To trade this strategy , use the 200EMA as a guide to the dominant trend and disregard counter trend signals. However ,if you must trade the counter signal, ensure that it is clearly around a major support or resistance level using the higher time frame preferably daily as your level. To Buy, avoid buying when the adx value is failing and the signal is within the...
This is a patch work I did using several open sourced scripts I can find on Trading view. That being said, the main reason for the creation of this strategy was borne out of the fact that more often than not we get stopped out due to low volatility in the market hence we loss the ability to control what happens to our positions afterwards. This mixture of...