My script based on youtube video
https://www.youtube.com/watch?v=3a1mQJ26TOE&ab_channel=TradeIQ
This trading strategy using Braid Filter + EMA Trend Bars + ADX DI
The entry conditions as described on channel:
Long signal
1. Close above moving average
2. Braid filter open new green bar (before should be in red or grey)
3. ADX above 20 and pointing upwards (before value must be lower)
Short signal
1. Close below moving average
2. Braid filter open new red bar (before should be in green or grey)
3. ADX above 20 and pointing upwards (before value must be lower)
Stoploss will be placed within recent swing high / swing low
The Result
With 1.5RR, Profit factor around of 1.05, the result is terrible. Not as described on channel with crazy win rate (75%)
Please keep in mind that this is only done via backtest & results are varies on different ticker (but still profitable)
Source Code
https://www.dropbox.com/s/648bfqld7earzmn/braid%20filter%20ema%20trend%20ADX%20DI.txt?dl=0
Note: Above link will be only available as long as I subscribed for Tradingview & Dropbox premium account, so keep buying me a coffee to keep the link open! :)