F.A.N: Filtered Trading

Hello Traders!

Recently I have been doing some readings about ATR & I like this indicator a lot <3
So I thought about implementing this in a way that I could use & here are the results.

Please don't hesitate to share your thoughts about this

Attached Image (click to enlarge)

Role of each indi:

 

1. Fractals are only used for initial stop loss
2. ATR levels are used to filter target points (small period = achievable targets)
3. Non Lag MA - period 21 applied to close - is used for plotting entries.

Simple Rules to follow for long Entries:

1. Candle close above up trending Non Lag MA (green) = Buy signal
2. Stop loss is set to recent low fractal
3. Target points are ATR levels

Simple Rules to follow for Short Entries:

1. Candle close below down trending Non Lag MA (red) = Sell signal
2. Stop loss is set to recent high fractal
3. Target points are ATR levels

So I have a question, and hopefully, someone can help with this
Is it possible to combine candle crossing over Non lag as a signal where each signal display its targets automatically based on ATR levels.

Thank you for your time

This would be a hard system to manually trade since a lot of discretion is needed in order to avoid sideways action. And if it requires a lot of screen time, I can't imagine how this would be sustainable.

With all respect to you, there is no point in combining two indicators just to display entries and targets levels. I mean seriously! You have that on your chart. It is just a waste of time and effort. I am no a programmer, but I think it would do a better job as an EA with pip retracement exit and maybe FF Calendar implementation to set EA on & off before and after high impact news.

EA will use your trading entry rules to execute trades, ATR levels to set targets & lock profits on target level 1 or maybe trail trades, and fractal to set stop loss. If a trade retrace by X amount of pips after achieving TP1, EA exit that trade.