Momentum Strategy

16 set 2021

This is a momentum indicator strategy that plots 2 lines on the momentum indicator and if both cross above zero a long entry is generated and if both cross below zero a short entry is generated. It also has code to check and make sure the condition is still true when launching the official alert, which helps back testing and live results line up, however be sure to enter commission and slippage into the properties to accurately reflect profits. There's also an optional "percent" option and selecting the MOM1 option in the "MOM Choice" field as it uses a slightly different calculation and may provide better results than the standard momentum calculation. Also I'd like to thank felipecms14 for his open source momentum code. I added back testing date ranges to this so you can easily pull up and see back tested results for a certain date range.

17 set 2021

Note di rilascio

Update 9-17-21:
- Added a zero line plotted on the indicator so you can clearly see when lines are crossing above or below zero.
- Added a buy and sell message field in the properties so you can launch alerts that will work with automated trading services. Simply enter your buy message and sell message into those fields in the properties and then when you create an alert enter {{strategy.order.alert_message}} into the alert body and it will dynamically pull in your buy and sell messages when it fires alerts.

18 gen 2022

Note di rilascio

In this version I updated momentum entries to have 2 options. By default it uses 2 momentum lines that must cross zero to generate an entry. However you can uncheck "Use Double Momentum Entries" and check off "Use Single Momentum" entries and it will use only 1 momentum line to generate an entry. Usually using the double will be best but I'm providing the option in case it works better for the asset you're trading.

I also added in the ability trade between certain hours which is useful for day traders. You can check off "Enable Close Trade At End Of Time Frame" to have the open trade closed when it reaches the end of the trading hours.

The take profit and stop loss has been changed to % based and you can check off a box to enable stop loss or take profit individually.

Finally I've also added more alert boxes so you can set separate entry and exit alert messages. Just use {{strategy.order.alert_message}} in your alert body and it will use the alert boxes for all entries and exits.

22 gen 2022

Note di rilascio

Added EMA filter. Default "No EMA Filter" is checked. You can uncheck this and check "Use EMA Filter" and then set an ema length and ema source. Then it will not enter a long unless close price is above the ema and will not enter a short until close price is below the ema.