Clemmo's Trading Odyssey

Fighting Fantasy

An M5 scalper

A cross-over system using Hull MAs.
Tested on M5 first.

The first one is the slower moving masterline.
Averages confidence bands 9.0
Avg period: 120
Price: close
Hull Moving Average
Double smoothed: false
Confidence level: 90
Confidence shift: 10

The second one is the faster moving triggerline.
Avg period: 30
Price: close
Hull Moving Average
Double smoothed: false
Confidence level: 90
Confidence shift: 10

Basic entry:
Price closes on the opposite side of the masterline.

1. Long entries crossed the masterline from underneath and close above it. Entry happens at the open of the next bar.
2. Short entries crossed the masterline from beneath and close below it. Entry happens at the open of the next bar.

Basic exit:
A trade currently in profit closes on the wrong side of the triggerline.

1. Long entries cross the triggerline from above and close beneath it.
2. Short entries cross the triggerline from below and close above it.

The thing about trading M5 (and possibly any TF) using this system (and maybe any others) is that cowardice is the key to success. At the first sign of trouble any profitable trade scarpers and exits. In other systems I’ve strived to figure how we can hang on to profitable trades longer, but this one bags them with minimal stacking. All basic entry trades must be in profit (including commissions and fees) before exiting according to the exit conditions. If they are not profitable when these conditions are met a different set of rules go into effect. The first type of additional trade is called ‘Test Your Luck’.

Test Your Luck
A double or nothing method applied to a trade in progress that gives a trade that would exit at a loss a chance to recover, possibly at or near the best price point.
Situation:
A currently unprofitable trade crosses the triggerline and closes on the wrong side.
Conditions:
Masterline is supporting the current trade OR is neutral and triggerline is supportive.
When either of these conditions are true a trade that would normally be exited when it closes outside the favorable side of the triggerline will be allowed to continue until it either

1. Resumes in a favorable direction, becomes profitable and then exits according to the standard exit rule OR
2. A candle fully opens and closes on the wrong side of the most distant line (probably the trigger) without making any contact with the line itself. In that case it exits at a loss.

Each time a ‘test your luck’ situation occurs, a new trade is placed. Often these are false breakouts/down points and are optimal entries.
Notes about TYL:

1. All profitable trades that were extended or opened under TYL close at the next profitable exit opportunity together.
2. The masterline overrules the triggerline except when it’s neutral in which case the triggerline determines whether TYL is possible. If both lines are neutral, wait for guidance.
3. If the masterline disagrees with the currently unprofitable trade when it is at an exit point then the trade exits at a loss at that point. If the masterline is neutral and the triggerline disagrees with the trade direction at that point it exits at a loss. In most cases this situation will trigger a new trade in the opposite direction but this is determined by an evaluation of the existing conditions and isn’t an action taken by default.
4. A TYL trade will only fail when and if a price bar opens and closes fully free of the exterior line, which is usually going to be the masterline.
5. A TYL trade exits according to the standard exit method if it is profitable and an exit circumstance arises.
6. Only unprofitable trades can push their luck. Profitable trades have a duty to exit as soon as they are threatened. (what did I mean by this? Profitable TYL trades should exit as soon as all the trades are profitable? I don’t think so. The rules say exit with standard exit rules when trade is in profit? So the system’s not as cowardly as I am making it seem)
7. It is possible to enter and stop out of a trade on a single candle, although for smaller candles this should mostly be treated skeptically.
8. If the masterline changes to neutral during a TYL trade, and triggerline disagrees, and it still isn’t profitable give it the benefit of the doubt and require full break and confirm free of the triggerline before exiting.
9. If master and trigger agree but price has broken & confirmed but broached much of the distance from the unfavorable price move (in other words it moved back in the right direction but didn’t get across the trigger) should we give it the benefit of the doubt for as long as the line signals support? Especially masterline - let’s say yes for now.

The Slow Leaks
Often some of the biggest price moves will occur very smoothly over a more extended period of time which will not cause price to cross the masterline, and therefore fail to trigger a standard entry.

To offset this another entry ruleset is used. Call these ‘slow leak’ entries? This stipulates:

1. There can be no other active trades
2. The triggerline must display a ‘state change’. This is a change from one signal direction to neutral and then a change to the opposing signal direction.
3. During this state change price must at some point close on the wrong side of the triggerline and then close on the correct side. This shows that the trade has recent motivation to continue with the trend.
4. The triggerline must be in agreement with the trade direction and the masterline must be at worst, neutral.
5. These trades should close on an unfavorable close of the masterline or on a triggerline state change. Ignore breaks of the triggerline as these are likely to be frequent and misleading. This is the only special trade type that can ignore full triggerline breaks.

Re-entries.
Sometimes price is moving fast and heads towards the masterline, then either doesn’t make contact with it or rides it up/down without breaking clear and actually closing on the other side.

This type of rejection at/near the line is a classic signal that often anticipates big moves but it won’t always trigger an entry, even on the triggerline, so swiftly does it move.

Conditions:

1. No other currently active trades
2. A full close (break and confirm) completely free of the triggerline in the expected direction
3. Masterline must be in agreement
4. While this trade is unprofitable the masterline is the stop (full b&c needed? Yes, for now.)
5. When this trade is profitable a close on the wrong side of the triggerline will exit.

Query: are slow leaks and re-entry trades the same and so do we need the re-entry rules at all?


Initial testing was promising - 27/34 successes, 79.4 win rate on M5.

Summaries:
Entry triggers to watch for

1. Price crosses and closes the other side of the masterline
   Next two only if no other trades are ongoing:
   1. Triggerline changes state and price closes on the wrong side then later the correct side of the triggerline which agrees with the masterline
   2. A price close completely free (break & confirm) of the triggerline in the direction indicated by masterline signal
   3. Only if trade is unprofitable - price closes on the wrong side of the triggerline (“testing your luck”)

Exit triggers to watch

1. Price crosses and closes the wrong side of the triggerline (if profitable)

Only if the trade is ‘testing its luck’ or leaking:

1. Only on ‘slow leak’ trades - unfavorable triggerline state change
2. (if unprofitable) Unfavorable masterline break and confirm

Remember to enter every time price crosses the masterline - that way, even in a meandering range, you have simul long and short trades that can exit profitably (maybe?)
No worse than anything else I think? I have no data to record how it was tested.

Not true, not true! I have a single screen capture.

Tells me nothing.
Except it looks like this big long trade must exit at a loss soon. Despite a rising triggerline. But actually I don't see how this long trade was ever authorized. Price has to cross the masterline from below to be a valid long. So either I was mixing up systems or not paying attention. Terrible.


