How to set targets and stop losses dynamically? In our last episode, we created a simple crossover strategy. In that strategy, the trade execution was determined by moving average crossovers and crossunders. We will now build on that script and set specific stop losses and take profits instead of waiting for crossovers to happen to…
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Algo Trading using Gap and Range Breakout Strategy ups and gap downs based on open range breakout. This strategy is back-testable. First, let’s discuss about the strategy. This involves GAP and Range breakout.. So, let’s begin… Gap: If today’s open is outside the range of yesterday high or low .i.e. if today’s open is higher than yesterday’s…
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Sept-Creating and Testing a Algo (or) Strategy in TradingView using PineScript At the start of the series, I mentioned there are 2 types of pine script. 1. Study 2. Strategy Study is simply indicators, where as strategies are the real core which can be used for algo-trading. Whatever we have seen in the last 4…
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Algo Trading using Triple Exponential Moving Average Crossover Strategy Triple Moving Average Crossover In this episode, we will build a simple triple EMA (Exponential Moving Average Crossover system). This system is quite popular with traders who are new to technical analysis. In this triple moving average AFL buy, sell signals are coded along with Scanning…
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In the previous episodes, we have learnt the basics. Now it’s time to take it up a little further technically. How to get and plot the SMA? In the previous episodes,w e learnt how to plot the price chart in trading view. Now, we can use that as a base to plot the SMA. The…
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There is a famous saying in trading “Trend is always friend”. So when you identify a major trend, than you will get huge profit. In that sense, creating an AFL for identifying trend in the charts is extremely critical. Amibroker AFL for trend identification play a vital role in any algo trading system. If you…
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Most indicators you make will not be suited to permanently hard-coded variables. Often you will want to change certain settings on the fly such as the time period, the timeframe, overbought/oversold thresholds, etc. Having it in the code will make things complicated unnecessarily while customizing it, so an option to change the variables or inputs…
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What are the different BackTesting Options available in Amibroker? And How to Read BackTest Report? This window (accessible from Report button in Automatic analysis window) provides very useful information about the performance of a trading system under the test. The information included here can be customized using system test settings dialog. Explanation of values: Total…
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In this lesson we’ll learn how to plot the highest high and lowest low on your chart for the past 50/100 candles. Drawing To The Chart First, start a new script and name it whatever you want. I am calling mine “Episode 2”. Note, this is the same script we used in the previous episode as…
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Based on so many requests we have received from our followers, we are starting a brand new series on PineScript. This will be the second series on Algo-Trading. This will be in addition to the Ami Broker Series, which is already running in parallel. In this series, I’m going to walk you through the basic…
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