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Trader Trainer v2.0
Intended as a basic tool for trainee prop traders
Based on the trading strategy used on TraderTV
Provides entry signals only.
(Stop losses, risk management and take profits are for the trainee to figure out)
Step 1 - 'Neutral' price is assumed to be price within the most recent 10 minutes (therefore, if using a 1min chart, period should be set to 5. If using a 2min chart, period should be set to 5)
Step 2 - Buy or Sell alerts are generated when price breaks out of the 'neutral' channel
Signals are filtered by an EMA. Unlike ver1.0 this allows for signals to be generated on corrections/retracements
Credits:
Shawn and Neal at TraderTV
Traderview for their channel breakout script which we modified
Based on the trading strategy used on TraderTV
Provides entry signals only.
(Stop losses, risk management and take profits are for the trainee to figure out)
Step 1 - 'Neutral' price is assumed to be price within the most recent 10 minutes (therefore, if using a 1min chart, period should be set to 5. If using a 2min chart, period should be set to 5)
Step 2 - Buy or Sell alerts are generated when price breaks out of the 'neutral' channel
Signals are filtered by an EMA. Unlike ver1.0 this allows for signals to be generated on corrections/retracements
Credits:
Shawn and Neal at TraderTV
Traderview for their channel breakout script which we modified
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