Oh I found more screenshots!

This explains things very clearly. A couple of good wins here.

The 'test your luck' in action. Perfectly cromulent so far, I think.

The only thing splashes cold water on this is that we're in a nice trend right now.

Slow leak note 1

Slow leak note 2

'New rule needed' strikes terror into my heart!

When to push luck and when to not.

I'm only allowed to attach 10 images; hopefully that's enough to give you the idea.

Elf Bear Robot

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Another M5 scalper.

This idea was hiding in a template you’d made; not sure where you got the idea (www.profit.com??? - unlikely, but that is the source of the indicator) or if you invented it, but regardless, you seemed to have left it behind without considering its simplicity and suitability for ‘Trading for Ten Year Olds’.

Indicator. EMAPredictive2 - not sure if we need this indi at all or if we can just use a standard EMA - will check.
H1

Use 3 with settings:
Red: Long period: 25; Short: 8; Extra: 1.0
Blue: Long period: 50; Short period: 15; Extra Time 1.0
Green: Long period: 100; Short: 30; Extra: 1.0

Rules:

When the 25 EMA (red line) crosses the 50 (blue) downwards when price is below the 100 (green) enter short; if red crosses blue upward while price is above the 100 enter long.
Go for 10 pips, use the 100 EMA as the SL.

Backtested for one month in September; it only traded 15 times but win rate was 80%. Try lower TF and different take-profit or trade holding rules.

Also consider trying to train children who have a day job (school) on this. They might need a rule like - when the red line is above/below the blue when price is above/below the green. Does this still work? How well?

M5
Change Green to 100 period, short 60
Use a more liberal stop loss rule (break and confirm of one bar completely clear of the line - as with Hinged Lines/Sloth)
And only go for 5 pips.
In October so far there would have been 10 trades, with 7 winners (70%) but most of the losers were early on Monday when price was flat as a board - don’t trade early Sunday/Monday.


Trading multiple instruments maybe you won’t have to be glued to your monitor, but this system is perfect for a beginner coding assignment.

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Conclusion
The predictive EMA is nothing but the typical moving average cross over system. It does not really offer any special advantages over using the traditional EMA’s. The strategy however is quite robust when it comes to trending markets.

Not a fan of this system on M1.

Now try it with 3 Hull MAs (30, 60, 120) and make it truly your own?
No. Doesn’t work. Needs a different set of rules. Most of the crosses happen on the wrong side of the line, although they might usually be profitable. The line are sticking too close together.

These rules could work although win rates seem less satisfying?
See EBR2

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Certainly I should try this with the Hull MA as advised. A simple system to code for practice. Also, what happened to EBR2?! Lost to time, I'm afraid.

You Know Nothing

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An attempt to produce a 'Nitefort' type indicator using hieroglyphics rather than colours. What a nutter.
This sort of thing can only work in the abstract over very long timeframes, as price direction can change on a whim quickly.

Sea Turtles

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based on everyone’s favorite pastime - the cruelty of Nature!

I suspect this idea occurs to everyone who notices the random nature of price movement. However, in the end, despite many refinements and innovations, I suspect this just doesn't work in the long run. Eventually you get bogged down with too many orders and take a big loss.

Entry: Set a buy stop and a sell stop about 0.5-1.5 ATR away from each other.
The smaller the bed, the less waste.

Put a rectangle around this. To make replacing the stop lines easier?

Whenever price hits the stop, replace the pending order. Make as many ‘turtles’ going north and south as your account will allow, doing one at a time -i.e. One buy order, then one sell order, then one buy order, one sell order, and increment the position by 0.01 each time. If this is done right, the last turtle to leave the ‘bed’ will be going with the trend, will be the largest position size, and will equal or outnumber orders going the other way, by 1. Do this UNTIL:

Exit:
Price starts to trend, and gets about 1-2ATR away from the origin. This is a crucial decision, and it’s part art and science. If you get this wrong, the whole enterprise is sunk, or will get very tippy.

When price is far enough away (not too far though) - kill all the unprofitable trades. Before this is done you should still be marginally profitable. Every bit of distance the trend continues, the more profitable you get. Put a tight trailing stop on the profitable trades, that gets lazier with distance. Let them run as long as you can.

Repeat the process once price starts ranging again. It isn’t necessary to kill the profitable turtles before starting over, as long as you don’t mix them up.

Note: You’ll need an account that can handle an initial drawdown and balance hit at the start of every generation.

Update: See hermaphrodite - are they the same? Answer - how is this BETTER than just picking a side and running with it? (it isn't)The hedging against surprises I guess. Worth testing more I suppose.

Then it looks like I came up with the same idea independently, realized it's the same and wrote a different set of notes? What a nutter!

Sea Turtles
Notes
I don’t know if this is a newer version or the source material for the notes I wrote above.

Once turtles are safely away (and the other pool is closed) you should slip trailing stops behind them that get 10 pts lazier with every n(ATR) distance from origin.

Every time price enters this zone going up, hatch one buy order (place buy-stop line here)

Buy stop hatchery 1 ATR - 1.5 ATR
Smaller the bd can be, the better

Invisible rectangle (turtle bed)
Sell stop
Hatching line
1st buy = 0.01
2nd buy = 0.02
3rd buy = 0.03
Etc
1st sell = 0.01
2nd sell = 0.02
Etc.

If price = ranging you will hatch a lot of turtles. Set a max to acct. Size or whatever is w/in comfort range. Near the bed, prices = small.

Once price is finally trending away from the hatchery (1-2ATR?)
You can kill the unfavorable turtles. No need to rush this.
The last turtle to leave should be the highest position size and +1 more than its pool on the other side. This should be enough of an edge to win no matter when it reverses. If it does reverse just add +1 turtle on the other side.

2 major risks (so far)
Turtles reverse and come back right after you kill their neg. Partners
Solution! Tight stops that get lazier with distance

Too many eggs hatching
Long periods of ranging cause position size to get too big
Solution?
Stop new orders
Wait for clear b/o
If it’s -1 in the wrong direction (add n? To the right direction?) - yes. And pray it continues. Risky. Any solution?
Kill neg. Side
Also: trading during active times

How much is a stop point in pips 1/10? Yes, noob.

Hermaphrodite

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Named for being two-sided, direction-agnostic and a combo of Sea Turtles, Scrooge, Christmas Carol, maybe. Update: How is this more than Sea Turtles? Answer: It’s more than sea-turtles because the limit lines APPEAR when they’re needed (replacing the stop lines) - ie. when ATR is low when price is ranging. Actually this may be two different ideas. This is getting messy. Time to clean up.

