A very simple strategy based on the crossing of 2 oscillators. It works well on EUR USD 1 H and forex in general
- When green line crosses over red line enter long
- When red line crosses over green line enter short
The strategy also embed a trailing stop that start at 20 pips profit with a step of 5 pips.
Be sure to have the “StocEvo” indicator in your platform (download the attached files and import them to be sure, otherwise the strategy will not work).
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sel, ses, ignored = CALL StocEvo[21] //condition to enter long b1 = sel crosses over ses b1 = b1 and sel > 36 IF NOT OnMarket AND b1 THEN BUY 1 CONTRACTS AT market ENDIF // condition to exit long b2 = sel > 53 If LongOnMarket and b2 THEN SELL AT MARKET ENDIF // condition to enter short //se1 = ses crosses over sel s1 = s1 and ses > 36 IF NOT OnMarket AND s1 THEN SELLSHORT 1 CONTRACTS AT market ENDIF // condition to exit short s2 = ses > 53 IF ShortOnMarket and s2 THEN EXITSHORT AT MARKET ENDIF //trailing stop function trailingstart = 20 trailingstep = 5 //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF SET STOP %LOSS 0.45 |
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// stokEvo oscillator if low < low[1] then llv = (highest[b](low)-low)/(highest[b](low)-lowest[b](low)) else llv = 0 endif LLSv = exponentialAverage[b](LLv)*100 if high > high[1] then hhs = (high - lowest[b](high))/(highest[b](high)-lowest[b](high)) else hhs=0 endif hhsv = exponentialaverage[b](hhs)*100 return hhsv coloured(0,250,0) style(line,2),llsv coloured(300,0,0) style(line,2),50 coloured(300,0,0) style(line,2) |
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Hi Pier, I’ve put the indicator under the graph and it draws the two signal lines and one red horizontal line? is it correct? should I see a green horizontal line too? thanks
Maybe the parameter “P” has not been set
The default setting is 21
it works only for Long position; it does not work in short position, do you know why?
line 18, replace the begining “//se1” to “s1”
Vytautas: es bleibt aber nur bei long Auslösungen
es sind leider nur long Positionen und keine Short zu erkennen.
this one is not a winner, have backtested it on almost all pairs, does not have an edge