From my testing it looks like it perform the best on timeframes 4h +.
The below example has been adapted to BNB/USDT , using the entire period since 2017 until present day, with a comission of 0.03% ( which is the comission for the on binance).
Its components are :
Rules for entry
For long, we have a crossover of the fast with the slow one and the histogram is ascending.
For short, we have a crossunder of the fast with the slow one and the histogram is descending.
Rules for exit
We exit based on a risk management system for TP and SL, or when we receive an opposite condition than the initial one.
Regarding risk management
0. 05 = 5% movement
2 = 200% movement
0.001 = 0.1% movement
If you have any questions, let me know !
🔻Binance : https://www.binance.com/en/register?ref=58670354
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In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.