MidPrice Strategy

When I start to think about the strategy which can fits me, my character, I required myself a few demands:

1) This strategy must be as simple as possible
2) This strategy must based on price
3) No oscillators
4) Less false signals
5) Good risk managment.

Then I realized if the price is core of this market, so here must be important some Middle prices. Because we know middle or average price is essential in every field. So I took Daily Middle Price, Weekly Middle Price, Monthly Middle Price, Annually Middle Price and 5 year's Middle Price. Therefore I choosed only theese Time Frames: M15, H4, Daily, Weekly, Monthly and these SMA's: 100, 30, 20, 50, 60.

M15 : 100
H4 : 30
Daily: 20
Weekly : 50
Monthly :60

You can ask why these SMA's. 100 SMA in M15 is Daily Middle price (96 candles acctually, but I rounded it to 100) and etc.

The other important rule is every MA must be shown in its TF and shouldn't be visible in other TF's.

Here is the template.

I wanna see how many members are really interested in this strategy, then i will go on. You see i don't want to waste both of our times. "Is it profitable?" None 100%. I need to develop.

Waiting for your comments, advices.

hey mate continue your thread.. its looks like more interesting... i am just waiting for details...

Hi Feliks,

I joined FF just 2 minutes ago, but I am reading and learning since a couple of months.
The requirements of your strategy fit perfectly to my own demands, one could say that your thread
was my trigger to join the FF community.

Let´s get it on

interested,,,,,

I'd like to learn new thing from this method. Subscribed.

After applying the template attached here, you just put the horizontal lines on the last price of SMA's. Start from Monthly to H4. No need to add on M15 (100 SMA). That lines will be your support and resistance lines. Do not forget to adjust them accordingly their TF (Month - every month, Weekly - every week and etc.)

I think is better using different indicators.

how long have you been using that method?

From 20th february this year and i haven't blowed up my account and haven't twiced it. I'm happy for this.

As you wish my friend. These ones keep my head calm and fit me.

By the way I would like to use the indicator which can put that SMA's and horizontal lines on their last price automatically and adjust it at every new candle. But unfortunately I don't have one and can not code it.

Monthly chart and Weekly charts' trends change or act very slowly, it means it takes time to get something from them. But as experienced traders know big charts less falses. Let's say the trade you wish to open based on that you have to have huge amount. It means huge stop losses and long term position (weeks or monthes).

So Daily, H4 and M15 is ok for short term and middle term positions.

If H4's line is upper than Daily, then i seek for buy on M15 for the best lowest price and vice versa.

P.S. Sometimes:

You are late for signal
You are at the beginnig of the new trend.
You are just at the Range.

EurUSD sell 1.0677 SL 1.06857
No TP

Hi Feliks
Thanks for your strategy.
Perhaps this indicator helps. But I'm not a programmer.
I'd love to see more explanations on your trade management.

Thanks for your kind attention.

This one shows Big TF's moving at less ones. You can just do proper calculation to get that. But what i need is the indicator which can add horizontal line on SMA's last price. Then move it at every candle. This is really the easiest indicator which can be done by even amateur coder. But I'm not one.

From this picture there was 2 signals for trade. As you see to open a trade your second candle should close above/below previous candle and not to touch SMA. The best setup comes when price breaks SMA, SMA changes direction, Price comes to bounce of it, then for II second candle. But you can ask how to avoid false one? Look to the SMA(better to zoom out to see clearly). When the SMA is heading UP, then Trade for sell is probably false one. But not always it's true. You should just join to the crowd, instead of standing out and shout: "Hey Guys, I'm bear" and to get attention all bulls which stares at you with red eyes and angry faces))

From this chart you can see several setups for sale. The best setup for me was green one. Red one is too early one, sometimes price gets back to its trend. So i waited for SMA's to change its direction.

Some help for your project!
Below you will find Multitimeframe MA indicator, your basic template with some changes and a simple text file with basic input parameters for #MTF_MovingAverage indicator.

I appreciate your help. But i want to see upper SMA's last price as a horizontal line, not themselves in M15 lets say.

What's the difference between seeing the SMA's themselves ( and implicitly their current prices ) and drawing horiz lines for the SMA's current prices ? It's the same info: current price of SMA ...