We’re back on our Ethereum strategy.

This strategy was covered yesterday and after yesterdays short trade we now find a long trade running.

POW EDGE trend following script in use on this strategy.

Chart shows both the previous two trades.

Strategy tester coded in the script and stats for this Ethereum strategy can be found at the foot of this idea.

Trade labels show all trade details.

Green line is the TP target and red line is the SL point.

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What is our EDGE script?

Our script is a trend following strategy, and can be used on any instrument and time frame.

The strategy simply sits in your trading view, so you will see exactly what we see – the trade, entry price, SL and TP values.

The script is a mechanical trading system which through third party services can be automated.

The script is based on numerous indicators and when all confluences are met trades will alert.

When using the script you are able to see all the indicators used in the settings.

These indicators values can then be changed individually to suit and fit the instrument traded.

We make use of Tradingview’s pine coding to have a built in strategy tester coded into the script.

Which means we can then instantly see back test results for instruments and know if what we are changing on the script settings will work or not on said instrument.

That means we are entering trades with confidence in our trading strategy.

Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position.

It also means we have clear set of trading rules for our entry, exit and risk management which removes any subjectivity from our trading.

Thanks for checking out my idea 👍
Darren.