Indicators for trend following

Hi guys.

These days i'm in the final phase of making my system. I have been working every step of it in the last year. what I need now is some ideas on indicators which show the trend (up or down). Though trend indicators show weak signals in sideways markets which exist 70% of the time I have come to the conclusion to also use ADX. ADX will show if the market is trending or going sideways.

What do you think about that? What I need now is a suggestion of an indicator I am going to use in sideways markets which will show me in what direction of the range is the price going. I also want an indicator for a trend.

Looking forward to your recommendations.

the 'final' phase of your system is trend identification?
seriously?
ok, try this: 50/200 ema, wait for a cross over and then a big distance to occur between them, buy when stochastics oversold in uptrend and vice versa for downtrend

Hi

Many wrote in FF saying the "big boys" like 50, 100, 200 MAs.

Cheers

Systems have lots of things to consider.

I was studying MM the whole year because it is much more important than the trend identification. the most important for a trader is not entering the trade but managing the trade while it's open. And there are a lot of ways of managing a trade while it's open. You may have the best trend/pattern identification skills but you might get really messed up because of your MM which was not good.

What I'm looking is knowing what the trend is because I want to be in the market anytime. The point of being outside of the market and looking at the screen 10 hours without opening a trade is silly. You will say though cause that's how you find a good trade but let's look at an example.

Trader 1
there was a guy I think he was the guy who invented the MACD or the bollinger indicator. He had 27 indicators!!!!!!!! unless all 27 were correct he wouldn't enter a trade. He had more than 90% winning possibilities in every trade though. But all he was doing was making a trade much more complicated.

Trader 2
He uses 3 indicators identifying a certain market setup. He has found a way with those indicators to have 70% right entries. But all he needs is 3 indicators to confirm him and not 27. So he can make 3 times more trades than the 27 indicators guy. With strict money management he doesn't need to care about losing trades too much. Being much more in the market he wins more pips than the other guy and limiting his losses he becomes a very profitable trader in the long term.

trading must be simple. Old school traders were making a killing using their eyes and a candle chart. They were making bigger returns than the up to the minute flat dual screen guys with the 1.556.098 indicators. Their trading was PURE ART. But since goldman sachs hired all those math geniuses wall street came out of control.

What I'm thinking about is using ADX to see if there is a trend. 70% of the time the market is ranging. If ADX says that market is ranging I will use an oscilator like RSI or stochastics to see overbought oversold levels.

I haven't found though any indicator for when we have a trend. I want something to show if the price is going up or down when we have a trend.

How about a simple daily trendline?
I think to identify a general trend, you should stick to higher TF's.

I want to make the next 50 pips so a 5 minute time frame or a 15 min time frame is ok