OPEN-SOURCE SCRIPT
4 JMA Crossover Strategy (ps4)
This is a PS4 update to my previous 4 JMA strategy that received many likes. In this and several recent strategies I use a simplified strategy setup, featuring trailing stops with very tiny increments. This is done intentionally in order to boost performance to the limit, so that to pinpoint that limit. Strategies with performance of about 90% or above are regarded as viable. Incorporating various overhead factors such as transaction costs, broker's spread, slippage, etc. at this stage creates too much 'noise' with the end result of losing the sight of the forest behind the trees.)) In practice, I disable the 'Use Strategy Setup' option and fine-tune parameters the way I want.
Tested security: EURUSD . Tested TF: 3m
Tested security: EURUSD . Tested TF: 3m
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.
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
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.
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.