Aroon Cross Signals with Long-Term Trend and Break-Even Management
Summary
This strategy uses crossings between custom Aroon upper and lower series to generate long and short signals. By default, it filters trades so longs require price above both a 290-period simple moving average and a 200-period exponential moving average, while shorts require price below both. Entries are recognized on confirmed bars, with a fixed stop distance and a target set by a configurable risk/reward multiple. The script can move the stop to entry after a chosen favorable move and waits beyond an exit bar before permitting another entry.
The script tracks wins, losses, and break-even exits in a chart dashboard, but the document provides no historical performance results or validation. Its stop distance is converted using the instrument's minimum tick multiplied by ten, so the meaning of the stated pip/point input may vary across markets. The recorded counts and simulated price-trigger logic should not be treated as proof of actual execution quality.
Key ideas
- Crossings between custom Aroon upper and lower values define long and short signals.
- A long-term SMA and EMA filter trades by requiring price alignment with both averages.
- Stops and targets use a fixed input distance and configurable reward-to-risk multiple.
- A break-even option moves the stop to the entry price after a specified favorable move.
- The script displays trade counts but supplies no evidence of strategy performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.