(I used google translate)
I have been working on a new system for a while and this system is very promising. I haven't studied the forex market but it works pretty well in the crypto currencies markets.
The whole system is based on ema 10. After the first pullback candle after prices move slightly away from EMA 10, EMA 10 prices attract like a magnet. Of course, we need to stay away from fomo for this system to work better, so we only trade in the range of rsi 65-35. Let's say the price moves more than 2% away from the EMA 10 and closed. From this moment on, we expect the closing of the first pull back candle. If the distance between the opening price of the next candle and the ema 10 is 2% or more, an alarm should be triggered. If less than 2%, it should not be triggered. Of course, I should be able to determine the 2% rate here. Because I will have to use different rates in different time frames.
I said the system is based on ema 10, but I can experiment with different ema in the future. So I should be able to choose the ema length myself.
Basically the system is like this, but of course we need to apply a few filters. As I said first, we need to use the rsi filter. The alarm should be triggered only between rsi values that I will specify. So we need an upper bound of rsi and a lower bound of rsi.
The other filter and the most important one is the loss / profit ratio filter. There is a saying in our country. So that you earn while buying the product, not by selling it. We have to follow the same logic. If, when entering a trade, our stop loss rate is 3 times higher than our take profit rate, it would be illogical to enter this transaction.
So how do we determine this rate? Our take profit rate is already clear. The distance between the opening price of the candle we trade and ema 10 is our take profit rate.
For stop loss I want 3 different options for the stop loss rate. I should be able to choose what I want between these 3 different options.
1. The opening price of the trigger candle. [login to view URL] pivot point value (needle) of the trigger candle
[login to view URL] pivot point of the previous candle and the trigger candle pair
Finally, I want 5 different options as loss / profit ratio. I should be able to choose what I want from these.
Let's say we set the indicator's loss-profit ratio as 1/3 and the stop loss point as the pin of the trigger candle and set an alarm. In this case, if our stop loss rate is 1%, our take profit rate should be at least 3% otherwise the alarm should not be triggered.
Work can be done I understood your concept briefly Anything in pine script can be coded, just need a good description of the concept I m coder as well as trader I understood your all conditions and cases stoploss- Daha Fazla
Bu iş için 7 freelancer ortalamada $198 teklif veriyor
greetings, i specialize in pine and your system seems pretty straightforward. i can code it out quite quickly. let me know if my pricing matches your budget