This is a script to assist with backtesting the strategy outlined in the course. It follows the 5 basic rules of entry.
There is much clearer signals and improved and organized code
Note #1 - ATR hasnt been added to TP & SL yet
Note #2 - These signals dont take into account retracement level, so verification is required on that front
- I've added checkbox options to ignore either buy or sell signals
What do you think of the pullback strategy?
Do you have already decided witch currency pairs trade the best whit this strategy in 2020?
For now just backtesting and creating a trading plan around this strategy.
Thanks for al the hard work en publicizing this script!
I think it depends on the time frame, & currency pair. Also some of the pairs work better with just buy/sell orders on their own.
There's no one pair that works all the time. Probably best to backtest once every few months to see if the pair is still reacting strongly to the strategy. It changes.
"Bars back to check previous high/low" - This will determine how far back it will look for the "swing" (It's not the same for all currency pairs but the script doesn't have a human eye to determine this)
"Risk Factor" - This is only for the Strategy Tester to determine where your Take Profit will be relative to Stop Loss
"Allow Sell/Buy Signal" - Enable/disable sell signals (Useful for certain pairs)
by the way thank you for making this script and post it on public.
can i ask does it have an alarm? whenever there is a trade?