OPEN-SOURCE SCRIPT

Amazing Crossover System - 100+ pips per day!

I got the main concept for this system on another site. While I have made one important change, I must stress that the heart of this system was created by someone else! We must give credit where credit is due!

Y'all know baby pips. Forexphantom published about this system and did both back and forward test around 10 years ago.
I found it on the sit and now I put it to code to see how it performs. I assume 10 points spread for every trade. I use Renesource or AxiTrader to get the low spreads.

There are 2 mods, the single trades and constant trading on the direction.

Main concept
Indicators
5 EMA -- YELLOW
10 EMA -- RED
RSI (10 - Apply to Median Price: HL/2) -- One level at 50.

TIME FRAME
1 Hour Only (very important!)

PAIRS
Virtually any pair seems to work as this is strictly technical analysis.
I recommend sticking to the main currencies and avoiding cross currencies (just his preference).

WHEN TO ENTER A TRADE
Enter LONG when the Yellow EMA crosses the Red EMA from underneath.
RSI must be approaching 50 from the BOTTOM and cross 50 to warrant entry.

Enter SHORT when the Yellow EMA crosses the Red EMA from the top.
RSI must be approaching 50 from the TOP and cross 50 to warrant entry.

I've attached a picture which demonstrates all these conditions.

That's it!
f.bpcdn.co/optimized/3X/1/d/1d51085bb287838197cef97443d4c36d23e744f7_1_690x305.jpg

100pips10pips200mamoneymanagementMoving AveragesprofitabledayscaplingtargetsTrend AnalysistrendingVolatility

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?


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