In this update I have added "Take Profit" option and cleaned up the risk management code. Also changed the close BUY/SELL order if EMA20 direction changes rather the next BUY/SELL opposite signal, making the close earlier.
BE ADVISED TO USE AT YOUR OWN RISK, even though back testing has shown good results, I don't have any Forex trading account to forward test against. You need to perform these test yourself and get back to me if there is any issues.
With this i have complete confidence and now i can open more currency pairs to see what this puppy can really do =P. if i can manage to run at least 5.. and get 35 trades with with at least 30 itm.. I can at least make a profit of 504$!!!
I have tested the risk managment script of JayRogers
I don"t know whether it is a script problem or problem of tradingview but this risk managment closes trades always on top or low of bars. What do you think about this? What can be a problem?
Do you have an idea how can a startegy be tested in TV whether it is profitable without to use risk managment from TV? Most of strategies without risk managment lose money.