Strategy Premise
This is a simple Moving Average crossover strategy. If the fast MA crosses above the slow MA, buy and if the fast MA crosses below the slow MA, sell.
Strategy Logic
Long Entry: When MA fast > MA slow, send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit, and MA fast < MA slow, send LX and SE
Short Entry: When MA fast < MA slow, send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit, When MA fast > MA slow, send SX and LE
MA Cross Parameters for TradingView Charts
MA Type: Choose whether to use EMA, SMA, WMA, Linear, RMA, VWMA
MA Source: Source for the moving average
Fast MA: Length of fast MA to calculate
Slow MA: Length of slow MA to calculate
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit