Half trend + Double Level Grid Strategy

Hi to every one!

This strategy use only one indicator: the Half trend indicator .

The goal of this strategy is to get as surely as possible 10 pips for each trade. It dont follow the entire trend which can develope after a Half Trend signal. It can be a big waste, but what I want is 10 pips for each trade. Stop.

Because it may offer false signals we go to use a grid strategy each time we open a new trade.

Time Frame: M5

It is a MUST to trade only in London and New York sessions.

Pairs: all with a broker which offers low spread as possible. I trade with 30 pairs.

Example: Signal trade of Half Trend indicator: SELL EurUsd.

We enter in the market with a SELL ORDER at 1.12500: SL + 100 pipettes = 1.12600; TP - 100 pipettes= 1.12400.
Lotes: for example 0.01

Then we open quickly a BUY PENDING ORDER at (Sell + 100 pipettes) = 1.12600; SL - 100 pipettes= 1.12500 TP + 100 pipettes= 1.12700
Lotes : 0.02 (Martingale sequence)

So you can see that 1) Sell order = SL of buy pendig order:
2)Buy pendig order is = SL of Sell order.

In this way it is easy to see if we did set correctly our orders.

When a Stop Loss is hit, we will go to open the SAME TRADE with the double of the value of the last lot. (f.e. 0.01, 0.02, 0.04, 0.08 ecc.)

The price may bounch from a level to the other while we increase the value of the lots until it hit a Take Profit.

When it happens we MUST remember to delete the last pending order.

To avoid many bounches which can encreasy the martingale sequence I advise to trade only in a plenty market hours with medium/high volatility.

Take care the time near to the foundamentals news. The price can jump from a side to the other so quickly that you cant be in time to upload the trades.

The grid scheme is the same for Buy order: Open a Buy; SL -100; TP +100; then: Sell Stop - 100 pipettes far away from buy order; SL + 100; TP - 100

Each time which appears a new signal of the Half Trend indicator I open a grid scheme of the Double Level strategy.

Look at: this grid scheme may be dangerous. So I recommend to not exager with martingale sequence maximum 3/4 steps and dont exceed with lots. Then accept to have lost your money for that trade. But dont worry: it wll be always possible to recover the money losted if you trade in the right sessions and how much pairs as possible.

The trading system is propoused in a "scalping way" , but it is flexible for others time frames and with differents setups Buy/Sell - SL/TP levels, changing the basic spread between the orders (100,200,300,500,1000 pipettes). So everyone can adjust this strategy with different timeframes, different spread, different lots, following his own needs. and possibilities.

You need to pratice this scheme with one pair, so you can improve your speedy to calculate the levels without calculator and insert the orders.

Maybe it is possible to realize an EA with this system.

That´s all. Any critic, suggestion and improvement is welcome.

Thank you for sharing, could you give some more info on how the half trend indicator works? I'm just curious what the calculation is. Thank you again.

Cbh123 : Sorry, I dont know how this indicator works. I only have readed that it is an evolution of another old trend-indicator. It don´t repaint. I use this indicator because it gives alerts for each new opportunity of trade. But you can use whatever indicator of tendence you know.

This is mediocre at best. Your goal to attain only 10 pips consistently will not reward you long term.

10 pips each day X 10 pais are 100 pips ; X 20 pairs = 200 pips each day. It is a possible goal. They aren´t few. It is not an amazing strategy; it is a simple strategy for whom don´t want to struggle with too much analisis.

Excuse me, I have a question.

When following this method, at what price should i enter?

the close price of signal bar? or at the indicator line(by waiting retracement)? or some other price?

waiting for response..

Hi can someone confirm if this indicator repaints? I've seen the arrow disappear and reappear in strategy tester but is this a valid test?
Thanks!

It doesn´t repaint, but you need to wait the candle to end to form itself.

Just enter in the market at the end of the candle where there is the Arrow. You can filter the signals with a moving average for example and enter in the market later, just to avoid sideward market. It is only a suggestion.

half trend histogram

No,
it is absolutely repaint
look at picture, #0 candle included, and its high and low may chance continuously.. do not ask any else. it definitely repaints

ohh

False. That's not repainting -- rather, it's recalculating. There's a difference.

Repainting occurs when the indicator goes back in time to make a change. On the other hand, when the results for the current bar (index '0') fluctuate that is recalculating. Index '0' is the most recent bar that is not yet complete -- so, of course, it will fluctuate.

Recalculating is okay as long as you use index '1' when looking for signals. Index '1' is the last completed bar. One generally uses completed bars when analyzing the data and looking for signals.

As @flashpaul wrote above -- "It doesn´t repaint, but you need to wait the candle to end to form itself." What he means is that you have to wait for a completed bar (i.e. index '1').

Can anyone please explain how the arrows are calculated? I think it has something to do with Balance of Power? I've been using the half trend and other customized variants of this indicator for 3 years (others include: Buy and Sell Scalper Arrows, Binary Destroyer, Infinity TrendLine Pro). It definitely does not repaint. It works well in trending markets, but not good in consolidating markets. There is definitely power in these arrows, when the conditions are right, which is why I've stuck with it for so long. I've also observed different pairs and time frames individually respond better (or worse) to different amplitude settings. There are a lot of possible combinations to explore between those 2 variables alone, and way too many to test practically. Understanding the nature of the signal arrows would go a long way to understanding which setting to use to match the oscillation of the market.

Any help with the explanation would be appreciated.




"Patterns without confirmation are drawings"

Try my nrp

Awsome thank you Comar !

Please, don't use this strategy at news releases. The complete martin-gale sequence will be completed in less than a second. All trades in loss. All triggered at stop loss.

It's not weird to see 10 pips and above in the spread at those moments.

HalfTrend MTF with alerts V2.

Bro Comar

Can you please help - https://www.forexfactory.com/thread/...0#post13470790

Thanks

TJP

Comar

Indi does not display correctly,