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TST and EMA Trading Strategy

  • #21
  • Aug 22, 2024 4:29pm Aug 22, 2024 4:29pm
Quoting jiomin
USOIL H4{image} A bit late but the rr worth, lets see
Stoped, waiting for reversal signal to enter Buy
  • #22
  • Aug 22, 2024 7:26pm Aug 22, 2024 7:26pm
anyone has tradingview for this indicator
  • #23
  • Aug 23, 2024 7:36pm Aug 23, 2024 7:36pm
Quoting tapikotakupe
anyone has tradingview for this indicator
I will code this weekend
  • #24
  • Aug 24, 2024 9:24am Aug 24, 2024 9:24am
Quoting jiomin
USDJPY Hit TP {image} And enjoying the strength buy.. I got a new position bought
Well done
MA provides the market's current direction and strength.
  • #25
  • Aug 24, 2024 2:25pm Aug 24, 2024 2:25pm
Very interesting.

Seems to me that there are extra indicators there which have not been explained in Post 1.

Can you do something like this chart and tell what each does for the trade?

Or maybe best to do a basic chart with only the necessary indicators.

Thanks.

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #26
  • Aug 24, 2024 7:37pm Aug 24, 2024 7:37pm
Quoting Erebus
Very interesting. Seems to me that there are extra indicators there which have not been explained in Post 1. Can you do something like this chart and tell what each does for the trade? Or maybe best to do a basic chart with only the necessary indicators. Thanks. {image}
You are right many of these indicators are not even used for M15 and H4. I recommend you to build your template to make it clear in your own manner.

About your screenshot, the Blue/Yellow histogram is the Sidus as a filter to indicate strength based on the crossover of the Fast and Slow LWMAs in conjunction with the RSI value:

  1. Fast LWMA (15 periods): A shorter-term moving average that reacts quickly to price changes, indicating the short-term trend.
  2. Slow LWMA (34 periods): A longer-term moving average that smooths out price movements and reflects the longer-term trend.

  1. Buy Signal:

    1. Triggered when the Fast LWMA crosses above the Slow LWMA, indicating a potential uptrend.
    2. The RSI must be above 50, confirming upward momentum.

  2. Sell Signal:

    1. Triggered when the Fast LWMA crosses below the Slow LWMA, indicating a potential downtrend.
    2. The RSI must be below 50, confirming downward momentum.

Additional Conditions:
The strategy doesn't rely solely on the Sidus but also incorporates additional filters to confirm the trade signals:

  1. Kijun-Sen Confirmation: Checks if the current price is above or below the Kijun-Sen line, a component of the Ichimoku Kinko Hyo indicator, to validate the trade direction.
  2. TripleSuperTrend Filter: Utilizes multiple SuperTrend indicators to ensure that trades are taken in the direction of the broader market trend.

  • #27
  • Aug 25, 2024 1:13am Aug 25, 2024 1:13am
Quoting jiomin
{quote} You are right many of these indicators are not even used for M15 and H4. I recommend you to build your template to make it clear in your own manner.
I did that, reduced it to the EMA's and TST, added Sessions as I like to know when the market could and should be moving.

Got the basis for a good system, 1 indicator to give the market condition, and 1 indicator to give possible trade entry level.

Here is EURAUD on Friday.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #28
  • Aug 25, 2024 6:44am Aug 25, 2024 6:44am
Quoting Erebus
{quote} I did that, reduced it to the EMA's and TST, added Sessions as I like to know when the market could and should be moving. Got the basis for a good system, 1 indicator to give the market condition, and 1 indicator to give possible trade entry level. Here is EURAUD on Friday. {image} {image}
Erebus dont forget the Sidus histogram. Its a necessary filter for this setup.
  • #29
  • Aug 25, 2024 2:52pm Aug 25, 2024 2:52pm
Quoting jiomin
{quote} Erebus dont forget the Sidus histogram. Its a necessary filter for this setup.
There is no mention of it in Post 1, either Indicator Setup or Trading Rules.

Please explain farther, what exactly are we filtering for?

Thanks.
It takes a lot for me to IGNORE you, but you can try.
  • #30
  • Aug 28, 2024 1:09am Aug 28, 2024 1:09am
Quoting Erebus
{quote} I did that, reduced it to the EMA's and TST, added Sessions as I like to know when the market could and should be moving. Got the basis for a good system, 1 indicator to give the market condition, and 1 indicator to give possible trade entry level. Here is EURAUD on Friday. {image} {image}
Keep daily, weekly and Monthly open lines, In my simple template I always keep it there
MA provides the market's current direction and strength.
  • #31
  • Aug 28, 2024 7:17am Aug 28, 2024 7:17am
Quoting hasib
{quote} Keep daily, weekly and Monthly open lines, In my simple template I always keep it there
what time frame does this strategy apply to ? thanks.
  • #32
  • Aug 29, 2024 1:53am Aug 29, 2024 1:53am
Quoting ewebb205
{quote} what time frame does this strategy apply to ? thanks.
H4
MA provides the market's current direction and strength.
  • #33
  • Aug 30, 2024 9:53am Aug 30, 2024 9:53am
Quoting Erebus
{quote} I did that, reduced it to the EMA's and TST, added Sessions as I like to know when the market could and should be moving. Got the basis for a good system, 1 indicator to give the market condition, and 1 indicator to give possible trade entry level. Here is EURAUD on Friday. {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_6.png Size: 29 KB
MA provides the market's current direction and strength.
  • #34
  • Aug 30, 2024 1:03pm Aug 30, 2024 1:03pm
Quoting jiomin
{quote} Erebus dont forget the Sidus histogram. Its a necessary filter for this setup.
Thanks for the random comment and never coming back!
It takes a lot for me to IGNORE you, but you can try.
  • #36
  • Aug 30, 2024 8:01pm Aug 30, 2024 8:01pm
Best threads
Market is Open University, Just have To Do PHD
  • #37
  • Last Post: Sep 22, 2024 6:47pm Sep 22, 2024 6:47pm
I've been using LWMA for awhile now. I am looking forward to your thread.
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