Top FREE TradingView strategy this week!
To make our community more profitable we decided to start a series in which we will review open-source TradingView strategies. The aim of the review is to select a strategy (or a number of strategies) from TradingView and run a reality check on it, optimize them and convert them into alerts, so you can set it up as a bot on WunderTrading platform.
Forex Master - free TradingView strategy
What we will provide
Strategy adjustment for particular exchange, pair, and timeframe
Revised study script that you can apply in WunderTrading platform for bot trading.
This week we found a nice strategy for a 30 min timeframe. The original idea was taken from: Koi_Capital. Originally, this strategy was applied to a forex pair EUR/USD. Our team made some adjustment and improvements and we are happy to present this work to you.
You will find the strategy code here: Forex Master v4.0.
This is a trend strategy and works better in the uptrend
This strategy is only working for long positions
We added the trend identifier using the EMA and SMA interaction
Take profit and stop loss levels were converted into percentage
We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.
Settings – Applicable to BTC-PERP 30 min
Long Take Profit %
Long Stop Loss%
Revised strategy script code
You can copy this code and paste it into your TradingView.