ATR expands until the limit lines become stop lines? I think I still like straddling better?

Indicators: ATR (not Average True Range which I realize is another MQ indicator that is shite)
Insert two - one set to 5 periods and one to 14
Take the average of the two readings (add and divide by 2) and that’s your AATR. Use the AATR to measure the distance between the stop lines. And the TP distance. Basically it’s the distance unit.

Entry:
See Xmas Carol notes for directions on how to create the measuring stick and place lines at either end.

Add TP at 1ATR above the stop lines. Move the TP every candle also, but only in the favorable direction.

Move these lines every candle using the AATR - keep their distance == AATR, and no need to use a bias after the lines are set.

Add a new order every candle (wait for close?) If the price breaks above 1 AATR (1/2AATR) of the previous order. This means once the sides of the ‘bed’ are defined, no new orders can be placed until price moves outside the border. Does this make sense? They are hedging after all? Should a new order be automatically placed when it reaches the edge of the bed? (sea turtles) It seems like I can only think in terms of Sea Turtles.

Position size:
If ATR is going down - use 0.5 PSU. If it is going up. Use 1.
Increment the position by 1 PSU every time an order goes in the opposing direction.

Exit:
At a certain point - we need to try to define it, the dominant trend will be clear, and one side will clearly profitable, and the other clearly not. Kill all the non-profitable trades and let the profitable ones run. A SL should be put in place, at a level that ensures profit for the whole cycle.

This is Sea Turtles and it’s too slow. You’re just as well off placing a single order and waiting. If it doesn’t pan out, place another order the other way. That’s all. Where’s the beef.
You say that now (when was this? 2019?) but you've changed your mind about this several times.

Turtle Power

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For the same reason that I think Sea Turtles can't work, I suspect this cannot work. Though I did put a lot into it.
This is the channel-free version of PathQuest. It shares many of the attributes of the system so you should read both documents. Especially the part about the natural enemies of this system - death triangles and calm ranges.

Take note especially of the prohibition against entering at a less extreme price (longs need to be taken at steadily higher incursions, and shorts at steadily lower ones) until price has moved enough to trigger a ‘great reset’ where counter-trend trades can be taken again.

Like Sea turtles, take one trade (could be a straddle or just randomly select one direction) at a lowest practical volume.
If that trade fails with a contrary level break, open an opposite trade at double volume (martingale)
If that trade fails with a contrary level break, open an opposite trade (now agreeing with the original trade)
If that trade fails, again double in the opposite direction (martingale!)

Do this until the trend finally asserts itself and you can close all your losing trades with some winning trades.
Ideally you want to keep the earliest trade as an anchor (and now if you’ve managed to retain one add-on you have a junco) and then overhill/underhill
Use stripes to avoid the overtrading that is common to grids

Of course it’s risky because it’s a martingale (!) but you could implement a limitation on the ratio or the number of doublings.

In theory, as long as you have enough margin this system cannot fail in the long term (in theory, Communism works -B. Finegold) as the only pattern that can defeat it is a ‘death triangle’. A DT is a reversed triangulation where the point faces left and the other two corners widen over time (a new bull level break and a new bear level break being formed successively). This widening must be limited in practice (price has to go somewhere eventually, and if it doesn’t, as long as you’re using stripes or some other method to limit trades, you can just wait til it does, in theory) so death triangles are both rare, and finite.

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They're not that rare. There is one active one in GBPUSD as I write.

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This is nothing more than a narrow escape.

This system doesn’t use straddles as PQ does.
This is the only system that is of similar interest to me as the rainbow/pathquest systems. It does need to be tested more but I cannot see how it can fail especially if you can get the overhill/underhill working. It fails because eventually price will dither at just the right frequency to pile up trades above and below, then it can never succeed until either you give up or the account does.

This system also seems imminently automatable. In fact, I’d risk some money on it if future tests are hopeful.
Message to past self: noooo!

BEEPMoop

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A scalping strategy

Idea from Linda Raschke on this podcast. Can it be adapted for FX?

34:00-40:00 approx.

Best Net Percent Move Off Opening Price <- this is a tradestation indicator but can we find it for Forex or can we have it made for us?

Can we use ActionForex top movers? Or maybe even use the ROC indicator?
She claims that if you simply go long on the top 3 and go short on the bottom 3, you’ll have a win rate over 80%.
Testing required, obviously.
I did test, and got poor results.

More specifics:

1. Wait for 4 hours after Asian opening. So no trades until after dinner. Maybe specify that we start at 04:00 server time, on the dot?
2. ORinsist on min. 0.08% change?I’m leaning towards the time requirement. Because, after that time if the trends persist, the percentages will remain high, but if not, the percentages will change, and you’ll be picking different symbols. If you go with the percentage change on H4 you could be simply picking the winners from the previous session, which are not guaranteed to persist into the next session.

Update:
What about both? Wait 4 hours, and insist on a min. 0.08 rate of change for any entries.

1. Do a separate round for (4 hours after?) London opening? Or just pick one of those two? New York opening? All 3?
2. Is H1 RoC too unstable, (voting yes) should we use H4? Leaning towards H4
3. We need a dashboard that can accommodate at least 28 pairs plus indexes, and maybe stocks. USD pairs that use USD as the base currency should be reversed as in the RoC indicator. So, USDCAD should be CADUSD, and if it is strongly negative, that means we would go long USDCAD, as one of the ‘bottom 3’ trades. The list should be sorted by positve RoC down to negative RoC with the top and bottom 3 highlighted. This shouldn’t be hard to automate either. At 04:00 it automatically goes long the top 3 and goes short the bottom 3.
4. Choose only pairs whose recent trend on M5 (visible screen) agrees with trade direction? Probably the logical choice.
5. Set stalking stops after 1 hour, using Tipu Renko.

Ok, now write v2 and test. But don’t put too much energy into this system. My faith in this one is low. Why? Hmm, the opening has no low? special importance, despite the amount of importance, traders put on it. A big burst of rate change does predict some trend value, but then maybe I need to increase the min. RoC before considering something significant?

Early tests aren’t too promising. Monday worked, but Tues. Wed. were a shambles. Try using the US open instead?
It seems like even H4 RoC is extremely volatile. This whole system feels ‘blind’ compared to Bandsaw. Is it worth putting energy into anything else?

Large moves of RoC on W1 are just as often a sign of impending reversal than a sign of continuation. Abandon this system, but continue to seek RoC patterns?
I never got this close to working. I don't believe there are rate-of-change patterns.

