by akash-yellgetti· code credited to Iason Nikolas | jason5480
A strategy that goes long when a fast simple moving average crosses above a slow one, and short on the opposite cross, with separate switches for long and short deals.
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
Stop loss can be set by percentage or ATR multiple and can trail, with an optional break-even move. Take profit can use percentage, ATR or a risk-reward ratio, can trail by a set distance, and can close a portion of the position.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
From
bool
false
fromDateTime
time
timestamp('01 Jan 2023 00:00')
To
bool
false
toDateTime
time
timestamp('01 Jan 2024 00:00')
Timezones Ref->Chart
string
Exchange
Timezones Ref->Chart
->
string
Exchange
->
Long Deals
bool
true
longDealsEnabled
Short Deals
bool
true
shortDealsEnabled
Fast/Slow SMA Length
int
21
fastMALen
slowMALen
int
49
slowMALen
ATR Length
int
14
atrLength
Stop Loss Method
string
PERC
stopLossMethod
Show all 30 settings
Setting
Type
Default
Variable
Long/Short Stop Loss %
float
7.5
longTrailingStopLossPerc
shortTrailingStopLossPerc
float
7.5
shortTrailingStopLossPerc
ATR Long/Short Mul
float
3.0
longStopLossAtrMul
shortStopLossAtrMul
float
3.0
shortStopLossAtrMul
Enable Trailing
string
TP
stopLossTrailingEnabled
Break Even
bool
false
breakEvenEnabled
Take Profit Quantity %
float
50
takeProfitQuantityPerc
Take Profit Method
string
PERC
takeProfitMethod
Long/Short Take Profit %
float
10.0
longTakeProfitPerc
shortTakeProfitPerc
float
10.0
shortTakeProfitPerc
ATR Long/Short Mul
float
9.0
longTakeProfitAtrMul
shortTakeProfitAtrMul
float
9.0
shortTakeProfitAtrMul
Long/Short RR Ratio
float
1.5
longRiskRewardRatio
shortRiskRewardRatio
float
1.5
shortRiskRewardRatio
Enable Trailing
bool
true
takeProfitTrailingEnabled
Distance Method
string
PERC
distanceMethod
Distance %
float
1.0
distancePerc
Distance ATR Mul
float
1.0
distanceAtrMul
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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