Hi ff members,
I have a new strategy, when i said new strategy, honestly its just some idea and indicators i found in several threads in FF: Extreme TMA (thank to Alfredo), Simple Correlation (thank to Kirk), Beat the market (thank to BTM). My english is poor, sometimes I just said word by word, so if u can understand what im going to say, just ignore my stupid grammar.
Indicators list
1. TMA H4
2. TMA H1 (just the middle band)
3. TMA info which measure slope of TMA indis
4. Strength separation (icorrel8): an indi measure the correlation between two currency, when it reach a
certain value, signal will appear (arrow), details
here: https://www.forexfactory.com/showthread.php?t=593595 (https://www.forexfactory.com/showthread.php?t=593595)
Concept
- Look at the chart above, u already feel familiar right? yeah basically my strategy work the same with BTM’s
system, u entry when arrow appear and follow the trend which indicate by TMA H4
- I use TMA H4 to determine trend, TP and SL
- I use TMA H1 mid band to filter trade. For example when trend up, i only take trade below this line
because this safer and highly chance that price will pull back from here and follow trend
I use H1 mid band instead of H4 because with different half trend value, I can decide to trade safer or risker
- I use strength separation to enter the trade
- I use TMA info to determine trend, u can do it with just looking at H4 band but I want something more
mathematical and can be use to make an automated system
Rules
Buy
- green arrow appear and stay there when candle close (signal candle)
- close price of signal candle is lower than TMA H1 mid band
- close price of signal candle is higher than TMA H4 low band
- TMA H4 slope equal or bigger than 0.25
- TMA H1 slope equal or bigger than -0.7
- entry at next candle
Sell
- red arrow
- higher than TMA H1 mid band
- lower than TMA H4 upper band
- TMA H4 slope equal or smaller than -0.25
- TMA H1 slope equal or smaller than 0.7
- entry at next candle
TP and SL
Various ways, depend one your favor:
- use TMA H4 band
- use daily pivot
- S/R line
Why my strategy is awesome
- Always follow trend
- If u can observe many pairs, u always have good signals every day
- U can modify settings of SS indi, TMA half length... to suit your style
- U can trade in other tf, for example M1 chart with M15 band but M15 is the best overall for me. It balance between quality and quantity of signals
Why my strategy is suck
- look at these trades, it looks good when you backtest it now, but at that time TMA H4 still in down trend so u don’t take these trade. because of TMA’s nature repaint, back test maybe wrong some times, and in a whole trend, u can miss trades at the start of the trend and lose trades at the end of it. Look this trade below, it must be a valid buy trade but end up it’s the start of a down trend, that why I use TMA slope H1 to avoid strong volatility like this.
- And now the worst part of my strategy. Unlike BTM’s D indicator, which have less signal but high accuracy, SS act like some MA crossover, some times a bunch of indicator appear, especially in low volatility market, it with end up make u over trading. with modifying of SS’s entry trigger value, Iperiod, change to higher tf u can make arrow less appear but less good signal also.
- The last issue, like others trend following strategy, we trade when price pullback but what if it move like a rocket and never look back? Like this down trend in GU, just one or two signals
Room for improvement and my request
- My strategy is simple so i think it can be better, all ideas for improvement are welcome, imo some s/r indicator will be useful
- Im an inexperience trader, most of the time I just observe the chart, not even demo trade, so there will be some questions I don’t have knowledge to answer. So if u know anything to share, plz help each other.
- Make peace not war
- Because of my work and where I live (GMT+7) I don’t have enough time to trade, so I hope some one can code my strategy into multi pairs EA
- TMA indi have a bug so it has notif every time price touch the band even I turn it off in input, I will appreciate if someone can solve this problem as well
Thank 4 reading.
I have a new strategy, when i said new strategy, honestly its just some idea and indicators i found in several threads in FF: Extreme TMA (thank to Alfredo), Simple Correlation (thank to Kirk), Beat the market (thank to BTM). My english is poor, sometimes I just said word by word, so if u can understand what im going to say, just ignore my stupid grammar.
Indicators list
1. TMA H4
2. TMA H1 (just the middle band)
3. TMA info which measure slope of TMA indis
4. Strength separation (icorrel8): an indi measure the correlation between two currency, when it reach a
certain value, signal will appear (arrow), details
here: https://www.forexfactory.com/showthread.php?t=593595 (https://www.forexfactory.com/showthread.php?t=593595)
Concept
- Look at the chart above, u already feel familiar right? yeah basically my strategy work the same with BTM’s
system, u entry when arrow appear and follow the trend which indicate by TMA H4
- I use TMA H4 to determine trend, TP and SL
- I use TMA H1 mid band to filter trade. For example when trend up, i only take trade below this line
because this safer and highly chance that price will pull back from here and follow trend
I use H1 mid band instead of H4 because with different half trend value, I can decide to trade safer or risker
- I use strength separation to enter the trade
- I use TMA info to determine trend, u can do it with just looking at H4 band but I want something more
mathematical and can be use to make an automated system
Rules
Buy
- green arrow appear and stay there when candle close (signal candle)
- close price of signal candle is lower than TMA H1 mid band
- close price of signal candle is higher than TMA H4 low band
- TMA H4 slope equal or bigger than 0.25
- TMA H1 slope equal or bigger than -0.7
- entry at next candle
Sell
- red arrow
- higher than TMA H1 mid band
- lower than TMA H4 upper band
- TMA H4 slope equal or smaller than -0.25
- TMA H1 slope equal or smaller than 0.7
- entry at next candle
TP and SL
Various ways, depend one your favor:
- use TMA H4 band
- use daily pivot
- S/R line
Why my strategy is awesome
- Always follow trend
- If u can observe many pairs, u always have good signals every day
- U can modify settings of SS indi, TMA half length... to suit your style
- U can trade in other tf, for example M1 chart with M15 band but M15 is the best overall for me. It balance between quality and quantity of signals
Why my strategy is suck
- look at these trades, it looks good when you backtest it now, but at that time TMA H4 still in down trend so u don’t take these trade. because of TMA’s nature repaint, back test maybe wrong some times, and in a whole trend, u can miss trades at the start of the trend and lose trades at the end of it. Look this trade below, it must be a valid buy trade but end up it’s the start of a down trend, that why I use TMA slope H1 to avoid strong volatility like this.
- And now the worst part of my strategy. Unlike BTM’s D indicator, which have less signal but high accuracy, SS act like some MA crossover, some times a bunch of indicator appear, especially in low volatility market, it with end up make u over trading. with modifying of SS’s entry trigger value, Iperiod, change to higher tf u can make arrow less appear but less good signal also.
- The last issue, like others trend following strategy, we trade when price pullback but what if it move like a rocket and never look back? Like this down trend in GU, just one or two signals
Room for improvement and my request
- My strategy is simple so i think it can be better, all ideas for improvement are welcome, imo some s/r indicator will be useful
- Im an inexperience trader, most of the time I just observe the chart, not even demo trade, so there will be some questions I don’t have knowledge to answer. So if u know anything to share, plz help each other.
- Make peace not war
- Because of my work and where I live (GMT+7) I don’t have enough time to trade, so I hope some one can code my strategy into multi pairs EA
- TMA indi have a bug so it has notif every time price touch the band even I turn it off in input, I will appreciate if someone can solve this problem as well
Thank 4 reading.