WEEPMoop

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A scalping strategy
After the above strategy didn't seem to work very well I asked myself why and came up with this. Generally speaking, reversing something that doesn't work, also doesn't work.

Update: This might work a lot better as a reversal strategy, using RoC as a contrary indicator. Except Mondays (???) Monday Asian open worked as a straight system. Maybe Friday will as well? Or is this a case of London fucking everything around, but New York tows the existing line? Is it worth worrying about?
Update2: Now pretty sure there is no point trading this without cyclical help - see below++ (blind leading the blind)

First batch of trades using bizarro strategy opened just after 11:00am server time (11:04-11:07?)(1 hour after London open?) Opening time probably has a big effect on this strategy, test many. Another way to look at this is it’s dependent on the cycle and the point you initiate trades in the cycle. You probably can’t count on the cycle always being at the same time of day on any given day of the week...or can you? Especially not around big news.

However, this gives me another idea. If we can locate the top RoC movers, and isolate the ones whose epicycles are conducive to a reversal, we then close out the trades at the end of the cycles. In theory you could do this all day, every session, all week. Every time something moves, you wait for it to reach reversal point, and fade it. This would be an interesting EA, to say the least. This is all you really need, find something that's moved a lot, and then stalk it.

Another possibility - really scalp this, with trade horizons under 10 minutes, using big positions?

++But again, if you have bandsaw capabilities, why not just basically use RoC to find the best shortest-horizon bandsaw trades? We can tell when it should bounce off the band, what direction we should not bother trading against, and when to ignore a band target because it’s going higher/lower. In terms of strategy diversity so far I’m coming up bupkus. It’s bandsaw, and, maybe, news trading with an EA? There’s still a lot to discover/research. (to say the least)

Mona Lisa 1
Oh Boy More trading based on indicators!
Timeframe: H1

Indicators:

1. Mladen’s PTL - all default settings. I haven’t found adjusting settings on PTL to be of much benefit. (which tells you something, maybe all you need to know)
2. Dean Malone’s Synergy PT (maybe extraneous - testing required) - no settings to adjust; I can’t even get alerts to work with it
3. Mladen’s RSX of Hull Moving averages (RSI of VHF adaptive averages 2.02):
   1. Tuned using G with topCycles: 80, maxCycLength:500, PastWinSz: 5000, filterBartels: true, BartCyc: 8, sortBartels: true. On EURUSD on H1 at the time of writing that gave a cycle of 55 as the most significant Bartels cycle but it had a low Cycle Strength. There was also a value of 15 high up in the list so -
   2. RSI period: 15
   3. Average period: 55
   4. Average method: Hull (HMA)
   5. All other settings default - RSX type, closing price, not double smoothed or adaptive.

4. Fibonacci retrace - (not technically an indicator) but set its levels as follows
   1. 100.00
   2. 79 percent (start OTE zone)
   3. 70.5 percent (OTE)
   4. 62 percent (end OTE zone)
   5. 50 percent (min. Entry retrace)
   6. 0.0 first profit scaling (only on add-on trades)
   7. -1 take profit1
   8. -2 take profit2
   9. -3 take profit3

Template: Use bars and set the colours for all candles to grey. We’ll get our color cues from PTL

Entry:

1. Wait for a signal candle from PTL or Synergy to close.
2. Measure the signal candle in the direction of the signal using Fibonacci retracement tool.
3. On the next bar wait for a retrace to at least 50% fib level, ideally Huddleston’s OTE zone.
4. Drop to M15 and ensure that price leaves the retrace zone and resumes toward the trend signalled on H1. If it doesn’t, wait until it does, or until it flashes a different signal on H1. Be sure to ignore the individual candle signals on M15 as we are using H1 to trade and the Fib to get the entry we want.
5. Enter in the direction of the signal candle once price leaves the retracement minimum level. Place 3 trades, heavy. For now, say 0.1 lots per $1k. So on your standard $3k account you’ll place three 0.1 trades.
6. Don’t enter 3 hours before close on Fridays or 3 hours after open on Mondays.
7. In the unusual case where Syn and PTL disagree on the same bar, wait for clarification.

Stops:

1. Set stops at a range of pips above the 100 level of the Fib. The higher the range the more you’ll lose if trades fail in exchange for a greater likelihood they will not fail.
2. After the first profit has been booked on a trade, allow no other trades from that group to suffer a loss. Do this by moving the stops to break-even or slightly better.
   

Re-Entry:

1. After the third candle has closed, every time price makes a swing high or low (see definitions in the 3 amigos sections) we’ll copy a Fib and stretch it out over the range from high to low or low to high in the direction of the signal candle as long as that signal is still flashing.
2. If price retraces to 50% or possibly a bit better follow the rules in Entries from 4-5. Note that these trades are known-as add-ons and have different exit criteria.
3. If price makes a big contrary move within an hourly candle and hits a stop, then comes back to the retrace zone within that same candle, re-enter using the Fib criteria of the trade that was stopped out. In other words, re-use the Fib levels instead of trying to figure out new ones; it’s more likely to simply continue with the signal direction if the aggression bar was a failed breakout.
4. During long trends all the profit levels may get hit and the signal may remain active so we refresh trades only after at least one profitable trade by extending a fib over two consecutive bars forming a higher high or lower low (whichever agrees with signal direction) and following the entry rules 4&5. These trades are treated like add-ons as well. It’s a good idea not to initiate these on a Friday. You might also wish to avoid initiating these close to the end/start of a day. No more than one add-on should be added after reach profitable trading group.

Exits:

1. Take profits using set or virtual TP at the take profit 1, 2 and 3 levels for initial signal trades as soon as price touches them. So, first of 3 initial trade is closed at TP1, second at TP2, and if fortunate, third at TP3. The exception to this is when the signal candle is very large- set stop loss at BE or better to prevent a sizeable win from turning to a loss.
2. Take first profit for add-on trades at the 0.0 First profit scaling level, and then the other profit levels as trades remain.
3. Exit all active trades as soon as (any) active signal stops flashing or reverses.
   OR
   Retain all active trades until the RSX signal changes, then close all.
4. After the first profit is closed, stops move to BE or slightly better and so any trades that don’t make it to TP2 or 3 will close when the signal stops or reverses or at break-even.
5. Probably go ahead and close open trades on Friday end of day.
6. In the unusual case where you’ve entered a trade on a bar that loses or reverses its signal, exit as soon as you can break-even.

Anything else?

