Hello everyone,
I am constantly working on new strategy ideas and really enjoy sharing with the community.
Strategy Name: "Crows and Soldiers Mean Reversion"
Description: The strategy combines the power of candlestick patterns (Three White Soldiers and Three Black Crows) with trend confirmation from a moving average.
Indicators/Patterns Used:
Strategy Logic:
Trade View X Portfolio Results:
Portfolio testing over 5 years
Any suggestions or comments to further progress this strategy idea would be really amazing.
Thanks,
Icy
I am constantly working on new strategy ideas and really enjoy sharing with the community.
Strategy Name: "Crows and Soldiers Mean Reversion"
Description: The strategy combines the power of candlestick patterns (Three White Soldiers and Three Black Crows) with trend confirmation from a moving average.
Indicators/Patterns Used:
- Three White Soldiers Pattern
- Three Black Crows Pattern
- Moving Average (MA) with Angle
Strategy Logic:
- Trend Determination using Moving Average:
- Calculate a simple moving average (SMA) of a suitable period (e.g., 50 or 200) on the price chart.
- Determine the angle of the SMA. A positive angle indicates an uptrend, while a negative angle indicates a downtrend.
- Three White Soldiers Pattern (Long Entry):
- Look for the occurrence of the "Three White Soldiers" pattern.
- Confirm that the SMA is indicating an downtrend (negative angle).
- When both conditions are met, consider it a potential long entry signal.
- Three Black Crows Pattern (Short Entry):
- Look for the occurrence of the "Three Black Crows" pattern.
- Confirm that the SMA is indicating a uptrend (positive angle).
- When both conditions are met, consider it a potential short entry signal.
MT4 Testing Results:
Single symbol from 2000 -> 2023
Trade View X Portfolio Results:
Portfolio testing over 5 years
Any suggestions or comments to further progress this strategy idea would be really amazing.
Thanks,
Icy