OPEN-SOURCE SCRIPT

Triple EMA Strategy

4 017
This is my first ever script so any suggestions, recommendations or improvement ideas welcome!

This strategy is an implementation of a standard three exponential moving averages strategy (defaults: EMA1=5, EMA2=20 and EMA3=50 candles). Trades are executed if EMA1 crosses above/below EMA2 and they are both above/below EMA3. In addition, the close of the current candle must be above/below the previous one by at least the number of ticks you specify in the "buffer" parameter (default 150 ticks). This additional check eliminates many bad trades.

There is also a trailing stoploss which comes into play once the price has gone above/below its initial value which it then follows the price with to ensure the trade closes at the highest possible price.

I find this strategy works best on a 15 minute chart but feel free to play around and fine tune the various parameters. If you find a good setup that returns decent profits, I'd be keen to hear it!

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.