OPEN-SOURCE SCRIPT
therebel Magic System
Simple programming exercise of the system described by /u/therebel.
Signals MACD crossover on price above and below EMA 200 (blue for longs, red for shorts).
You should wait for the candle to close before considering the signal. And always check the fundamentals.
Risk less than 2% per trade, allow winners to run using a trailing stop.
When the market has proved you wrong exit with out any hesitation. This is key.
Might be useful for someone, but don't take it too seriously. If I might add something, I think a good trailing stop can be the previous candle wick.
Signals MACD crossover on price above and below EMA 200 (blue for longs, red for shorts).
You should wait for the candle to close before considering the signal. And always check the fundamentals.
Risk less than 2% per trade, allow winners to run using a trailing stop.
When the market has proved you wrong exit with out any hesitation. This is key.
Might be useful for someone, but don't take it too seriously. If I might add something, I think a good trailing stop can be the previous candle wick.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.