Price: $29.00
The strategy uses a simple moving average (SMA) with a user-defined length to generate long or short entry signals. The user can also set the number of confirmation bars required to confirm the entry signal.
The strategy enters a long position when the price crosses above the moving average and the confirmation condition is met.
Description
Conversely, it enters a short position when the price falls below the moving average and the confirmation condition is met. To manage risk, the strategy uses a trailing stop that follows the price at a user-defined percentage distance.
In summary, this is a moving average crossover strategy that uses a user-defined length SMA and a confirmation condition to generate long or short entry signals. The strategy also uses a trailing stop to manage risk.
