RAAM 1234
//version=5
strategy("MNQ EMA Strategy", overlay=true)
// User Inputs
emaShortLength = input.int(50, "Short EMA Length")
emaLongLength = input.int(200, "Long EMA Length")
stopLossPerc = input.float(1.0, "Stop Loss (%)") // 1% stop loss
takeProfitPerc = input.float(2.0, "Take Profit (%)") // 2% take profit
// Calculate EMAs
emaShort = ta.ema(close, emaShortLength)
emaLong = ta.ema(close, emaLongLength)
// Entry Condition: When Short EMA crosses above Long EMA
longCondition = ta.crossover(emaShort, emaLong)
// Exit Condition: When Short EMA crosses below Long EMA
exitCondition = ta.crossunder(emaShort, emaLong)
// Strategy Logic
if (longCondition)
// Open a new long position if not already in one
strategy.entry("Long", strategy.long)
// If we want to automatically exit the long position via Stop Loss and Take Profit:
strategy.exit(
"Exit Long",
from_entry = "Long",
stop_loss = strategy.position_avg_price * (1 - stopLossPerc/100),
limit = strategy.position_avg_price * (1 + takeProfitPerc/100)
)
// Also, if exit condition is triggered by EMA cross:
if (exitCondition)
strategy.close("Long")
strategy("MNQ EMA Strategy", overlay=true)
// User Inputs
emaShortLength = input.int(50, "Short EMA Length")
emaLongLength = input.int(200, "Long EMA Length")
stopLossPerc = input.float(1.0, "Stop Loss (%)") // 1% stop loss
takeProfitPerc = input.float(2.0, "Take Profit (%)") // 2% take profit
// Calculate EMAs
emaShort = ta.ema(close, emaShortLength)
emaLong = ta.ema(close, emaLongLength)
// Entry Condition: When Short EMA crosses above Long EMA
longCondition = ta.crossover(emaShort, emaLong)
// Exit Condition: When Short EMA crosses below Long EMA
exitCondition = ta.crossunder(emaShort, emaLong)
// Strategy Logic
if (longCondition)
// Open a new long position if not already in one
strategy.entry("Long", strategy.long)
// If we want to automatically exit the long position via Stop Loss and Take Profit:
strategy.exit(
"Exit Long",
from_entry = "Long",
stop_loss = strategy.position_avg_price * (1 - stopLossPerc/100),
limit = strategy.position_avg_price * (1 + takeProfitPerc/100)
)
// Also, if exit condition is triggered by EMA cross:
if (exitCondition)
strategy.close("Long")
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.
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.