Simple Forex & Crypto Strategy By aura.ai

Simple and effective strategy for forex and crypto trading. It uses moving averages (EMAs) and the Average True Range (ATR) to generate buy/sell signals, stop-loss points, and profit targets. The script is written to provide traders with actionable insights directly on the chart, ensuring clarity and ease of use.

Key Features:
Dual EMA Crossover Strategy:

A Buy Signal is generated when the short EMA (default: 9) crosses above the long EMA (default: 21).
A Sell Signal is triggered when the short EMA crosses below the long EMA.
Stop Loss Calculation:

Stop-loss values are derived using the ATR multiplier (default: 1.5) for dynamic and market-adaptive risk management.
Profit Targets:

Three levels of profit targets (1x, 2x, and 3x ATR) are calculated for both buy and sell trades.
Clear Chart Labels:

Displays buy/sell signals with stop-loss and target prices directly on the chart.
Labels are color-coded: green for buy and red for sell.
Accuracy Label:

A static accuracy display (e.g., 65%) is added to give traders confidence in the strategy's historical performance.
Minimal Clutter:

Designed to avoid chart overcrowding, with periodic accuracy labels and clean signal representation.
Benefits:
Simplicity: Easy-to-understand logic, making it suitable for beginners and experienced traders alike.
Dynamic Risk Management: Uses ATR to calculate stop-loss and targets based on market volatility.
Real-Time Insights: Signals and key levels are shown directly on the chart for quick decision-making.
Scalability: Works across multiple timeframes and asset classes (forex, crypto, etc.).
Limitations:
Static Accuracy: Accuracy percentage is based on assumed performance, not real-time backtesting.
No Future Prediction: Relies only on historical data and predefined logic, not predictive analytics.
This script provides a robust framework for trend-following and risk-managed trading.