VEST [mcristianrios] Strategy
The core functionality will not be fully explained but why VEST?
- Volume: There are three configurations base on Volume in order to operate in favor of the market.
- Ema vs Ema: There are three configurations base on two EMAs crossing each other.
- Super Trend:If trend goes Long why not? Volume and EMA alone are not enough and it works as a filter to avoid not favorable trades. Factor and ATR Length are configurable.
What else do you I to offer? Oh yeah!
Going with the idea of managing risk VEST can enable up to 7 TP signals. So, if profit pips is 100 at 1:1 and take profit 2.5:1 is enabled we'll have: TP: 250pips and SL: 100pips
What markets can this indicator be used on?
Only Forex.
What time-frames can this indicator be used on?
This indicator can be used from 5 minutes up to 37 minutes.
Does Study Indicator repaint?
No
-- It should be configured to send alerts Once Per Bar Close
* Besides that the only functionality of the Study Indicator is to send Alerts *
Does the study indicator fill SL Price and TP Price on alerts?
Yes, it certainly does having one alert per Take Profit.
So can I automate this?
Of course yes! And alert messages are set by default to work with TradingConnector.
As a preview suggested configuration for a Long 2.5:1 operation looks like: long tradesymbol={{ticker}} slprice={{plot("SLLong")}} tpprice={{plot("TPLong25")}}
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This is not a free to use indicator. Get in touch with me if you would like access to both indicators for a free trial before deciding on a paid access for a period of your choice.
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- Showing ema vs ema
- Small fix in third ema vs ema configuration.
- Changes in default configuration.
Including now background candles that are part of the second script (Study) that is ready be used.
Skrip jemputan sahaja
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