8ma34 EURUSD 1h 480tp 950sl — Strategy by Gorbie

EURUSD 8ma34 hourly

eurusd 8ma34 hourly

Crossing 8 sma and 34 sma on the 1h chart (close) of EURUSD.
If sma (8) crossing up sma (34) then open a long on closed bar with +480 pips for the take profit and -950 pips for the stop loss.
If sma (8) crossing down sma (34) then open a short on closed bar with -480 pips for the take profit and +950 pips for the stop loss.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//@version=2
strategy("8ma34 EURUSD 1h 480tp 950sl", shorttitle="MA", overlay=true, pyramiding=0, default_qty_value=10000, initial_capital=5000, currency="USD")
fastLength = input(8)
slowLength = input(34)
price = close

mafast = sma(price, fastLength)
maslow = sma(price, slowLength)

if (crossover(mafast, maslow))
    strategy.entry("Long", strategy.long, comment=" ")

if (crossunder(mafast, maslow))
    strategy.entry("Short", strategy.short, comment=" ")

strategy.exit("exit", "Long", profit = 480, loss = 950)
strategy.exit("exit", "Short", profit = 480, loss = 950)