This is a trend following system which uses the Bollinger Bands instead of the Donchian Channels.
Long position: * Price closes above the middle line. * The fast EMA (in this case the 40) crosses over or is above the slow one (in this case the 120)
Short position: * Price closes below the middle line. * The fast EMA crosses under or is below the slow one.
Stoploss: * 4 ATRs away from the price.
Notas de prensa
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Replaced the multiplier in the position size formula with syminfo.pointvalue in order to get a more accurate position size.
Notas de prensa
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Reverted the pyramiding setting from 4 back to 1 to keep the system simple and the max drawdown low. Added a visual ATR trailing stop, so you know where to put your stoploss.
Notas de prensa
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Adjusted the position size formula. Improved the stoploss multiplier.