1. Remember broker’s tricky tricks - set every target 1-2 pips under the actual level and maybe even more if you notice they’re not getting triggered.
2. Remember RSX is not being used to gauge entries and exits - it’s only meant as a guide to decide whether to hold active profitable trades during longer retraces and contrary signals. (interesting notion here) A signal that is just lifting off/pulling away from its baseline and curving is young and reliable. A signal that has been flatlining for a while is older and likely to reverse.
3. But if we use RSX as a guide to hold losing trades for conversion to winners what do we do we select as a stop-loss level?
4. Ok, I know I just said not to use RSX for entries/exits but signals that conflict with RSX might benefit from a less aggressive add-on method - fewer added trades (less weight) or lower TP targets. Or it might just reduce profits taken during high volatility changes. Benefits might be seen by trading lighter during RSX mature cycles. (probably)
   Testing required.
5. What is the better method of adding-on?
   1. Leaving the fib anchored on an early signal candle and extending it out each candle until the swing is established (or then extended in turn)
   2. Or moving it through pairs of consecutive candles that are reinforcing the direction of the signal?

The former lowers the bar for entering a trade but raises it for taking a profit. It seems to be better for high ADR environments where volatility is higher and trends will run longer. The latter is better for consolidated ranges. If you know which one you’re currently in you could swap between techniques. You could also blend them, using technique 1 on initial signals and the moving pairs on subsequent opportunities.

Is Synergy a better ‘trend maintainer’ than RSX? Testing required!
So far it looks like where Synergy isn’t supported by PTL and disagrees with RSX - ignore signal.

Initial backtest success rate ~66%?

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https://lh4.googleusercontent.com/8a...YXE5HCNJVxYlaA


https://lh3.googleusercontent.com/uI...UNy5FXgUh24FGQ


https://lh4.googleusercontent.com/4p...bwKP0ipRh9XZdQ

Yeah, to be honest, this looks pretty good. Too good; I'm a little sus. Why didn't I stick with it? You know why.

Mona Lisa 2

This seems like a regression, not progress. That might just be my reaction to the target bands, which are beautiful mirages. The essential problem is that waiting for indicators means you are missing entries that superior human minds are anticipating. You're always late, but maybe the price is worth paying?

Timeframe: M1+ (meant to a scalping system but should be simulated/tested on higher TF)

Indicators:

1. Mladen’s Perfect Trendline (PTL)
   1. Default settings are just fine. Add alerts.

2. Mladen’s Target Bands
   1. Adjust for the desired trading timeframe - probably better to adjust by feel/eye than to use G. M1 settings for EURSD used during the short simulated test were:
      1. (inner band)
         1. TF: current
         2. Half-length: 60
         3. Price: 6
         4. Deviations: 2.5
         5. Defaults for the rest, add alerts, if desired, on M1 it’s probably unnecessary unless you plan on being distracted.

      2. (outer band)
         1. TF: current
         2. Half-length: 800
         3. Price: 6
         4. Deviations: 3.0
         5. Defaults for the rest, add alerts.

Template: Use candlesticks mode but set candle colors to background and set the bar up/down colours with some type of red for down and some type of green for up.

Rationale:
Actually this is quite different, technically, from sexy-syn (Mona-Lisa1) so maybe consider this the true Mona Lisa system, but the basic idea is that we act on PTL signals, as long as they occur right after a band touch, (so it's another bandsaw type) and are in the direction of the trend determined by the higher level band. More bands = better certainty of avoiding a nasty trend. Other methods of determining longer term trends encouraged. We also trade heavier on multiple band touches, but also expect price to take longer to reverse on those big touches, in other words, demand more confirmation.

Entries:

1. Wait for a band touch that occurs during a retrace, this usually signals an imminent return to the trend.
2. Wait for PTL to do one of the following in order of desired aggressiveness
   1. Flash neutral (lose its PTL coloured bar or dot)
   2. Close one bar neutral
   3. Flash a new signal colour
   4. Close a bar with new signal colour
   5. Close an aggression bar with new signal colour try testing all of these

*** edit all after this line

1. Measure the swing immediately prior to the signal. It should be in the direction of the signal otherwise, why was the signal flashed? Don’t be too stretchy, just pick the obvious promontories that make up the most recent move. It doesn’t need to be the entire range of the last move. A very smooth trend would give you an unsuitably big swing but again, if that’s the past history why did the RSX signal change?
2. Wait for a retrace to at least 50% fib level, ideally Huddleston’s OTE zone which is between 62-79, 70.5 the mythical ideal.
3. Drop to M15 and ensure that price confidently leaves the retrace zone and resumes toward the trend signalled on H1. If it doesn’t, wait until it does, or until it flashes a different signal on H1. For now ignore the individual candle signals on M15 as we are using H1 to trade and the Fib to get the entry we want.
4. Enter in the direction of the signal candle once price leaves the retracement minimum level. Place 3 trades. For now, say 0.1 lots per $1k. So on your standard $3k account you’ll place three 0.1 trades. These are add-on trades.
5. Place the first add-on trade as soon as price enters (and exits??) the 50% level, second after price enters 62%, third between 70.5 and 79 percent, and watch it carefully.
6. Don’t enter 3 hours before close on Fridays or 3 hours after open on Mondays.

Stops:

1. Set stops at a range of pips above the 100 level of the Fib. The higher the range the more you’ll lose if trades fail in exchange for a greater likelihood they will not fail.
2. After the first profit has been booked on a trade, allow no other trades from that group to suffer a loss. Do this by moving the stops to break-even or slightly better.

Re-Entry:

1. During long trends all the profit levels may get hit and the signal may remain active so as long as there are not already 3+ trades active, every time price makes a swing high or low (see definitions in the 3 amigos sections) we’ll copy a Fib and stretch it out over the range of the swing from high to low or low to high in the direction of the signal candle as long as that signal is still flashing. It’s a good idea not to initiate these on a Friday. You might also wish to avoid initiating these close to the end/start of a day. No more than one add-on group allowed for now.
2. Follow the rules in Entries from 4-7.
3. If price retraces completely through the retrace zone, stops-out outside the 100 level, and then comes back towards the zone re-crossing the 100 level in the other (correct) direction, re-enter using the Fib criteria of the trade that was stopped out. In other words, re-use the Fib levels instead of trying to figure out new ones; it’s more likely to simply continue with the signal direction.

