This script was inspired by the "Heikin/Kaufman Strategy" from marco valente built on v2.
The script was rebuilt on the v5 and most importantly removed the repaint function that was driving surrealistic backtesting inflated numbers.
This script is now fully functional and not repainting - At the time of testing worked efficiently 90% WR and 2x profit factor on CFD WTI OIL with a 15m time frame indexed on forex.com price.
You should utilize this script with caution, especially on high volatility cycles you can try plotting against a volatility relative index or stop.
I also strongly recommend understanding the fundamentals of WTI OIL to balance the indications of the strategy with fundamentals.
Thanks to Clovis Warlop and Nilesh Sharma for their contribution.
Hi, Thanks for this script. There are some good RUN UP, so can I set targets to it (Like Upper Bollinger Band )or trail it with few points? This will yield even better results isnt ? Kindly help. Also let me know if you have equivalent Python script for this strategy? Thank you
plantsstudent
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How is the indicator used to test the strategy? For example, shorting under the line and longs on top or? thanks. Also include wallet to send bitcoin for donation.