So basically, the when the price goes down a little, it buys, and when it goes up a little it buys. The only indicators are account balances, and the price, that’s it. Now I wish that Pine Script had a function or variable in which I could recall the balances of specific portions of the portfolio, but it doesn’t. So, I had to improvise. Now for this to work...
Fixed Percent Stop Loss & Take Profit %
A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price.
Yup, that's about it!
You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT really profitable and NOT recommended!
You should be using...
This script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually.
- Crossovers are plotted on the chart with detailed...