2-period RSI strategy backtest described in several books of the trader Larry Connors . This strategy uses a 2 periods RSI , one slow arithmetic moving average and one fast arithmetic moving average.
Entry signal:
- RSI 2 value below oversold level (Larry Connors usually sets oversold to be below 5, but other authors prefer to work below 10 due to the higher...
Strategy described in the book "Short Term Trading Strategies that Work", written by Larry Connors and Cesar Alvarez.
It is the simplest strategy I know and has only 3 rules:
- Price must be above the arithmetic moving average of 200 periods.
- Buy when the price closes below the closing of the last 7 days.
- Sale when the price closes above the closing of the...
Four adjustable moving averages set in order to produce buy and sell signals, works best on smaller timeframes from my backtesting, 10M - 30M seems optimal for scalping.
The idea behind this script is to only enter positions that are following the trend in order to minimise drawdown and decrease risk when using leverage.
The script will only enter long...
Interesting performance for simple MA strategy on 1m ETHUSD. I used only close price and 15 SMA in it.
Performance is 55% over 10 days with a drawdown of only 3.5%.
Percent profitable is only 30% with almost 2k trades.
For sure this won't work as a standalone strategy, with 2k trades commission and slippage will destroy all your PNL but it can be a pretty good...
1. Trend
if ema200 > ema30 Long entry only
else Short entry only
2. Custom Band
Upper band = sma(period) + max(close, period) * multiplier
Lower band = sma(period) - max(close, period) * multiplier
Multiplier can be either 1.3 or 1.1 depending on the trend.
(If trend is long, upper band's factor would be 1.3, lower band be 1.1)
2. Long entry condition
-...
The Golden Cross is one of the simplest market indicator who helps long term investors to entry a position.
With that in mind, I made a very easy to understand backtest showing how much we could earn if we entered in a Golden Cross and exit when Death Cross happening.
Take this code and try in your favorite market.
Of course, never use only this indicator to trade.
This incredibly simple strategy uses a combination of the 20 EMA and bullish/bearish MACD crosses as a low risk method of getting in and out of markets.
Depending on whether the market is above or below the 200 SMA, the script determines if the market is in bullish or bearish territory. Above the 200 SMA, the script will ignore the 20 EMA as a buy condition and...
Rule
1. Price is above its 200-period moving average
2. The 2-period RSI of price closes below 5
3. Buy price on the close
4. Exit when price closes above its 5-period moving average
Hi PlutusX Family,
Here is a simple FAST RSI script i built during a "How to Build a Trading Script Tutorial". If you have questions message us here.
Thank you!
Experimental simple Bot script for ETH/USD 1 hour chart. welcome to test on other pairs. put feedback in comments.
This is a crossbreed between SMA and HULLMA
This strategy was inspired by my Israeli fellow iAtiya.
I love it because it's my first pine v3 script that actually works.
Powerful with respect to it's simplicity.
![XBTUSD.P: [M10] Quad MA Trend Scalper](https://s3.tradingview.com/f/Fc4h6aPw_mid.png "[M10] Quad MA Trend Scalper")
![QTUMBTC: TDI - Traders Dynamic Index - Roshan [Mehdi]](https://s3.tradingview.com/w/WSmycbDG_mid.png "TDI - Traders Dynamic Index - Roshan [Mehdi]")
