In this update I have added "Take Profit" option and cleaned up the risk management code. Also changed the close BUY/SELL order if EMA20 direction changes rather the next BUY/SELL opposite signal, making the close earlier.
BE ADVISED TO USE AT YOUR OWN RISK, even though back testing has shown good results, I don't have any Forex trading account to forward test against. You need to perform these test yourself and get back to me if there is any issues.
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.
With this i have complete confidence and now i can open more currency pairs to see what this puppy can really do =P. if i can manage to run at least 5.. and get 35 trades with with at least 30 itm.. I can at least make a profit of 504$!!!
*** ETHBTC pair on Binance / 15min / £6000 investment / Order size 100% used / 0.075% fees
I have done few tweeks and I came out with following results:
*** Price Divergence Strategy V1 / Net Profits +£6270.67 (+104.51%) / Total Closed Trades 504 / Percent Profitable 91.47% / Max Drawdown -£508 (-5.72%) / First Trade 2020/12/02 04:45
*** QQE Cross v1.1 / Net Profits +£8502.82 (+141.71%) / Total Closed Trades 997 / Percent Profitable 77.63% / Max Drawdown -£1680.90 (-10.61%) / First Trade 2020/12/01 12:45
With the one suggested (below) I couldn’t get it work well at all.
*** BackTest.QQE Cross v6.0 by JustUncleL / Net Profits -£489.25 (-8.15%) / Total Closed Trades 247 / Percent Profitable 35.22% / Max Drawdown -£1377.42 (-20.24%) / First Trade 2020/12/01 12:45 / First Trade 2020/12/02 09:00
Obviously, the Price Divergence Strategy V1 is stunning, cautious and bold at the same time, with 91.47% Profitable but I can’t get it work to send webhooks alerts to my 3commas account…
If you could point me in the right directions I'll test it and let you know any future results. I appreciate your time, thank you...