[Simple strategy] Main-chart + Sub-chart indicator - Long only
This is a relative simple strategy with merely 2 indicators. The main-chart indicator defines the entry point and the sub-chart indicator defines the exit point. With the help of Heikin-Ashi candle, most of the market noise was screened off, resulting in a smooth and steady growing equity curve.
In the back test report using 15 min time frame, the capital grows over 3 folds (312%) in just 4 months (31 July 2018 - 28 December 2018).
Algo trader may use a smaller time frame to gain better net profit result.
Note:
This is a non repaint script based on the latest "Pinescript version 3"
Disclaimer:
All trading involves high risk; past performance is not necessarily indicative of future results. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
In the back test report using 15 min time frame, the capital grows over 3 folds (312%) in just 4 months (31 July 2018 - 28 December 2018).
Algo trader may use a smaller time frame to gain better net profit result.
Note:
This is a non repaint script based on the latest "Pinescript version 3"
Disclaimer:
All trading involves high risk; past performance is not necessarily indicative of future results. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.