CADJPY trend trade closing in on TP target ðŊ
Not had an EDGE trade idea for a while.
Little late to the computer on this one a CADJPY 15M trade.
But it does show how our EDGE trend system picks the moves up.
Trade has been in progress for a few hours.
Has been in draw down for a period but is now closing in on TP target.
Working to TP3 on the printed chart label.
As always stats are at the base of this idea.
__________________________________________________________________________________________________________
What is our EDGE script?
Our EDGE script is a trend following strategy, and can be used on any instrument and time frame.
The strategy simply sits in your TradingView and as the user see exactly what we see - the trade, entry price, SL and TP values.
EDGE script is a mechanical trading system which through third party services can be automated.
Our script is based on numerous indicators and when all confluences are met trades will alert.
When using the script you are able to see all the indicators used in the settings.
These indicators values can then be changed individually to suit and fit the instrument traded.
We just had to utilise Tradingview's pine coding and code in a built in strategy tester coded into the script.
Which means we can then instantly see back test results for instruments and know if what we are changing on the script settings will work or not on said instrument.
That means we are entering trades with confidence in our trading strategy.
Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position.
It also means we have clear set of trading rules for our entry, exit and risk management which removes any subjectivity from our trading.
More Info here: www.team-pow.com
Thanks
Darren ð
Little late to the computer on this one a CADJPY 15M trade.
But it does show how our EDGE trend system picks the moves up.
Trade has been in progress for a few hours.
Has been in draw down for a period but is now closing in on TP target.
Working to TP3 on the printed chart label.
As always stats are at the base of this idea.
__________________________________________________________________________________________________________
What is our EDGE script?
Our EDGE script is a trend following strategy, and can be used on any instrument and time frame.
The strategy simply sits in your TradingView and as the user see exactly what we see - the trade, entry price, SL and TP values.
EDGE script is a mechanical trading system which through third party services can be automated.
Our script is based on numerous indicators and when all confluences are met trades will alert.
When using the script you are able to see all the indicators used in the settings.
These indicators values can then be changed individually to suit and fit the instrument traded.
We just had to utilise Tradingview's pine coding and code in a built in strategy tester coded into the script.
Which means we can then instantly see back test results for instruments and know if what we are changing on the script settings will work or not on said instrument.
That means we are entering trades with confidence in our trading strategy.
Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position.
It also means we have clear set of trading rules for our entry, exit and risk management which removes any subjectivity from our trading.
More Info here: www.team-pow.com
Thanks
Darren ð
