Add a tandem EMA as a filter one time frame higher and this could be something very effective.
JSParticipant
Senior
Yes, this was the basic idea…need some work.
MTF was also the first thing I was thinking about, maybe the same “trick” on a higher TF?
Everybody is invited to share comments and results.
I don’t have a laptop here now… but maybe just add an EMA10/20 tandem in the H4 or H1? As an MTF.
JSParticipant
Senior
I’ll look at it this week and also try some other things…
not easy for me I’m too old 🙂
Perhaps a system can be made of this?
When you know where the Lowest Low (LL) and the Highest High (HH) occur, you can say in the simplest form;
When the HH occurs after the LL then you are in an ascending phase and vice versa when the LL occurs after the HH then you are in a downward phase.
With the formulas:
LLBar = LowestBars[n](Low) you determine the bar where the LL occurs
HHBar = HighestBars[n](High) you determine the bar where the HH occurs
When LLBar > HHBar (Bullish)
When LLBar < HHBar (Bearish)
Of course, this is the simplest form but maybe with MTF, SL, TP, etc. we can improve this system.
1
2
3
4
5
6
7
8
9
10
11
12
13
|
DefParam CumulateOrders = False
LLBar = LowestBars[n](Low)
HHBar = HighestBars[n](High)
If LLBar > HHBar then
Buy 1 Contracts at Market
ElsIf LlBar < HHBar then
SellShort 1 Contracts at Market
EndIf
Graph LLBar as “LowestBar”
Graph HHBar as “HighestBar”
|
I think I understand what do you mean but not sure, it’s some think like the photo maybe, when the highest HH was occurs after the LL then you are in an ascending phase and vice versa, it’s the Dow law, and I think it’s also good for made the Stop Loss too (sorry for my english)
Add a tandem EMA as a filter one time frame higher and this could be something very effective.
I think that everyone has to find his or her own way of working because sometimes a method may be suitable for someone but not for someone else