8ma55 GBPUSD 1h Strategy by Gorbie

GBPUSD strategy 8ma55

gbpusd strategy 8ma55

Strategy + Indicator Script (with the same name)

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

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Want to use this script on a chart?

//@version=2
strategy("8ma55 GU 1h", shorttitle="gu 1h", overlay=true, pyramiding=0, max_bars_back=720, default_qty_value=10000, initial_capital=5000, currency="USD")
fastLength = input(8)
slowLength = input(55)
price = close

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

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

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

strategy.exit("exit", "Long", profit = 960, loss = 1400)
strategy.exit("exit", "Short", profit = 960, loss = 1400)