Smooth Moving Average Ribbon [STRATEGY] @PuppyTherapy by QuantTherapy
By QuantTherapy
Performance Metrics
- Author: QuantTherapy
- Symbol: BITMEX:XBTUSD
- Timeframe: 1 hour
- Net P&L: +94,626.25 USD (+90.52%)
- Win Rate: 38.6%
- Profit Factor: 1.344
- Max Drawdown: 62,365.49 USD (30.96%)
- Total Trades: 316
- Sharpe Ratio: 0.407
Description
The Smooth moving average ribbon script is an enhancement of the script I posted yesterday. But will help you also create a very simple trend-following strategy or a simple trend-following filter. You are able to select from a large variety of moving averages add Heikin Ashi Candles as a source and also add additional smoothing to every single of the moving averages. The Strategy is using the basic backtesting engine.It is a showcase that a simple strategy like buy when we going up and sell when we going down actually works especially on a bigger timeframe. Thanks to all supporters and everget for some of the moving average scripts.