Simple Long Term Strategy enters long when the first selected average crosses above the fifth and enters short on the opposite cross, only inside the chosen start and end dates. It closes longs and shorts on crosses with the third average and also exits with a fixed profit target and stop loss. Lengths, source, and which averages form the crosses are adjustable. No market or timeframe is specified.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
hlc3
src
MA 1 Length
int
1
ema1Len
MA 2 Length
int
5
ema2Len
MA 3 Length
int
10
ema3Len
MA 4 Length
int
21
ema4Len
MA 5 Length
int
55
ema5Len
Start Date
time
timestamp("20 Feb 2001 00:00 +0300")
start
End Date
time
timestamp("20 Feb 2022 00:00 +0300")
end
Crossover MA1
input
ema1
crossema1
Crossover MA2
input
ema2
crossema2
Crossover MA3
input
ema3
crossema3
Crossover MA4
input
ema4
crossema4
Show all 13 settings
Setting
Type
Default
Variable
Crossover MA5
input
ema5
crossema5
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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