Dear Trader, im opening new thread (if a similar thread is opened yet please inform me i will delete)
I m working on a moving average strategy
The strategy does the exact opposite what most trader usually do when they trade moving average
So i use a 200 ma and as soon as a candle closes above moving average i open a sell order and v.v. and i close if price touches moving average again from above
The problem is it wont work in trending periods,
as im about to find an solution to let it automate to an EA i would like to find people for some suggestions to improve the strategy
I recognized it works on all timeframes im ranging markets
Sooo if you wanna join this discussion and create maybe a profitable system together you are very welcome
Strategy:
200 MA
Entry point:
-if candle closes above we open sell
-if candle closes below we open buy
We do this for a maximum amoumt of candles mot only for the first! The further away the candle from the moving average the more higher the probability to win the trade
We do it till price touches moving average again
So exit: price touches moving average again
I recognized as i said it works on all timeframes in ranging markets but you never now when the trend beginns, and you lose on your order
I also found it usefull to use a RSI (70/30/14) and if its overbought or oversold / above or below moving average i only buy then shor or long
Any idea is welcome cheers
I m working on a moving average strategy
The strategy does the exact opposite what most trader usually do when they trade moving average
So i use a 200 ma and as soon as a candle closes above moving average i open a sell order and v.v. and i close if price touches moving average again from above
The problem is it wont work in trending periods,
as im about to find an solution to let it automate to an EA i would like to find people for some suggestions to improve the strategy
I recognized it works on all timeframes im ranging markets
Sooo if you wanna join this discussion and create maybe a profitable system together you are very welcome
Strategy:
200 MA
Entry point:
-if candle closes above we open sell
-if candle closes below we open buy
We do this for a maximum amoumt of candles mot only for the first! The further away the candle from the moving average the more higher the probability to win the trade
We do it till price touches moving average again
So exit: price touches moving average again
I recognized as i said it works on all timeframes in ranging markets but you never now when the trend beginns, and you lose on your order
I also found it usefull to use a RSI (70/30/14) and if its overbought or oversold / above or below moving average i only buy then shor or long
Any idea is welcome cheers