There is nothing special or spectacular about this script. It's your standard Moving Average Cross Strategy. It is actually a built in script everyone has access to already. I only changed some of the settings and flipped the orders.
The reason I actually published this, is because people have been asking me what the best way to find the best settings for a strategy. So I made a YouTube video showing people how I personally do it. I took this built in strategy and within 5 minutes took it from a net profit loss and profit factor of 0.5 to a net profit win with a profit factor of 3-5.
Of course this is only on the 1 minute candles, so forward testing the strategy is a must as I do not recommend straight up taking this and trading it.
You can watch the video here:
www.youtube.com/watch?v=9U3FpTHb...
Hope this helps everyone speed up their back testing and fine tuning their strategies.
The reason I actually published this, is because people have been asking me what the best way to find the best settings for a strategy. So I made a YouTube video showing people how I personally do it. I took this built in strategy and within 5 minutes took it from a net profit loss and profit factor of 0.5 to a net profit win with a profit factor of 3-5.
Of course this is only on the 1 minute candles, so forward testing the strategy is a must as I do not recommend straight up taking this and trading it.
You can watch the video here:
www.youtube.com/watch?v=9U3FpTHb...
Hope this helps everyone speed up their back testing and fine tuning their strategies.
//@version=2
strategy("MovingAvg Cross", overlay=true)
length = input(310)
confirmBars = input(50)
price = close
ma = sma(price, length)
bcond = price > ma
bcount = bcond ? nz(bcount[1]) + 1 : 0
if (bcount == confirmBars)
strategy.entry("MACrossLE", strategy.short, comment="MACrossLE")
scond = price < ma
scount = scond ? nz(scount[1]) + 1 : 0
if (scount == confirmBars)
strategy.entry("MACrossSE", strategy.long, comment="MACrossSE")
//plot(strategy.equity, title="equity", color=red, linewidth=2, style=areabr)
Since: 04/01/2016 02:07:00
Net Profit = -$103.00 in OIL value
Link for tracked statistics here:
bit.ly/1ZixaXw