Who likes to trade oil?🛢️
POW EDGE in use on this idea.
And a good idea to show the adaptibility of the script.
This time trading oil on the 4H time frame.
We have a long trade closing in on it's TP target.
Printed labels show all trade details and we are working to TP3 target.
Chart shows how the last three trades also played out.
Green lines are TP and red lines are SL.
Stats for the strategy can be found at the base of this idea.
Stats are based on 1% risk per trade.
_______________________________________________________________________________________________________________
What is our EDGE script?
Our EDGE script is a trend following strategy, and can be used on any instrument and time frame.
The strategy simply sits in your TradingView and as the user see exactly what we see - the trade, entry price, SL and TP values.
EDGE script is a mechanical trading system which through third party services can be automated.
Our script is based on numerous indicators and when all confluences are met trades will alert.
When using the script you are able to see all the indicators used in the settings.
These indicators values can then be changed individually to suit and fit the instrument traded.
We just had to utilise Tradingview's pine coding and code in a built in strategy tester coded into the script.
Which means we can then instantly see back test results for instruments and know if what we are changing on the script settings will work or not on said instrument.
That means we are entering trades with confidence in our trading strategy.
Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position.
It also means we have clear set of trading rules for our entry, exit and risk management which removes any subjectivity from our trading.
Thanks for checking out my idea đź‘Ť
Darren.
And a good idea to show the adaptibility of the script.
This time trading oil on the 4H time frame.
We have a long trade closing in on it's TP target.
Printed labels show all trade details and we are working to TP3 target.
Chart shows how the last three trades also played out.
Green lines are TP and red lines are SL.
Stats for the strategy can be found at the base of this idea.
Stats are based on 1% risk per trade.
_______________________________________________________________________________________________________________
What is our EDGE script?
Our EDGE script is a trend following strategy, and can be used on any instrument and time frame.
The strategy simply sits in your TradingView and as the user see exactly what we see - the trade, entry price, SL and TP values.
EDGE script is a mechanical trading system which through third party services can be automated.
Our script is based on numerous indicators and when all confluences are met trades will alert.
When using the script you are able to see all the indicators used in the settings.
These indicators values can then be changed individually to suit and fit the instrument traded.
We just had to utilise Tradingview's pine coding and code in a built in strategy tester coded into the script.
Which means we can then instantly see back test results for instruments and know if what we are changing on the script settings will work or not on said instrument.
That means we are entering trades with confidence in our trading strategy.
Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position.
It also means we have clear set of trading rules for our entry, exit and risk management which removes any subjectivity from our trading.
Thanks for checking out my idea đź‘Ť
Darren.
More Info here:
link.team-pow.com/1gN7L3
link.team-pow.com/1gN7L3
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