Trail Master-Free Strategy by MasayanFX
By MasayanFX
Performance Metrics
- Author: MasayanFX
- Symbol: FX:USDJPY
- Timeframe: 5 minutes
- Win Rate: 28.6%
- Profit Factor: 0.584
Description
Trail Master-Free Strategy is a moving-average distance backtesting strategy designed for USDJPY on the 5-minute chart.The strategy uses a Simple Moving Average as a baseline and generates entries when the current bar opens sufficiently far from the previous confirmed SMA value. The direction of the previous candle is used as a confirmation filter.A long entry is generated when the previous candle is bullish and the current bar open is above the previous SMA by more than the configured threshold. A short entry is generated when the previous candle is bearish and the current bar open is below the previous SMA by more than the configured threshold.The strategy includes weekday filters, MT4/MT5-style server-time filtering, optional long-only mode, fixed stop loss and take profit distances, and visual entry threshold bands.Default settings:Symbol: USDJPYTimeframe: 5 minutesMoving Period: 240Sensitivity: 10Start Minute: 0Time Filter: EnabledTrading Hours: 07:00 to 17:59 server timeStop Loss Distance: 1.4Take Profit Distance: 5.0Only Long: DisabledPyramiding: 0The strategy closes an opposite position before opening a new one and uses fixed price-distance stop loss and take profit levels. Because TradingView’s broker emulator differs from MT4/MT5 execution, backtest results may not match EA results or live broker execution exactly.This script is intended for chart analysis, backtesting support, research, and educational purposes only.It does not guarantee future performance and should not be considered financial advice.Please test carefully before using it in any trading decision.