Optimized for FXCM:EURUSD on 4H Candlestick charts using the historical price data from FXCM during the period March 1st 2019 - June 1st 2019. Find the backtesting report/strategy script here: tradingview.com/script/9XxvkWCh-FXCM-EURUSD-4H-Algo-GB-Strategy/
The script is written in PineScript V.3, makes no use of the security() function and does not use the Trailing Stop-Loss function from TradingView. No repainting issue whatsoever.
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Optimized the filters & the settings of the algo using price data from FXCM:EURUSD 1/4/2019 - 1/7/2019.
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Version 1.04
Re-optimized the settings/filters using the FXCM:EURUSD price history of May, June, July.
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Version 1.05
- Re-optimized its settings/filters using historical price data from 01/06/2019 - 06/09/2019 for live trading in September.
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Version 1.06
- Updated algorithm. - Added volatility calibrated Hegde/Add signals + alerts. The sensitivity of the signals can be determined by the user. - Cleaned the codebase by removing old/unused code.
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Fixed versioning.
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Version 1.08
- Updated the Hedge/Add signal algorithm (Multi-Timeframe & faster signals by one or two bars without any added lag) - Updated the rest of the code.
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Default settings update.
- Default Timeframe for MTF Hedge/Add signals is 720 minutes now. (12 hours)