2# Deep Dive into the "PRO Strategy -TradingView-
Joy22
PRO Strategy [Joy22], a powerful TradingView Pine Script strategy that combines the brilliant Volatility Trend Score (originally coded by BackQuant) with a robust, professional-grade risk management wrapper (by Quision).
In today’s article, we are going to break down how this strategy works, its core mechanics, and how you can configure it to fit your Forex trading style.
The Core Engine: Volatility Trend Score
Unlike simple moving average crossovers that lag terribly, the core of this strategy relies on Average True Range (ATR) volatility bands.
Here is the secret sauce:
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The ATR Trail: The script calculates an ATR-based trailing band around the price.
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The Scoring System: It then loops through past bars (default 45 bars) and assigns a "Score". If the current ATR trail is higher than the past trails, the score goes up. If it’s lower, it goes down.
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The Signal:
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A Long Signal triggers when the score breaks above a specific bullish threshold (default: 40).
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A Short Signal triggers when the score crosses under a bearish threshold (default: -10).
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In simple terms: The strategy doesn't just ask "Is the trend up?" It asks "Is the current volatility structure significantly stronger than it has been over the last 45 candles?" This filters out weak, choppy breakouts and keeps you in high-momentum moves.
Next-Level Risk Management
What truly elevates the PRO Strategy [Jaxin] from a basic indicator to a complete trading system is its exit management. Forex markets are unforgiving, and this script gives you three distinct ways to manage your trades:
1. Signal Flip Only
The strategy stays in the trade until the trend score flips to the opposite direction. Best for catching massive, multi-day macroeconomic trends, but requires deep pockets to withstand pullbacks.
2. SL/TP Only (Strict Risk:Reward)
Ignores signal flips and relies purely on math.
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Stop Loss: Placed at a multiple of the ATR (default 3.5x).
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Take Profit: Set using a fixed Risk:Reward ratio (default 1:6).
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Note: A 1:6 RR is highly aggressive. You may want to lower this to 1:2 or 1:3 for standard Forex day trading.
3. Signal Flip + SL/TP (The Hybrid)
The best of both worlds. Your trade is protected by a hard ATR Stop Loss and Take Profit, but if the trend dies early (signal flip), the strategy closes the trade to lock in profits or minimize losses before the SL is hit.
Built-in ATR Trailing Stop
If you choose to use SL/TP, you can activate the Trailing Stop. As the price moves in your favor, the script dynamically moves your Stop Loss behind the price using an ATR multiplier (default 2.5x), ensuring you never give back too much open profit.
The Session Filter: Avoiding the Chop
One of the most valuable features for Forex traders is the Session Filter.
The Forex market behaves very differently during the Asian session compared to the London/New York overlap. By enabling the Session Filter, you can restrict the strategy to only take trades during high-volume hours (e.g., 09:00 - 22:00 Exchange Time). This alone can drastically reduce false signals and drawdown.
How to Set It Up & Optimize
To get the most out of the PRO Strategy, here are a few recommended setups based on current market conditions:
Best Timeframes: 15m, 1H, and 4H. (The 15m is great for London/NY session day trading; the 4H is excellent for swing trading).
Best Pairs: High-liquidity pairs like EURUSD, GBPUSD, USDJPY, or volatile assets like XAUUSD (Gold).
Tweaking the Thresholds:
If you are getting too many false signals, increase the Long Threshold (e.g., from 40 to 50).
If you are entering trades too late, decrease the threshold.
Visuals: Turn on "Show SL/TP Lines" and "Paint Candles to Trend" to get a beautiful, easy-to-read chart that tells you exactly when you are in a bullish or bearish regime.
Pros and Cons
The Pros:
Brilliant Core Logic: Quantifying trend strength via ATR scoring is far superior to basic moving averages.
Highly Customizable: You can adapt it to be a scalper, a day trader, or a swing trader just by changing the exit modes and ATR multipliers.
Visual Clarity: The chart plotting (colored candles, SL/TP lines, and score pane) makes manual trading alongside the bot very easy.
Session Filter: A must-have for Forex traders to avoid low-volume traps.
The Cons:
Repainting/Lag: Because it relies on a loop of past bars to calculate the score, signals can occasionally lag during sudden V-shaped market reversals.
Default TP is Too High: The default 1:6 Risk:Reward ratio will result in a low win rate. You must backtest and optimize the TP Risk:Reward Ratio input for your specific asset.
Final Verdict
The PRO Strategy [Jaxin] is a masterclass in how to wrap a complex mathematical concept (Volatility Scoring) into a user-friendly, risk-managed trading system. It respects the golden rules of trading: cut losses short, let winners run, and avoid trading in the chop.
Whether you are looking to automate your Forex trading via alerts or simply want a robust framework to guide your manual entries, this script deserves a spot in your TradingView arsenal.
2# Tom Demark FX system
It is easy, simple but awesome in power. It works with all pairs (major and others) which means you have an entry most of the
time. I thought of calling it “The honey moon strategy”, but honey moon must end sooner or later. The magic of this strategy
never fades. Originally called “The broken trend”, which sounds too technical. Now let us get to business and revel in the magic:
Set up:
1- EMA 9, EMA 30, Momentum indicator (draw a horizontal line at the 100 point).
2- The hourly chart.
3- Draw a Tom Demark trend line (connecting at least 3 swing high (or low). And should avoid steep angles
Entry:
Enter buy when the 9 EMA crosses up the 30 EMA and the momentum line is above 100. And price breaks the down trend line.
(The trend line is our invaluable filter so make sure you do a lot of practice with it). Entry should be placed at the opening of the
new hourly candle after the cross (to make sure the crossing and trend break are real and to keep away from whipsaw).
Enter sell when the 9 EMA crosses down the 30 EMA and the momentum line is below 100. And price breaks the trend line, at
the new hourly candle after the EMA crossing.
The EMA crossing can occur before or after the trend line break.
Stop: 40 pips (it has to be respected).
Target: from 40 pips up to 150 pips (depending on pair volatility and current situation).
Move your stop in the direction of trade in steps of 10 pips. When market reaches 75% of its daily range tighten your stop. When you see signs of reversal close order at market price. When you do not see any signs of reversal get rid of your limit and follow
the price very closely with your trailing stop.
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hesham keerh (Thursday, 04 January 2018 18:44)
hi, I worked with this strategy, it is very good, can I use it on 4 hour chart ?