This trading strategy combines different indicators: 1) ADX, Average Directional Movement: to spot the trend 2) BB %B Bollinger Band %B: to spost relative price position to Bollinger Bands 3) AO Awesome Oscillator: to spot momentum 4) ema 5,ema21, ema50, ema200: to decide long or short position
You can configure: Take profit % : at which % gains to take profit from the entry price Stop loss % : at which % stop loss from the entry price BB %B Overbought: At which level you consider Overbought respect to Bollinger Bands (values 0 to 100) BB %B Oversold: At which level you consider Oversold respect to Bollinger Bands (values 0 to 100) Awesome Oscillator: AO level to consider a long or short position +/- 2 ADX: ADX value to consider a long or short position Start Date, Month, Year: Starting point for a backtesting strategy Lenght , Source , Standard Deviation: Bollinger Bands values ADX smoothing, DI Lenght: ADX values
Green and purple zones indicate when the strategy can go long or short.
Default Long conditions: ema5>ema21 and ema50>ema200 and bb>75% and ao>2 and adx>15 Default Short conditions: ema5<ema21 and ema50<ema200 and bb<25% and ao<-2 and adx>15
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