This trading strategy combines different indicators:
1) ADX , Average Directional Movement to make sure we are in a trend.
2) BB %B Bollinger Band %B: to spots relative price position to Bollinger Bands
3) AO Awesome Oscillator for momentum - you will need to configure this to fit the pair.
4) EMA 5, EMA 21, EMA 50, EMA 200: crossovers to get our entry short or long & trend direction
This script was inspired by TraderPro - Crazy 78% Win Rate Proven Trading Strategy Revealed - ADX + BB %B + AO + EMA
My settings are pretty much as default.
- I have added a 10,000 USD default
- 7% of portfolio is used to create the results.
You can of course optimize all of this in the settings.
WARNING:
- For purpose educate only
- Plots EMAs and other values on chart.
- This script to change bars colors.