Exits:

1. Initial signal trades exit at the nearest fib level opportunity. Usually this will be 0.0 ‘first profit scaling’.
2. Take first profit for add-on trades at the 0.0 First profit scaling level, and then the other profit levels as trades remain.
3. Exit all active trades as soon as (any) active signal stops flashing or reverses.
   OR
   Retain all active trades until the RSX signal changes, then close all.
4. After the first profit is closed, stops move to BE or slightly better and so any trades that don’t make it to TP2 or 3 will close when the signal stops or reverses or at break-even.
5. Probably go ahead and close open trades on Friday end of day.
6. In the unusual case where you’ve entered a trade on a bar that loses or reverses its signal, exit as soon as you can break-even.

Anything else?

1. Remember broker’s tricky tricks - set every target 1-2 pips under the actual level and maybe even more if you notice they’re not getting triggered.
2. What is the better method of adding-on?

For now we’ll simply anchor using swings up and down.

1. Noticing Fib retrace opportunities, even small ranges, is vital. As long as RSX is telling you the game is still afoot you should be throwing out triad trade feelers on groups of confirming bars.
2. There seem to be a specific formation that cause the RSI indicator some trouble. When something reverses earlier than expected with enough amplitude to generate a slightly late reversal signal and then reverses again with enough amplitude to signal again. The clue is the first reversal is a shorter than a normal trend. On the RSI chart they look like shorter, rounded spikes with no flatlining. Expect it to be followed by another shorter than average trend. Both signals are lies - it’s better to stay in the trend. Examples:
   https://www.mql5.com/en/charts/8867574/eurusd-h1-simplefx-ltd
3. Better to place the fib on lines of support and resistance rather than the actual most recent 3 bar swings?

Backtest success rate: 78.8 % - expect this to soften over an extended period and with manual real-life trading down to 70% at least.

Test test test.

M15 - no better than random?
Curiouser and curiouser. Why does H1 work so well and M15 so poorly? (random chance, and better trending on H1)
This needs to be answered before proceeding?

***keep all after this line ***
Short simulated test performed significantly better than Sexy-syn on M15. A second test on (M1? Or M5?) also performed well but I couldn’t save the equity graph. Could have been a fluke, needs more testing and then esp. Needs to be tested on H1 and compared to Sexy Syn results which were also promising.

Attached Image (click to enlarge)

One problem is the trading required tons of discretion (it is a problem or just something you need to develop?) - would be good to figure what makes a successful trade and make more mechanical, possibly automated.

Theory:
This works because it finds instruments at periods where they’re temporarily out-of-equilibrium. (buy the dip!)

Does anything interesting happen at the intersection points between target bands and extEMA bands? Initial inquiry seemed to suggest no.

Stargate

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I think this is one of those ideas I can never leave alone; at certain times it seems like it should just work, but in the end it never does. Being completely trend-neutral is not the way. Besides which I can never get the coding right, either on my own or with abundant assistance, this just seems to be beyond anyone's powers to get right.

Chart: Any
Timeframe: Any

Indicators: None required, although ATR or AATR might be handy.

Entry:

 

1. Place a virtual buy stop order and a virtual sell stop order equidistant from the bid-ask lines. The buy stop is above and the sell stop is below. The distance between the two orders is a configurable option, let’s call it stopDistance, and for now let’s set it to the Jack Schwager 5 period average of the 14 period Average True Range. (average of the average true range).
   
2. Place a virtual stop-loss south of the buy-stop and a virtual stop-loss north of the sell-stop, at lossDistance points or %ATR.
3. Place a virtual take-profit at profitDistance points or %ATR north of the buy-stop and another one south of the sell stop.

The completed setup looks something like this.

4. When price moves within shiftDistance points of either side of the stop order ‘gates’ the whole setup shifts to stay centered on the bid/ask spread. This shift can happen immediately or on candle close/open. This ‘trailing’ mode can be set to true/false.

The purpose of this is to ensure only “major” market moves will trigger an order. The larger the stopDistance, the larger and faster the market move will need to be to trigger an order.

5. When a larger spike or candle occurs and triggers an order, the virtual stop-loss will move quickly to break-even. This breakEvenMove can be true or false, and the minimum profit, breakEvenMinProfit can be set in points or pips. The break even stop loss could be trailing or not. With the trailing amount in points.

Exit - on TP or SL

Configurable Options needed: (check code from HGBD)

Money management -
LotSize:
LotsPerKBalance (where K = a cash amount):
KCashAmount (usually $1000):
UseBalance:
UseEquity:
Emergency Stop Loss Percentage of Balance:
PartialEmergencyStoLossPercentOfBalance:

Trade management -
Trade Long:
Trade Short:
Magic Number: 7535
TradeComment: SG-buy / SG-sell
IsECN:
MaxSlippage:
WaitSecondsBeforeTradeAttempt:

Safety -
MinMinutesBetweenTradeOpenClose
MinMinutesBetweenTrades

Hours of Trading:
Daily trading hours: TradingHours is a comma delimited list of start and stop times. Prefix start with’+’, stop with ‘-’. use 24H format, local time. Example: ‘+07.00,-10.30,+14.15,-1600’. Do not leave spaces. Blank input means 24 hour trading. 99 means no trading for this day.

Individual day inputs?
Spread Inputs? (see HGB scripts)

Seconds to wait after last attempt to open a trade: 10

Snapshots (see HGB)

Odds and ends (see HGB)
Stage 2: basket trading this system? Use a manager?
Close all trades when profit is > or < a % of balance.

****
It seems like this would be particularly well-suited to COPPER, and to a lesser extent, XAUUSD, maybe some other symbols have the required characteristics. (maybe at the time; now I think it works on everything or nothing)

 

1. A lull near the beginning and the end of their trading day with very low volatility. A reliable spike in price, up or down staring in hour 2/3/4.
2. You could possibly find this spike in other symbols, and at other opening times - for ex. London and New York opening.
3. Just set up the straddle, and bam -trade reliably once or thrice a day.

This may be better suited to space-ranger. Where you could actively wait for thin candles, and then get the first volatility spike.

3 To Enter; 2 To Get Out

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The basic problem with this can be summarized by this classic Kinks song. https://www.youtube.com/watch?v=QkBvsBpgGbo This is also a good song to play when you're waiting for a trade to finish.

Aka 32E22GO

A basic trend-following method that uses any trusted trio of indicators. Of course you could use more than 3 but that would probably over-filter and cause late entries or missed trades entirely.

Indicators - I’ve tried using

1. My beloved Bifrost - smoothed MA of varying periods
2. HAMA system
3. TMA slope
4. On Balance Volume (OBV)

I suspect it’s a good idea to mix indicators with different modus operandi. So combining SMMA with TMA is probably MA overkill, where adding OBV as a volume-based indicator could be helpful. As I find out about other indis, maybe even some that are not chart-based, I’ll add them if they could be beneficial.

