Top FREE TradingView strategy this week!
To help our community become more profitable, we’ve launched a new series where we review open-source TradingView strategies. The goal is to select a strategy (or several), run a reality check, optimize them, and convert them into alerts so that you can set them up as bots on the WunderTrading platform.
Forex Master – free TradingView strategy
What we will provide
Open-source strategy
Strategy adjustment for a specific exchange, pair, and timeframe
Backtest
Revised study script that you can use on the WunderTrading platform for bot trading
This week, we found a promising strategy for a 30-minute timeframe. The original concept was created by Koi_Capital and was initially applied to the forex pair EUR/USD. Our team made several adjustments and improvements, and we are excited to share this with you.
You will find the strategy code here: Forex Master v4.0.
IMPORTANT!
This is a trend strategy and works best in an uptrend
This strategy works for long positions only
A trend identifier was added using the interaction between the EMA and SMA
Take profit and stop loss levels were converted into percentage
Inputs for period selection were added, allowing you to evaluate the strategy’s performance on a monthly basis
Settings – Applicable to BTC-PERP 30 min
Variable | Value |
Period | 15 |
Length | 11 |
Mult | 1.6 |
ADX Smoothing | 2 |
DI Length | 70 |
Smoothed ADX1 | 7 |
Smoothed ADX2 | 16 |
Long Take Profit (%) | 63 |
Long Stop Loss (%) | 4.2 |
Revised Strategy Script Code
You can copy this code and paste it into your TradingView.