This is a light weight code and strategy. I tuned it for NZDUSD on a 15 min chart. NZDUSD is a slow moving low volatility pair. A single SMA cross over + crossing a .9 BB + the single SMA is increasing. I will be manually trading this with alerts and once I have LUA down I will set it free with FXCM and see what it can do on it own.
** I use BB as a means of seeing momentum to continue gaining not as a reversal signal.
Will do when I write it. I have not gotten into Lua yet. ** I believe there is an error in this script. I think it is placing double orders sometimes. The documentation on pine is thin and thought it may look like its working I have had double orders placed in other scripts using this same order coding. I fixed it in another, but since pine does not let a person delete old posts my old code with errors stay up here.
forexpirate
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Yeap, look at the list of trades. There are two open orders. Could be good in some cases, but I didnt want it to do that. Pine is good, the documentation need to be beefed up.
forexpirate
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Add this to code to get pre-built alerts in alert box in right side menu.
alertcondition(crossover(close,sa+band) and rising(sa,5), title="Long",message="Long")
alertcondition(crossunder(close,sa-band) and falling(sa,5),title="Short",message="Short")
forexpirate
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***** You have to create a study from this strategy for the alerts to work!!