Enter: When all 3 indicators agree
Exit: When ⅔ agree.
The basic idea is criteria for entry is more rigorous than criteria to exit. This means only the most likely trades are taken, and they are terminated, not at the first sign of trouble, but a little more easily than trades are initiated. This has a net effect of avoiding entries during ranging periods, entering during obvious trends and exiting when the trend might be decaying.

Stops: not needed

TP - might be wise but not defined in this version

Time and again, the important factor is whether you are in a range or a trend. You have to completely change tactics according to either situation. M5 will range more than H1, though the difference is even more noticeable on W1. If you are scalping, you can't wait around for 3 indicators to agree. If you are trend-following, all you need to know is when to get out; and waiting for 3 indicators to tell you that will cause unnecessary damage.

SOMA
Just more indicator signal trading. Get creative, already. Well, actually rule #4 is quite interesting.

Use Step-OMA and TMA agreement (2 to agree) to enter and use VMA band to set TP targets/trailing.

So this is using the same basic template as ProbaBill&T but with all the ‘clarity’ junk removed.

The only conditions are

1. Take signals on a single TF only. However feel free to trade as many TF as you wish. So since I’m doing this manually to start, we’ll trade H4, D1, W1 and still using cable, fibre, yen and gold. However, if it’s going to be days waiting for an entry, maybe we should consider H1?
2. When the current bar closes AND there has been a zero cross AND then price crosses the Step OMA that’s a valid entry - take it. Check each chart for how many false entries there have been in the past and consider tuning if there are too many, but current settings (from ProbaBill) are probably good.
3. Exit on Step-OMA signal change, but otherwise hold for the other side of the VMA band and then use some kind of trailing method or just TP as soon as Step-OMA flattens (ignore TMA after entry).
4. If price is already outside the bands or continues well past them, use a wider band and continue as with previous steps.

That’s it?

ProbaBill & T's Excellent Adventure

This is a bit of an absurd mess but something important is beginning to happen here, even in the name of the system as I'm beginning (start of 2020) to realize it's more about probabilities than having a flashing light tell you what to do. Why did it take so long?! Thicko
Indicators - one instance each of volatility MA bands and one-step OMA and TMA slope True
Settings to be adjusted per TF and instrument
TF: H4-D1-W1 only

Let’s start by dividing situations into clear and obscure rankings.

High-probability (clear) events:

1. Price re-enters (after CCC’ing outside a band) a band OR returns to mid-band line and CCC’s away OR exits band with no sign of soon returning
2. OMA signal changes OR produces a flat section
3. TMA zero cross

Low-probability (obscure) events:

1. Price is in continued contact with the mid-band line OR lingers on the band edge
2. Price is in continued contact with the OMA line OR produces frequent signals while the band is stationary
3. TMA is in ranging mode and waning (moving back towards zero instead of waxing - moving away from zero)

Trade on the highest practical timeframe

1. When the situation contains more than one obscurity...
2. Find a clear timeframe and move back up one TF as soon as possible/practical
3. If there is no clear chart above H4 then wait and trade something else

NB
The lower the TF the smaller the trending segment will be which is why trading a ‘trend-following’ system on M15 is oxymoronic. By the preceding definition, any ‘trends’ on a low TF will be small and choppy. Still, the effect of compounding, might overcome the drawbacks and be worthwhile. Needs testing. See Clemmo’s compounding theorem.

Entry & Exit
Enter only on 3 consecutive clarities OR the absence of 3 obscurities
Exit on 2 obscurities, or use the overhill/underhill principle to get trades on the right side of a range.
Place stops at the most recent relative extrema (swing high/low).

New idea - Emergence

Current board (2019.12.18) looks like this: (using notion that a bullish but waning signal is a weak bear signal,etc.)

Update: if you read the nitefort analysis to the end you’ll see there at least 64 different possibilities to consider -much less simple than the algo I was hoping for and it might help to explain my ‘curse of dimensionality’ using multi-TF analysis. So I’m going to abandon this but keep the basic elements in a much simpler system called SOMA.

Try version with TMA bands and Hull master34

I've also had notably little success with multi-screen dashboards even though you see traders using them in publicity shots, stock photos, all the time.

Arrow of Time

Assuming bars tend to remain unidirectional (the trouble is, they often don't; but I think there is at least one popular scalper on YouTube who trades this way)

- enter @ 5-20% after observing current direction and allowing for the usual ‘ragged ends’
and exit at 80%?

BE stop for safety?

Obviously this will likely work better on higher TF, but…?

After getting frustrated by this for a short time..
Ok scrap this what about under the same name - did I already write this down - not quite but it’s very similar to Philean Leveler

If price is above a (fairly loose high period) MA, enter at regular intervals (timed). And close at regular intervals (timed). So this is snakes and ladders but trades occur on a schedule.
The holy grail trading system by the author of a book of the same name.

Max trades limit

Optional Adjustment: exit when price gets too far away from the MA. So enter chronologically, exit based on price spikes. This probably makes more sense esp. As it will simply ‘sleep’ during ranging periods. But haven't you done a few of these already?

This is something that will follow the ‘critical path’ loosely, with no other concerns, and when there’s a strong discontinuity it will exit and adjust regularly. If there’s a trend, wins should outpace losses.

Curious to see how this performs vs Leveler. And Snakes and Ladders.

Remember to check MadDash to see if it is a good (at least short-term) reversion trade indicator. (It is!)

Karmic Justice

Blind Justice + Karma Chameleon?
This will simply work, because trends are real. I made this into an EA. However it needs a trend, and one that will last long enough to trigger a signal and isn't too whipsnappy, and how many of those are there these days?

1. Indicator (attached): Step-OMA (call it SOMA) A moving average with bands.

Entries

1. 2 trade types
   1. Trend type (main trade type)
      1. Trend mode engages when a bar closes outside the bands.
      2. If a bar closes above the bands, enter long
      3. If a bar closes below the bands, enter short
         1. After trend mode is engaged add-on new trades periodically:
            1. (option) additional trade every N bars (default: 1).
            2. Set to zero to disable add-on trades
               1. (sub-option) up to a maximum of M trades (default: 3)

   2. Band-to-band type (b2b)
      1. (option: boolean - to disable band-to-band trades; enabled by default)
      2. Band-to-band mode engages when a price bar closes inside the bands.
         1. Only one band-to-band trade active at a time.
         2. Depending on exit options selected b2b trades and trend-mode trades may be active at the same time.

