Hi Traders,
This is Trend following strategy.
This strategy calculates the higher high or lower low of a look back period. If the previous high or low is breached, a signal to enter market is given.
This strategy works well with regular candles and line charts if you find the right settings and chart time frame.
Give it a try with your settings & post your...
This is based on the Algorithm Trading we do.
We had coded our strategy for testing in Pine for Realtime Automatic ALGO trading.
It gives automatic signal and place the order directly with SL and TGT to the broker in realtime.
Just try it..