OPEN-SOURCE SCRIPT
GBPNZD ROC RF count strategy
Code takes six pairs that are highly correlated to GBPNZD and determines if their ROC's are increasing or decreasing. If a pair has an increasing ROC it is given a 1, if decreasing a -1. The numbers are all added up (this is similar to a count for counting cards in blackjack). If the count goes positive the strategy enters a long position, if negative a short position.
Code is tuned for GBPNZD for 1HR chart. Returns $97 on an initial balance of $100 (if I am reading Tradingview Tester correctly)
*** Should work for GBPJPY, its has the same correlated pairs
Comments welcomed
Code is tuned for GBPNZD for 1HR chart. Returns $97 on an initial balance of $100 (if I am reading Tradingview Tester correctly)
*** Should work for GBPJPY, its has the same correlated pairs
Comments welcomed
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.