BacktestRookies

Babypips: Inside Bar Momentum Strategy

The strategy contained in this post comes courtesy of babypips (.com), an excellent resource for all thing forex related. If you are new to trading, the site is definitely worth checking out!

Code commentary and an introduction to Inside Bars are available for this post on the Backtest-Rookies (.com) website.

Note: If you are interested in custom development services, please check out our services page on the Backtest-Rookies site.

Strategy Overview

Inside Bar Momentum Strategy.

  • Inside Bar Detection
  • Position sizing based on stoploss distance (Note: Based on equity and assumes that the account currency is the counter currency.
  • Stop buys for entries
  • Takeprofit / Stoplosses for exits
  • Control Stopbuy, Takeprofit and Stoploss targets with inputs
  • Control Backtest start/end dates
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Kommentarer

can this execute trades on your behalf?
+4 Svara
good job!but how to change it to indicator and add alert?
+1 Svara
@koolaysun, change "strategy" to "study" in row7. And add use the function alertcondition for alerts.
+1 Svara
Blitz20 Phi-Deltalytics
@Phi-Deltalytics,
I have been trading for years but just started with trading view and love the program.

I changed to study but get:
Add to Chart operation failed, reason: line 7: Undeclared identifier `study.percent_of_equity`;
line 7: Unknown argument `default_qty_type` of type type_error;
line 7: Unknown argument `default_qty_value` of type literal integer
Add to Chart operation failed, reason: line 7: Undeclared identifier `study.percent_of_equity`;
line 7: Unknown argument `default_qty_type` of type type_error;
line 7: Unknown argument `default_qty_value` of type literal integer

I want to add the alert function
Svara
Anyone willing to convert this to Alert (STUDY) file? I tried to follow the mentioned instructions will no success...
Svara
SreeniK OMFSmike
@OMFSmike, yes, I needed it too
Svara
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