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Re: $500 Prize: Let's program the Holy Grail MA together

PumbaPLS, Mon Aug 02, 2021 7:04 pm

Hey guys, I usually dont write here, but since this is an interesting topic I would like to add something that might help us!

I am a systematic Trader and if I may recommend an indicator as Entry signal there is only one that comes in my mind. I have been using it for YEARS and always served me very well.

By Entry signal I mean, after everything gives the Trade a "go" its the final signal that gets you in the Trade.

Which indicator am I talking about? Aroon Up&Down Indicator

Why this one? Aroon Up&Down gives a signal whenever a Candle breaks X amount of prev. Candles highs or lows. This way you are a very good confirmation/entry signal based on price action.

How to use it: the Aroon has 2 lines, Up&Down. Lets say Up = Green Down = Red.
If Green line gives signal => Candle colour must be the same => legit entry
Aroon setting: Length 2 on Tradinview, MT4: Length 3 (for some reason 2 on Tradingview is 3 on MT4)
Image

Example of what I mean (also we ignore the bottom signals of the Aroon)

Sorry... I dont know why there is the same picture 3 times
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