A scalping strategy based on a moving average channel. Only long positions when above the channel and only short positions when below. Works best on the really low timeframes like 3 minute.
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Update: Set all the default options to what gives the best results, also added ability to define backtest period. Tradingview limits to 9000 bars though so on low timeframes you will only get 1 month
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Removed the date select option. No need for it. Updated some color on the channel and the moving averages
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Added a setting to change the value of the ema channel, default is 89.
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Add some new settings
The chart will now show the stop loss point
Refined some settings to increase winning trades.
Some under the hood updates.
The chart will now show the stop loss point
Refined some settings to increase winning trades.
Some under the hood updates.