OPEN-SOURCE SCRIPT

TradePro's 2 EMA + Stoch RSI + ATR Strategy

Updated
Saw TradePro's "NEW BEST HIGHEST PROFITING STRATEGY WITH CRAZY RESULTS - 2 EMA+ Stochastic RSI+ ATR", and was curious on the back testing results. This strategy is an attempt to recreate it.

This strategy uses 50 / 200 EMAs, Stochastic RSI and ATR.

Long Entry Criteria:
- 50 EMA > 200 EMA
- Price closes below 50 EMA
- Stochastic RSI has gone into oversold < 20
- Stochastic RSI crosses up while making higher low from previous cross up

Short Entry Criteria:
- 50 EMA < 200 EMA
- Price closes above 50 EMA
- Stochastic RSI has gone into overbought > 80
- Stochastic RSI crosses down while making lower high from previous cross down

Stop-loss is set to ATR stop-loss
Take Profit is 2x the risk

All parameters are configurable.

Enjoy~~

Release Notes
Fixed bug on Reward to Risk Ratio and Take Profit target not calculated properly
Release Notes
Per suggestion, added option to move stop-loss to breakeven when trade hit X Reward to Risk Ratio.
ATRAverage True Range (ATR)Exponential Moving Average (EMA)ptgamblerStochastic RSI (STOCH RSI)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


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