A Pine v5 strategy that enters on a 3-period and 30-period EMA crossover when the candle is strong, meaning its body is at least 80 percent of its full range.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
A bullish cross on a strong green candle opens a long, and a bearish cross on a strong red candle opens a short. Fixed profit and loss distances in points and a trailing stop are applied. It also plots the previous day high, low and close as dots. It has no inputs; values are set in the code.
3 and 30 EMA crossover entries
Strong candle body filter
Previous day high, low and close dots
Fixed point stop loss, take profit and trailing stop
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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