Keltner Worm Strategy [Prism Investors] [Lite]
Ultimate MACD Strategy [Prism Investors] [Lite]
Ultimate RSI Strategy [Prism Investors] [Lite]
Note, this is a DEMO version of the full version of this script.
This a variation on the Strategy originally by Trading Rush on YouTube - https:www.youtube.com/watch?v=nmffSjdZbWQ
What you get:
✔️ Tweak a multitude of specific settings (MA lengths, R:R, SL distance etc)
✔️ Use money management and risk calculations
✔️ Draw trade info directly to chart (eg. SL size in percent, win rate etc)
✔️ Use various filters (eg. time filter, date filter)
✔️ Manage risk per position
✔️ Sync to any bot or algorithmic trading system
Not Available in this Demo Version:
❌ Pullback Filtering
❌ Custom alerts and messages
❌ Disabling Long and Short entries respectively
❌ Additional Strategy Options
This strategy employs the crossover strategy.
When the is below the zero line of the histogram, close is above the 200EMA, and the line crosses above the signal line, longs are taken
When the is above the zero line of the histogram, close is below the 200EMA, and the line crosses below the signal line, shorts are taken
A couple of options are given for how to calculatr stop losses.
You can choose an ATR stop loss with a set multiplier
You can choose a fixed percentage stop loss
or you can choose an EMA50 stop loss.
The Take profit is calculated by the risk of the stop loss. So a 1.5 take profit target is 1.5 times the stop loss added to the entry price.
There is also an option to filter out trades by the histogram deviation. This prevents crossovers that are too close to the histogram from being taken.
Please note I used the code for the instead of the traditional to make calculating these percentage deviations more consistent across multiple asset types.