This strategy is based on MTF strategy found on Forex Factory forum and published by bobby2 (credits to him). This is quite simple but need improvement to work properly: 1- it is made for 5 min chart 2- when 15min stochastic cross above 50 and 5min stochastic is rising, buy 3- when 15min stochastic cross below 50 and 5min stochastic is falling, sell
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Major update: - Updated to pinescript version 4 - Now strategy works with any timeframe; - MTF is calculated based on current timeframe: if current TF is 30min, MTF is set automatically to 60min; - MTF stoch is smoothed using linear regression.
Overall performances are very good in terms of profit factor, drawdown and net profit.
Thanks for sharing, but have you found a solution for all the repainting? I turned this into a study with signal, completely different results. Cheers
italo_1
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@chrisgermano, Hello - Can you share the fixed code for the study and with signals ?
PineScrib
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There is a bug on this strategy. Strategy.exit is not set correctly. As a result, tradingview calculate exit strangely :
at the higher value of candle of same long entry candle
at the lowest value of candle for same short entry candle.
Of course then results look awesome.
tradinginchile
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tienes más información, algún video?
faith_defender
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Hello. I am not understand how to interpret "when 15min stochastic cross above 50 and 5min stochastic is rising, buy" and vice versa. I know what the 50 line is, but Which is the 15m line and the 5 m line? Which color? Can you help? thank you