Thanks for your open code and effort.
I tested only the exit points
For forex I tested it on EURUSD and it was less than 30% accuracy.
Metals: less than 40% accurate.
Crypto: Less than 30%
Tested on September 2019.
Ranging market really jams this indicator. Maybe you should combine with ATR + certain volium to avoid ranging exits all at once.
ygoutham09122002
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@Talkozin, Hey I have a doubt i have a strategy of 20% accuracy its making 80% trades all wrong, that means my strategy is providing false signals most of the time. Does that mean i will be profitable when i reverse my trades, i.e when it shows buy - I will sell when it shows sell - i will buy i rewrite the code with strategy.long and strategy.short reversed. will that be fine?
DjChris27
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A better strategy is to close the short only when it goes above the "high" ema and vice versa for the longs.
Etc:
Open short when close below "low" ema.
Close short when above "high" ema.
Open long when close above "high" ema.
Close long when below "low" ema.
shanetrades1
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Thanks for the open code,after a little editing myself there are some really profitable pairs on the 1 and 4 hour timeframes (70% accuracy ,2pf,80% net profit and less then 1% Draw down.
How can i use this on a live account ???
randymachomancini
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@shanetrades1, do you mind sharing your changes for me to copy and paste?
Trailing is bugged in TradingView.
Don't use it.
This strategy is not profitable.