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Open Close Cross Alerts

5
Description:
 Strategy based around Open-Close Crossovers.
Setup:
I have generally found that setting the strategy resolution to 3-4x that of the chart you are viewing tends to yield the best results, regardless of which MA option you may choose (if any) BUT can cause a lot of false positives - be aware of this. Don't aim for perfection. Just aim to get a reasonably snug fit with the O-C band, with good runs of green && red.
Option to either use basic open && close series data or pick your poison with a wide array of MA types.
An optional trailing stop for damage mitigation if desired (can be toggled on/off)
Positions get taken automagically following a crossover - which is why it's better to set the resolution of the script greater than that of your chart, so that the trades get taken sooner rather than later.
If you make use of the stops/trailing stops, be sure to take your time tweaking the values. Cutting it too fine will cost you profits but keep you safer, while letting them loose could lead to more drawdown than you can handle.


Reviews 1
Findolin
955
Findolin 2023.07.15 10:49 
 

Very good idea. Thank you very much!

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Introducing the Quasimodo Genie, a powerful indicator for MetaTrader 5 that automatically identifies the Quasimodo or Over and Under pattern. This indicator is perfect for traders who want to take advantage of this popular chart pattern and make profitable trades. With the Quasimodo Genie, you can easily find the best swing points for the Quasimodo pattern and place virtual trades with stop loss and take profit levels. The Quasimodo Genie is easy to use and comes with a range of customizable set
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CandleStick 3 Candle Engulf
Francis Soddo Wetaka
3 (1)
The 3 Candlestick Engulf indicator is a candlestick pattern indicator that considers the last 3 bearish candles for a Bullish Engulf candlestick pattern signal and last 3 bullish candlesticks followed by a Bearish Engulf candlestick pattern for a bearish signal. Engulfs are also presented in both trending and non-trending situations of the market though recommended to move with signals that are in line with the trend basing on the moving average. The indicator has multiple input features that yo
FREE
WaveTrend Pro
Francis Soddo Wetaka
Introducing our Wave Trend Oscillator Indicator , exclusively designed for MetaTrader 5 . This advanced tool is a must-have for traders who seek precision and efficiency in their trading journey. Our oscillator is built on the principles of wave trend analysis , capturing the ebb and flow of market trends with unparalleled accuracy. It helps traders identify potential buying and selling points based on market wave patterns, enabling you to stay ahead of the market. One of the key features of ou
WaveTrend Pro MT4
Francis Soddo Wetaka
Introducing the Wave Trend Oscillator Indicator for MetaTrader 4(MT4). Our carefully designed oscillator leverages wave trend analysis principles to track market trends accurately. It assists traders in identifying potential buying and selling points based on market wave patterns, allowing you to stay informed. Key Features: Divergence Detection : Spot potential reversals in the market. Intermediate Level Crosses : Gain granular insights into market trends. Please note: The indicator states are
Engulfing Goddess MT4
Francis Soddo Wetaka
Introducing the   Engulfing Goddess Metatrader 4 (MT4) Indicator , a revolutionary tool designed for traders who seek to harness the power of candlestick patterns in their trading strategy. This indicator is built on the principles of   engulfing candlestick patterns , a popular method used by successful traders worldwide. Our Engulfing Goddess Indicator stands out with its ability to   detect various kinds of engulfing patterns . It employs a range of filters, providing you with a comprehensiv
Engulfing goddess
Francis Soddo Wetaka
Introducing the Engulfing Goddess Metatrader 5 (MT5) Indicator , a revolutionary tool designed for traders who seek to harness the power of candlestick patterns in their trading strategy. This indicator is built on the principles of engulfing candlestick patterns , a popular method used by successful traders worldwide. Our Engulfing Goddess Indicator stands out with its ability to detect various kinds of engulfing patterns . It employs a range of filters, providing you with a comprehensive anal
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Findolin
955
Findolin 2023.07.15 10:49 
 

Very good idea. Thank you very much!

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