pacois wrote: ↑
Sun Jan 27, 2019 10:10 am
-L- wrote: ↑
Sun Jan 27, 2019 7:30 am
Hi guys, I'm testing a new strategy, so I'm sharing it here with you guys in case it helps you and, if there is anything to improve, please feel free to tell.
the strategy it's pretty simple and works this way
1. search for a strong trend in the m5 TF
2. then go to 1m TF and for buy (and the opposite for sell)
-watch the MA ribbon being blue and above the 150ema,
-DSS bresert in oversold area (try to take the ones which truly stay in the oversold area, not the ones that just barely enter that zone)
-Gann signal appears
3. the expiration time should be above 10 minutes, I usually put it 10 plus the few extra to complete the next 5m candle
I have tested it just for a couple days in the major pairs and (more tests be needed) and as long as I can correctly look for a strong trend it has worked pretty well for now.
PD: in the image, I put the lines of the 5m chart in a new chart, so the time the vertical line shows it's the start of the 5m candle, not the start of the operation since for example if you look at the last signal, in the m1 chart it was at 16:03 but in the 5m chart it shows 16:00, but the entry point was the one in the m1 chart.
Make some changes:
Add Bollinger bands (20)
Change of the ma ribbon from (20,40) to (30-blue-,55-red-)
Add a new ma ribbon at (100-green-,200-orange-)
Add the monitor you made (however could not find how to avoid the tf's getting mixed with each other, try to change size in indi settings but don't work)
beside watching for a strong trend in m5, gann signal and DSS in overbought/oversold add a new rule: the price should touch the Bollinger band before the gann signal
for a buy signal it should be then: ma30 >ma55,>ma100>ma200, price above ma30, DSS bresert in oversold, gann signal, and price should already have touched the lower bollinger band
I was wondering if it's possible to add a ma crossover filter to the GANN Arrows indicator so that for example, it will only show/send a buy signal if the ma30 is above ma50 (or any other pair of ma's) so that way it will be easier to ignore the fake signals (which are a lot, basically any which goes against the trend should be directly ignored) when trading in multiple fx pairs