Requirements.ITF file: ALEX ATB Indicator Signal (Click and get it) Indicator code:
REM Variables mm = Exponentialaverage(close) once uma=Highest(high) once umb=Lowest(low) objetivo=45*pipsize if High > mm and Low < mm then // TOuching Ema8 tb = BarIndex ltp = mm uma = mm umb = mm endif if low>mm then // New bullsih movement n = BarIndex - tb uma=Highest[n](high) umb=mm endif if high<mm then // New bearish movement m = BarIndex - tb umb=Lowest[m](low) uma=mm endif if (uma-ltp)>objetivo and uma>mm then // buy condition compra=1 endif if (uma-ltp)<=objetivo then compra=0 endif if (ltp-umb)>objetivo and umb<mm then // short condition venta=-1 endif if (ltp-umb)<=objetivo then venta=0 endif Return compra coloured(0,128,0) as "compra", venta coloured(220,20,60) as "venta"
Recomendations3000 € / $ and max risk of 2% per trade.
How it worksFirstly, is a simple trend following system. Look for a fast price move in whatever direction, this movement must be longer than 45 pips from last touch with Ema8, and then a retracement touching Ema8 will fill our limit order and join the trend. Fixed Stop ploss and target pprofit give us unreal vision of the strategy in the backtest. However I'll keep trading it since is profitable for me since March, not as good as backtest results shows, of course... but very interesting... ;)
Best trading ever, Adolfo.
defparam cumulateorders=false defparam preloadbars=8 defparam flatbefore=090000 defparam flatafter=213000 mycompra, myventa = CALL "ALEX ATB Indicator" ema=ExponentialAverage(close) advance=abs(round(ema-ema)) mylot=(((Strategyprofit+3000)*0.02)/30) if not longonmarket and mycompra=1 then BuyPrice = ema+advance buy mylot contract at BuyPrice limit endif if not shortonmarket and myventa=-1 then SellPrice = ema-advance sellshort mylot contract at sellprice limit endif set stop ploss 30 set target pprofit 25
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