TradePro's 2 EMA + Stoch RSI + ATR Strategy

Saw TradePro's "NEW BEST HIGHEST PROFITING STRATEGY WITH CRAZY RESULTS - 2 EMA+ Stochastic RSI+ ATR", and was curious on the back testing results. This strategy is an attempt to recreate it.

This strategy uses 50 / 200 EMAs, Stochastic RSI and ATR.

Long Entry Criteria:
- 50 EMA > 200 EMA
- Price closes below 50 EMA
- Stochastic RSI has gone into oversold < 20
- Stochastic RSI crosses up while making higher low from previous cross up

Short Entry Criteria:
- 50 EMA < 200 EMA
- Price closes above 50 EMA
- Stochastic RSI has gone into overbought > 80
- Stochastic RSI crosses down while making lower high from previous cross down

Stop-loss is set to ATR stop-loss
Take Profit is 2x the risk

All parameters are configurable.

Enjoy~~

Release Notes

Fixed bug on Reward to Risk Ratio and Take Profit target not calculated properly

Release Notes

Per suggestion, added option to move stop-loss to breakeven when trade hit X Reward to Risk Ratio.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

PtGambler

Purchases / Subscriptions / Support - buymeacoffee.com/ptgambler
PayPal - paypal.me/PtGambler

You can reach me privately through my Discord Channel: discord.gg/WMQfaVGyQC

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

PtGambler

Purchases / Subscriptions / Support - buymeacoffee.com/ptgambler
PayPal - paypal.me/PtGambler

You can reach me privately through my Discord Channel: discord.gg/WMQfaVGyQC

Also on: