OPEN-SOURCE SCRIPT
dr.forexy strategy 1
Strategy Description - Dr.Forexy Strategy 1
Inspiration Source:
This strategy was inspired by the "LuxAlgo - ORB & Targets" indicator. I've utilized the general principles of Opening Range Breakout (ORB) and the target system from that indicator, but the code has been completely rewritten and customized.
Modifications and Improvements Made:
1. Advanced Risk Management System:
· Added Stop Loss Buffer as a percentage of the range width
· Implemented fixed position sizing
· Dynamic stop loss system based on OR range
2. Enhanced Trading Rules:
· Maximum 2 trades per day limit
· Second trade condition only if first trade hits stop loss
· Staggered Take Profit management (TP1 and TP2)
3. Display Optimization:
· Disabled unnecessary lines and labels to reduce chart clutter
· Maintained only essential visual elements for clean trading view
Key Features:
· Opening Range detection with customizable time period
· Breakout signals with directional bias options
· Adaptive target display based on price action
· Session-based moving average
· Professional risk management parameters
Note: While inspired by LuxAlgo's ORB concept, this is a completely original implementation with unique risk management and trade execution logic tailored for professional trading.
Inspiration Source:
This strategy was inspired by the "LuxAlgo - ORB & Targets" indicator. I've utilized the general principles of Opening Range Breakout (ORB) and the target system from that indicator, but the code has been completely rewritten and customized.
Modifications and Improvements Made:
1. Advanced Risk Management System:
· Added Stop Loss Buffer as a percentage of the range width
· Implemented fixed position sizing
· Dynamic stop loss system based on OR range
2. Enhanced Trading Rules:
· Maximum 2 trades per day limit
· Second trade condition only if first trade hits stop loss
· Staggered Take Profit management (TP1 and TP2)
3. Display Optimization:
· Disabled unnecessary lines and labels to reduce chart clutter
· Maintained only essential visual elements for clean trading view
Key Features:
· Opening Range detection with customizable time period
· Breakout signals with directional bias options
· Adaptive target display based on price action
· Session-based moving average
· Professional risk management parameters
Note: While inspired by LuxAlgo's ORB concept, this is a completely original implementation with unique risk management and trade execution logic tailored for professional trading.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.