Simple Moving Average strategy for USO - United States Oil Fund . This strategy can be used on stocks and currencies but will need to tweak frequency on chart and backtest Max Draw Down to Net Profit ratios for maximum dollar gains.
(i) Arrow represent trade setup (ii) Circle represent triggering of the trade -------------------------------------------------------------------- 1. Where to place stop loss? 2. Where to exit the trade? 3. How to protect gains in your trade? 4. How to apply money management rule? 5. How to trade gap opening?
Arrow represent trade setup Circle represent triggering of the trade -------------------------------------------------------------------- 1. Where to place stop loss? 2. Where to exit the trade? 3. How to protect gains in your trade? 4. How to apply money management rule? 5. How to trade gap opening?
Strength of SPX500, EURUSD, XAUUSD and US OIL. Buy or sell on extreme of strength into the overbought or the oversell.
Request for Khizon01: corrected a issue with the default stoch rsi settings (14 smoothing when it should be 3), can always change back since the 14 settings were better performing at the current chart. added option to just open buy trades or sell trades separately and close were previously swing trade occur. added plot titles.
Oil price in rubles. Tickers for oil and ruble could be changed manually.
This simple script uses the idea of inertia of the market. if 2 previous candles have the same color, current meant to have that too. Following this signal is equal to buying a binary option on the start of the bar (week here). Signals are shown as arrows on the series. The color of the bar shows the outcome of the current option: yellow is success, black is...
Set up a trailing stop at about 0. Look for the red dots.and that's a good point to enter a long trade.