This strategy plots on the price chart and enters when three smoothed moving averages are aligned, RSI is on the matching side of 50, and a Williams fractal appears. An upward stack with RSI above 50 and a down fractal opens a long; the opposite setup opens a
Strategy · Pine Script v4 · On the chart
SlimTrades 15m
A strategy on the price chart with defaults aimed at a 15 minute chart.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code348
Settings26inputs
LicenceNone stated
Last update4 years ago2 Dec 2021
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
SlimTrades 15m uses RSI zones and two rolling highest and lowest ranges to open longs and optionally shorts, and can add to a position on lows or highs when RSI reaches set levels. Exits use RSI close zones, minimum percentage moves, separate trailing stops and fixed take profit percentages for each side. A days-back window restricts testing, and position size is a fixed cash amount.
- RSI zones with rolling range levels
- Optional adds on lows or highs
- Fixed take profit percentages per side
- Long and short trailing stops
Details
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max Days Back to Test | int | 120 | daysBackMax |
| Hi Low Slow | int | 45 | hiLowSlow |
| Hi Low Super Slow | int | 68 | hiLowSuperSlow |
| Buy Long Zone RSI | int | 50 | buyLongZoneRsi |
| Close Long Zone RSI | int | 64 | rsiCloseLongZone |
| Short Short Zone RSI | int | 48 | shortShortZoneRsi |
| Close Short Zone RSI | int | 33 | rsiCloseShortZone |
| Close Short Min (%) | float | 0.4 | closeShortPerc |
| Close Long Min (%) | float | 2.3 | closeLongPerc |
| Long Trail Stop (%) | float | 7.8 | longTrailPerc |
| Short Trail Stop (%) | float | 2.8 | shortTrailPerc |
| Allow Shorts | bool | true | allowShorts |
Show all 26 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast Open Long | bool | true | fastOpenLong |
| Fast Open Short | bool | true | fastOpenShort |
| Fast Open Short RSI | int | 70 | fastOpenLongRsi |
| Fast Open Short RSI | int | 28 | fastOpenShortRsi |
| Add On Lows | bool | true | addOnLows |
| Add Low RSI | int | 43 | addLowRsi |
| Add On Highs | bool | false | addOnHighs |
| Add High RSI | int | 60 | addHighRsi |
| Show Slow | bool | true | showSlow |
| Long Short Closes | bool | true | longShortCloses |
| Long Short Stops | bool | true | longShortStops |
| Buy Short Zone RSI | int | 39 | buyShortZoneRsi |
| Long Take Profit (%) | float | 17.7 | longProfitPerc |
| Short Take Profit (%) | float | 9.3 | shortProfitPerc |
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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