5 and win rate of 61% over 100 trades.
►►►MACD has to be added to your chart separately because it needs a new window. Ticking display indicators will not add to your chart.
►►►MACD was also tested by a different channel I made a script for. You can view the results and the script here:
+ BB strategy:
►Buy, when the price is above 200 and becomes higher than 25.
►Sell, when the price is below 200 and becomes higher than 25.
►Stop-loss is either 200 or level. Check the channel for more information.
►This strategy was tested on 5-minute charts of EURUSD , USDJPY , AUDUSD with reward-to-risk ratio 1,2 and win rate of 56% over 100 trades in total.
►Buy, when the price is above 200 and candle's low is below the lower .
►Sell, when the price is below 200 and candle's high is above the upper .
►This strategy was tested on 15-minute charts of EURUSD with reward-to-risk ratio 1,5 and win rate of 52% over 100 trades in total.
►►►Due to the relatively low win rate of this strategy, you need to filter out potentially harmful signals with a proper analysis.
Bear in mind that backtesting performance doesn't guarantee future profitability. • Most systematic strategies are not suitable for each timeframe - if you use the different timeframe than the one it was tested on, the result can differ significantly. • You should perform your own backtest to base your trades on more data & to establish confidence in the selected strategy. • This script is not a replacement for proper analysis.
New strategies will be added when I have time. If I see multiple people asking for the same feature, I might agree to release it with a new version. I am not going to add input options in this script, it could come as a separate script though. I am in no way affiliated with the Youtube channel, so if you find the script helpful, shot me a message or send me some TradingView coins >)
If you encounter any bug, you can report it in a message or in comments. Support it with screenshot and relevant information such as a time when it occurred and what options were on etc.
Ichimoku Cloud strategy:
►Buy, when 50 EMA crosses above 100 EMA. The price must also be above the cloud.
►Sell, when 50 EMA crosses below 100 EMA. The price must also be below the cloud.
►Stop-loss is the crossover.
►This strategy was tested on 5-minute charts of multiple major currency pairs with reward-to-risk ratio 1,3 and win rate of 51% over 100 trades.