This strategy trades directional momentum breakouts for crude oil on the price chart. It enters long or short positions when a fast exponential moving average crosses a slow exponential moving average, provided that current Average True Range exceeds its movin
Strategy · Pine Script v5 · On the chart
3Commas Bot
This strategy draws two moving averages on the price chart and uses their bias to open long or short trades.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code334
Settings28inputs
LicenceNone stated
Last update8 months ago25 Feb 2026
Add It to Your TradingView Chart
- 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
3Commas Bot places the stop beyond a swing high or low using an ATR risk multiple, then sets a limit exit from the reward-to-risk ratio. An optional ATR trail can start after part of the target is reached. Settings toggle each side, reversals, a session filter, and a maximum-drawdown halt that stops new entries. It does not add to an open position in the same direction.
- Dual configurable moving averages
- Swing high and low ATR stop
- Reward-to-risk limit exit
- Optional ATR trailing stop
- Maximum drawdown trade halt
Details
Published by
regalouisei on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Detect Long Trades | bool | true | longTrades |
| Detect Short Trades | bool | true | shortTrades |
| Use Limit exit | bool | true | useLimit |
| Use ATR Trailing Stop | bool | false | trailStop |
| Allow Reversal Trades | bool | false | FLIP |
| Set Max Total DrawDown | bool | false | setMaxDrawdown |
| Reward to Risk Ratio | float | 1 | RnR |
| Risk Adjustment | float | 1 | RiskM |
| Swing Lookback | int | 5 | swinglookback |
| Max Drawdown (%) | int | 20 | maxPercDd |
| ATR length | int | 14 | atrLen |
| ATR Trailing Stop Multiplier | float | 1.0 | trailStopSize |
Show all 28 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Trailing Stop Source | string | High/Low | trailSource |
| R:R To Trigger Exit | float | 0.0 | rrExit |
| MA Type #1 | string | EMA | maType1 |
| MA Type #2 | string | EMA | maType2 |
| MA Length #1 | int | 21 | maLength1 |
| MA Length #2 | int | 50 | maLength2 |
| maBull1 | color | #64b5f6 | maBull1 |
| maBear1 | color | #ef5350 | maBear1 |
| maBull2 | color | #64b5f6 | maBull2 |
| maBear2 | color | #ef5350 | maBear2 |
| Draw entry price | bool | false | drawEntry |
| Draw trail trigger price | bool | true | exitLvl |
| Use Time Session Filter | bool | false | useTimeFilter |
| Time Session To Ignore Trades | session | 0000-0300 | timeSession |
| Start Filter | time | timestamp("01 Jan 2000 00:00 GMT-7") | startTime |
| End Filter | time | timestamp("01 Jan 2099 00:00 GMT-7") | endTime |
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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