To enable alerts: Add the indicator to the chart and create a new alert with the settings Condition: , Frequency: Once Per Bar (on Close).
Feel free to message me if you have any questions :)
- Improved signal validity when price is hovering around EMA (according to the strategy rules)
- Implemented optional ATR stop loss algorithm for making stops and targets slightly tighter while still adjusting for volatility.
ATR Stop Loss Algorithm:
If ATR is under 30 then stop loss = 20 pips
If ATR is over 30 but under 50 then stop loss = 30 pips
If ATR is over 50 but under 100 then stop loss = 50 pips
If ATR is over 100 then stop loss = 100 pips
Cleaned up the code and simplified the settings interface.
I will be releasing a new-and-improved premium version of this indicator soon with more options and features (the one I use in my own personal trading).
Check my website for more information - http://www.zenandtheartoftrading.com/ind...
Go to http://www.zenandtheartoftrading.com for articles on forex trading, trading psychology, trading resources, Pine Script lessons and more!
Have you backtested it thoroughly on all the pairs you're trading it on? If not, you really need to take the time to do that. I made a YouTube video where I explain how I go about backtesting strategies. You might find that helpful:
Otherwise I recommend emailing Steven himself for help because he's a far more experienced trading coach and mentor than I am. I've been trading this strategy profitably for a little over 2 years now, but Steven has been trading it for much, much longer - so he can probably be more helpful to you then I can be. Good luck man!