To enable alerts: Add the indicator to the chart and create a new alert with the settings Condition: , Frequency: Once Per Bar (on Close).
Feel free to message me if you have any questions :)
- Improved signal validity when price is hovering around EMA (according to the strategy rules)
- Implemented optional ATR stop loss algorithm for making stops and targets slightly tighter while still adjusting for volatility.
ATR Stop Loss Algorithm:
If ATR is under 30 then stop loss = 20 pips
If ATR is over 30 but under 50 then stop loss = 30 pips
If ATR is over 50 but under 100 then stop loss = 50 pips
If ATR is over 100 then stop loss = 100 pips
Cleaned up the code and simplified the settings interface.
I will be releasing a new-and-improved premium version of this indicator soon with more options and features (the one I use in my own personal trading).
Check my website for more information - http://www.zenandtheartoftrading.com/ind...
Have you backtested it thoroughly on all the pairs you're trading it on? If not, you really need to take the time to do that. I made a YouTube video where I explain how I go about backtesting strategies. You might find that helpful:
Otherwise I recommend emailing Steven himself for help because he's a far more experienced trading coach and mentor than I am. I've been trading this strategy profitably for a little over 2 years now, but Steven has been trading it for much, much longer - so he can probably be more helpful to you then I can be. Good luck man!