WR Robo Level 1

22 Sep 2020

FCPO trading robot alert is based on one of the popular WR Level 1 Technique strategy.

This alert is suitable to used by personal who are understand WR Level 1 Technique.

The script will identify candle that is touch SMA line and trend candle (in direction of Long or Short) to determine either to go with Long or Short entry.
Once entry is confirm, script will popup one label with detail of Long Entry Condition or Short Entry Condition.

This is an example of Long Entry Condition :


This is an example of Short Entry Condition :


Recommended Chart Settings:

Asset Class: FCPO Active Contract
Time Frame: 15 Minute

Long Entry Conditions:

a) Green Label with information of Buy Stop value, Take Profit Value and Stop Loss Value
b) Buy Stop value will be plot with Black Circle symbol on the chart
b) Take Profit value will be plot with Orange Cross symbol on the chart
b) Stop Loss value will be plot with Red Cross symbol on the chart

Short Entry Conditions:

a) Red Label with information of Sell Stop value, Take Profit Value and Stop Loss Value
b) Sell Stop value will be plot with Black Circle symbol on the chart
b) Take Profit value will be plot with Orange Cross symbol on the chart
b) Stop Loss value will be plot with Red Cross symbol on the chart

The entry label will appear once WR Level 1 Technique is valid.

Exit Conditions:
a) Stop loss level is hit
b) Take profit level is hit
c) Last candle at the end of the day (at 17:59:45 or earlier)

Default Robot Settings:

Simple Moving Average ( SMA ) : 50

Disclaimer:

This is a FCPO trading strategy that involves high risk of equity loss, You agree to use this script at your own risk.


If you have any suggestions, comments or interested to use this script, kindly PM us to obtain an access.