OPEN-SOURCE SCRIPT
ABUs Euroramp
This strategy backtests the opening ramp of Europe at 9am European time, which is 2am Chicago time ( CME ES timezone ) on the ES Futures Contract.
The following conditions are embedded in the strategy:
- Market entry at 2 am Chicago time
- Size = 2 contracts
- Stop = -5 points
- TP 1 = +3 points (1 Contract)
- Stop to Break even (entry + 0.5) after TP 1 is reached
- Set a TP 2 stop to +5 if entry is +10 points
- Close all positions EOD RTH
As the script entry / stops / TPs work on candle closes, best is to use the strategy on the 5min chart.
The following conditions are embedded in the strategy:
- Market entry at 2 am Chicago time
- Size = 2 contracts
- Stop = -5 points
- TP 1 = +3 points (1 Contract)
- Stop to Break even (entry + 0.5) after TP 1 is reached
- Set a TP 2 stop to +5 if entry is +10 points
- Close all positions EOD RTH
As the script entry / stops / TPs work on candle closes, best is to use the strategy on the 5min chart.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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