Exits

1. Trend trade exits - only one of the two options can be active at a time:
   1. (option-default) exit when price touches the bands
      1. (sub-option) Wait for Z bars to form before permitting an exit (default: 1 bar)

   2. (option) exit when SOMA signal changes (wait for current bar to close)
   3. Stop-loss for trend mode trades - set at the farthest band

2. Band-to-band trade exits - two ways - both valid at the same time
   1. Exit band-to-band trades when price closes outside the bands
   2. OR exit if price touches the other band (opposite band from the one that was crossed during entry) and then closes inside the bands

Volume options

1. Lot size auto-calculation
2. Lot size (fixed or per base) with account base
3. For add-on trades increase trade volume by step lot amount - default 0.01 on each successive trade. Set to zero to disable. Negative numbers decreases lot size.
   1. So if step amount = 0.01 and base trade amount is 1 lot
      1. trade 1 (trend trade) = base trade amount = 1.00 lots
      2. trade 2 (first add-on) = base + 0.01 = 1.01 lots
      3. trade 3 (second add-on) = base + 0.02, = 1.02 etc.

4. (disabled by default) If price change is < N% over Q bars decrease lot size every subsequent trade
   1. (sub-option) to a minimum of (minimum add-on trade lotsize). Zero disables trading.
   2. Reset to base trade amount after price changes by N%.
   3. Percentage calculated by comparing the price of first trend trade with current price.

Reverse Mode

1. Option-default: Use trend duration for reversal mode (reverse mode 1)
   1. if prior trend was < S bars, reverse signals; long SOMA signal = short entry, short SOMA signal = long entry; call this ‘reversal mode’. Set this option to zero to disable reversal mode.
   2. Cancel reverse mode once trend exceeds Q bars.

2. Option: Use change in price percentage over Q bars (reverse mode 2)
   1. If price change >= N% over Q bars is NOT true then enable reverse mode 2
   2. Cancel reverse mode once trend exceeds N% price change
   3. Only one reverse mode option can be selected at a time

3. While in reversal mode:
   1. Long trades are triggered when price closes under the bottom band
   2. Short trades are triggered when price closes above the top band
   3. (sub-option) cancel after T successive higher or lower closes.
   4. (sub-option) cancel after N% price change (compare first trend trade to current price)
   5. Both of these conditions can be active at the same time
   6. Reversal mode exit options are separate from trend-mode or band-to-band mode
      1. (option-default) Exit at SOMA signal change
      2. (option) Exit at bands
         1. Long trades close on contact with top band after crossing SOMA line - allow 1-2 bars to form outside the bands first
         2. Short trades close on contact with bottom band after crossing SOMA line - allow 1-2 bars to form outside the bands first

   7. Stop loss for both exit modes - use a fixed # of pips (reversal mode SL distance (points))

BreakEven Settings

1. Use breakeven in ‘trend mode’
   1. Breakeven trigger
   2. Breakeven distance

2. Use breakeven in ‘band-to-band’ mode
   1. Breakeven trigger
   2. Breakeven distance

3. Use breakeven in ‘reversal mode’
   1. Breakeven trigger
   2. Breakeven distance

Miscellaneous
If possible, use virtual levels and hide pending order levels from the broker


Trade Examples (Fig. 1 - Fig. 8)

Fig1. SOMA line with bands. One indicator. Very simple template.

Attached Image (click to enlarge)

Fig. 2. A long trend-mode entry would be triggered at the close of the highlighted bar as it closed above the bands. Note that price re-entered the bands 4 bars later but did not close inside the bands so no band-to-band trade was activated and trend-mode is still active.

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Fig. 3 Band-to-band-trade examples. Turquoise lines are profit trades. Magenta are loss trades. Gold vertical lines show entry and exit bars.

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Fig. 4 Trend mode examples using band-touch exit option

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Fig. 5 Trend mode trades using SOMA signal change exit condition

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Fig. 6 Add-on trades example. Base trade + 3 add-ons with each trade increasing in volume by the step amount.

Attached Image (click to enlarge)

Fig. 7 Reverse mode 2 examples. See full size image at https://www.dropbox.com/s/9jwk4uvx60...ample.png?dl=0
Turqoise lines = profit trades; Magenta lines = loss trades
Lines show entry and exit points.

Attached Image (click to enlarge)

Fig. 8 Reverse mode 1 examples.
Turqoise lines = profit trades; Magenta lines = loss trades
Lines show entry and exit points.

https://twitter.com/fins0905/status/1425686378633957376

Can we embed tweets? Nope. Ok

Fleché
A curiously late authored indicator system. The dying ebb I hope?

TF: Trade as many as practicable but there is no Multi-TF analysis

Indis:
There are 3 main components.

The SOMA line (fraternité)
The TMA slope zero cross (liberté)
The VMA bands (égalité)

They are configured as desired for each instrument and TF. I will provide starting settings for 4 common instruments and 3 TF for a total of 12 settings files.

Principles:
We can’t know what price will do when it’s ventured outside historical volatility. It might run, or it might return and retrace. We don’t care. When price is outside the bands we will not trade. The long trends will get caught on higher TF.

Entry:

1. Enter only on last bar close
2. 3 to agree - we need a zero cross, a SOMA cross and for price to be inside the bands
3. Do not make long trends in the upper half of the bands or short trades in the lower half

Exit:

1. Exit on price making contact with the far band edge and then closing back inside (TP)
2. Exit on price making contact with the far band edge and then TMA forming a declining bar (TP)
3. Exit on SOMA making an opposite signal (SL or TP)
4. Exit on contact with the SOMA line (after some bars have passed) (SL or TP)
5. Exit on TMA signalling an opposing zero cross (bar must close) (SL or TP)

Fleché 2 - we also don’t care what price will do inside the bands. So, enter only when price has ventured outside the bands and then crosses the SOMA on its way back inside. If price falls back outside the bands or re-crosses the SOMA exit and wait for another entry.

Also, isn't this basically QuantStar?

Angler

Make trendlines using the angles formed by SOMA or Quantile or TMA envelopes, and adjust those trendlines when the indicator does as long as it is in your favour. When the angle changes against you, ignore, and when price crosses your trendline, exit and reverse.

A bit like an automated Sloth? Raffle’s laughing somewhere.

Use a narrow band to represent the amount of variation that you’ll tolerate at the start of the trade.

Not sure if this is a system itself or just a technique. Try it with Fleché

One problem with this idea is it’s uncompromising - so if price plateaus a bit and then recovers you will halve your potential trend. (A fatal problem, I think; and maybe this uncompromising nature of rigid systems rules is an error in the same vein.)