Hi
I was working on ichimoku strategies and find this configuration very interesting.
At every stock crash and financial crisis, the brent goes for a “big short strategy” every 7 years with -50% or minor correction and sometimes for
This configuration can be detected by trend following system ichimoku cloud and ADX.
I just worked on selling the first oscillation of the stochastic.
If someone have different ideas to profit from this massive correction?
Unfortunately brent might but bullish for the next years but a correction is possible afterwards
// Définition des paramètres du code
DEFPARAM CumulateOrders = True // Cumul des positions désactivé
Tenkansen = (highest[9](high)+lowest[9](low))/2
Kijunsen = (highest[26](high)+lowest[26](low))/2
SenkouSpanA = (Tenkansen[26]+Kijunsen[26])/2
SenkouSpanB = (highest[52](high[26])+lowest[52](low[26]))/2
STOK=Stochastic[14,5](close)
STOD=Average[5](Stochastic[5,3](close))
//STOK=Stochastic[5,3](close)
//STOD=Average[3](Stochastic[5,3](close))
myADX=ADX[14]
ADXtrend=myADX>23
// Conditions pour ouvrir une position acheteuse
//oversold = STOK CROSSES OVER STOD
//buycloud=open > SenkouSpanA or open > SenkouSpanB and Tenkansen > Kijunsen
//IF oversold and buycloud and ADXtrend THEN
//BUY 1 CONTRACT AT MARKET
//ENDIF
//if longonmarket and STOK CROSSES UNDER STOD then
//sell 1 contract at market
//Endif
// Conditions pour ouvrir une position en vente à découvert
overbought = STOK crosses under STOD
sellcloud = open < SenkouSpanA or open < SenkouSpanB and Tenkansen < Kijunsen
IF overbought and sellcloud and ADXtrend THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF
if shortonmarket and STOK CROSSES over STOD then
exitshort 1 contract at market
Endif
// Stops et objectifs
set stop %loss 2
//set target %profit 3
Thanks for sharing. It’s very long term investment and it’s always easier to catch big trends afterwards while viewing history.
But, because trend in Brent oil seemed to persist for long time, maybe some classical strategies could be adapted easily to it, in shorter timeframe..
The first thing that comes to me, is a mean reversal strategy made of RSI 2 periods with trades filtered in the same trend. You can find some examples in the forums and Library.