//@version=6
strategy("If Wrapped Subexpression Condition", overlay=true)
var int entryTime = na
inLong = strategy.position_size > 0
inShort = strategy.position_size < 0
if (inLong or inShort) and not na(entryTime)
strategy.close("L", comment="wrapped-if")
fastLine = ta.ema(close, 8)
slowLine = ta.ema(close, 21)
if ta.crossover(fastLine, slowLine)
strategy.entry("L", strategy.long)
if ta.crossunder(fastLine, slowLine)
strategy.close("L", comment="cross-under")
Overview
If Wrapped Subexpression Condition calculates an 8-period fast EMA and a 21-period slow EMA from closing prices. The strategy executes a long entry when the fast EMA crosses above the slow EMA. Positions are closed when the fast EMA crosses under the slow EMA or when a wrapped position and time condition evaluates as true. It draws directly on the price chart. The strategy has no default stop loss or take profit levels.
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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