This is a full strategy designed for gold market using 12h timeframe chart.
Its components are:
Rules for entry:
For long: when enter when close of the candle is above vwap monthly, current histogram is higher than the previous one and SMO oscillator is above 0
For long: when enter when close of the candle is below...
This script was recently shared for limit only orders here:
This version does not worry about keeping orders in the books and moving them around, instead it will simply market in and out.
I am sharing this to reveal the difference between the 2 setups.
This script has been created to demonstrate the effectiveness of using market regime filters in your trading strategy, and how they can improve your returns and lower your drawdowns
This strategy adds a simple filter (A historical volatility percentile filter, an implementation of which can be found on my trading profile) to a traditional buy and hold strategy of...