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 v6 · On the chart
IBKR Safe Forex Strategy
The IBKR Safe Forex Strategy is a Pine Script v6 strategy that trades forex pairs using crossovers of 10-period and 50-period EMAs, filtered by a 200-period EMA and restricted to London or New York session overlap.
GitHub stars1on the repository
Pine versionv6current
Lines of code64
Settings2inputs
LicenceNone stated
Last update1 year ago11 Apr 2025
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
IBKR Safe Forex Strategy enters long positions on fast EMA above slow EMA with price above filter, and short on the opposite crossover. Position size is calculated from equity risk percentage divided by ATR-based stop distance at 3x multiplier, adjusted for leverage up to 50 percent equity usage. The strategy plots fast, slow, and filter EMAs on the price chart. Main settings adjust leverage, risk percent, ATR length, and stop multiplier.
- EMA Crossover Signals
- ATR Stop Loss
- Risk Based Sizing
- Session Filter
- Leverage Management
Details
Published by
CodeThat on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands, Sessions & time
Markets
Forex
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 |
|---|---|---|---|
| Leverage | int | 10 | leverage |
| Risk % | float | 1.0 | riskPercent |
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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