Schaff Trend Cycle + Double MA — Strategy by OrcChieftain
By everget
Performance Metrics
- Author: everget
- Symbol: FX:EURUSD
- Timeframe: 15 minutes
- Net P&L: +10,292.03 USD (+10.29%)
- Win Rate: 60.4%
- Profit Factor: 1.792
- Max Drawdown: 1,819.94 USD (1.66%)
- Total Trades: 106
- Sharpe Ratio: 1.242
Description
This strategy uses two different moving averages to determine a trend. It opens a position on a pullback from a trend.Conditions for buy signal are:►Crossover out of Shaff Trend Cycle's extreme levels►The price is above its short period exponential moving average.►A short period exponential moving average is above a long period exponential moving average.*Conditions for sell are the opposite.All in all, I don't think it needs to be on your chart but it can be optimized and even successful on some timeframes.Shaff Trend Cycle solution was provided by everget, I converted his script to Pine v.4, added exponential averages and created an algorithm for backtesting.