Hello everyone, we are developing a strategy which is suited for people that likes to trade in small time frames. Our strategy uses many indications for entries. These indicators can be used individually or better solution we combined them together for best prediction. These indications like True Range, Average True Range , moving averages also previous bars highs, lows and closes values and finally mathematical equations to decide close price wave movement. Most of the work is in scaling price data and comparing them with the indicators to decide trend
The strategy is planned to go only long direction.. now we will discuss how each indicator is used to decide trend * According to ATR trend prediction ...
it is up when the scaled bar price greater than ATR value
it turns down when the scaled bar price is less than ATR value
* According to MAs trend prediction ... we use SMA and previous bar data averages then apply linReg ( Linear regression curve) this result in curve up and down zero
it is up when the value is up zero
it turns down when the value is down zero
* According to close price wave movement ... we applied cos function on previous bars close data to get the sloping wave of close movement
If the slope is increasing ... this means the current wave value is greater than the previous value
If the slope is decreasing ... this means the current wave value is less than the previous value
Now as we mentioned before... The strategy goes only long direction. LONG ENTRY Conditions (ANDing condition not ORing): we can use any one of these indicators individually, or mix any two of them or use them all simultaneously
So... LONG ENTRY Conditions are as below:
if ATR trend is used .. it should be UP.
if MAs trend used .. it should be > 0.
if close wave slope is used .. it should be increasing.
On the other side… the Exit conditions are also (ANDing condition not ORing): So... LONG Exit Conditions are as below:
if ATR trend is used .. it should be down.
if MAs trend used .. it should be < 0.
if close wave slope is used .. it should be decreasing.
Please send me private message for script authorization. Happy trading everyone!