Complex trading system #1 ("Multi-conditional")
Submitted by Edward Revy on April 19, 2007 - 16:48.
Currency: ANY
Time frame: 1 hour + 30 min + 5 min.
Indicators: 14 EMA, 21 EMA, 50 EMA, Bollinger Band (20, 2).
Entry rules: Enter on 5 minutes chart.
On 5 minutes chart, for uptrend:
if 14 EMA is above 21 EMA,
then if both 14 EMA and 21 EMA are above 50 EMA,
then if 50 EMA is within the Bollinger Bands borders,
then...
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Can I simplify your method? All the charts (5,15,1h) have to give same signals either buy or sell. Am I right?
Yes, it could be simplified that way.
Best regards,
Edward
I'm a great proponent of multiple time frame analysis and I prefere to involves the pivotal points. Sometimes it will make much more sense if all indicators shows an entry when the market price is far off the next pivotal point and/or a divergence shows aligned probabilities of the same a possible direction. Then I prefere to go in the market if all indictors will show me he green ample to go.
Nice work!:-)
Hi
Eish man am lost on yo strategy.I mean on yo 5 min chart where you indicated enter do you enter long coz you seem to indicate a long candle on a downtrend.And one more thing do i have to wait for the bars to sit on the moving averages(like on your charts) or they just have to be above the averages.
Confusd me
Hello Edward,
I've been following this site for quite a few days now in search for great strategies I can code up myself for automatic trading. This strategy sounds very promising and I'm now wondering if a strategy like this can also be used on longer time frame combination. e.g. 1H + 4H + 1Day.
Thanks for sharing your great work,
DSV
Yes, DSV
I see no problems with using higher time frames combination for this strategy.
Especially if you're able to code it, you've got to try out all possible combinations.
Best regards,
Edward
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