Anyone offer an opinion? I have had this coded in Pine script and using trading perspective. The egy is called Todd's egy 1.6
My egy is easy how to code it appears to be difficult??
1. To get a buy trade, Price closes above 20 EMA (candle 1)
2. Candle 2 opens at closing of #1 and closes below close of #1
3. The tendency for the prior 10 phases must between 25 and 35 degrees.
4. Entrance is at start of next candle (#3)
The concept is that following a 1 period (normally daily) alteration, price begins moving in the direction of predominant trend. I personally have success with this.
There's the capacity to place stop loss and Take profit. It's defined as a percent and seems very elaborate. I just found that ticks may be used to shut a transaction (just need to x10). What will work?
For me personally the tendency is quite important and ought to be filter. There are some decent consequences for 10-12 pairs on 1 hr, 4 hr and daily frames.
This is my very first attempt at automating and would be grateful for someone to point out some errors I have made.
All times are GMT. The time now is 01:12 PM.
Risk Disclosure: CLIQforex will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
CLIQforex would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore CLIQforex doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.