Titan EMA Averaging Strategy (VIP Only) Enable Longs or Shorts only Works With Crypto + Forex with correct back tested settings This is not set and forget. This requires you to back test and have relevant Risk Management in place.
The Strategy: The script uses 3EMA with engulfing candle to enter a trade in either short or long direction.
You will need to test the settings and adjust them so there isn't too many - re-entries and make sure you take profit big enough to not trigger on same candle.
When setting alerts you can use once per bar however this may trigger multiple alerts if the candle is moving very fast so this is not recommended. So doing once per bar close will mean entry is confirmed as bar is closed. You will need to select this in drop down menu.
- Max Trade Limit. - All in one Alert. - Basically add syntax for example- Long/Take Profit/Re-entry/Emergency Stop. Then add one alert and select "Alert() function calls Only" Change Alert name to custom. That's it. -Built-in Strategy tester. - Trade Filter - Multi-MA Filters. - MA", "EMA", "WMA", "HullMA", "VWMA", "RMA", "DEMA", "TEMA", VWAP - ADX Filter based on Level.
Please note when running this strategy you can only trade longs only or shorts only for this setup to be potentially profitable. Also note that setting unrealistic profit targets will make a loss. So it is very important to back test everything.
This Script does not use any Security functions. All indicators which are used part of the strategy are obtained from Trading View indicator Library and have source code has been changed to make this into Strategy.