BacktestRookies

Babypips: Inside Bar Momentum Strategy

The strategy contained in this post comes courtesy of babypips (.com), an excellent resource for all thing forex related. If you are new to trading, the site is definitely worth checking out!

Code commentary and an introduction to Inside Bars are available for this post on the Backtest-Rookies (.com) website.

Note: If you are interested in custom development services, please check out our services page on the Backtest-Rookies site.

Strategy Overview

Inside Bar Momentum Strategy.

  • Inside Bar Detection
  • Position sizing based on stoploss distance (Note: Based on equity and assumes that the account currency is the counter currency.
  • Stop buys for entries
  • Takeprofit / Stoplosses for exits
  • Control Stopbuy, Takeprofit and Stoploss targets with inputs
  • Control Backtest start/end dates
Remove from Favorite Scripts Add to Favorite Scripts

Comments

can this execute trades on your behalf?
+2 Reply
good job!but how to change it to indicator and add alert?
+1 Reply
@koolaysun, change "strategy" to "study" in row7. And add use the function alertcondition for alerts.
+1 Reply
Blitz20 Phi-Deltalytics
@Phi-Deltalytics,
I have been trading for years but just started with trading view and love the program.

I changed to study but get:
Add to Chart operation failed, reason: line 7: Undeclared identifier `study.percent_of_equity`;
line 7: Unknown argument `default_qty_type` of type type_error;
line 7: Unknown argument `default_qty_value` of type literal integer
Add to Chart operation failed, reason: line 7: Undeclared identifier `study.percent_of_equity`;
line 7: Unknown argument `default_qty_type` of type type_error;
line 7: Unknown argument `default_qty_value` of type literal integer

I want to add the alert function
Reply
Anyone willing to convert this to Alert (STUDY) file? I tried to follow the mentioned instructions will no success...
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out