A full commentary to the script and FTSE analysis post can be found on the Backtest-Rookies website. To comply with house rules, I cannot post a direct link here.
The script must run on the 4H time frame…..Why? It is a quick and dirty implementation and it relies on entering a long position on the 4H bar before the market opens. This way the position will enter at the open of the market. (Since positions are always opening on the bar following an entry signal).