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HPotter
21 août 2014 04:11

Trend Trader Strategy 

E-mini S&P 500 FuturesCME

Description

This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998

Notes de version

- Move to V4 Pine
- Change min value for Multiplier = 0.000001

WARNING:
- For purpose educate only
- This script to change bars colors.

Notes de version

- Fix 0 on the start script

Notes de version

- Move to v5
- Added alerts on change colors

Notes de version

- With signals

Notes de version


- Alert on the close of bar.
Commentaires
purushottamdeb92
What is the best time frame for doing intrday using this indicator?
tak2day
dbabkin
@tak2day, I’m use 3 min
saulvillarroel8
@tak2day, backtest?
XiinFaniin
@HPotter can you plz confirm what is the best time frame for this Trend TS?
Thank you in advance
amanchaure
@diazifx, This is a very good indicator. But you must back test your strategy by using this indicator on the past data for multiple time frames (3, 5, 15 mins) and then decide which setting suits your trading style (This will also help you to decide whether to go for intraday or a swing Trading pattern). Once you are done with that, take some paper trades (atleast 50) in the live market (maybe for a complete month) and check your profits along with the accuracy. If there is an overall loss then just sit back relaxed and thank yourself for not trusting blindly over any indicator and try to figure out what went wrong in your experiment. Change the settings and repeat the same Experiment over and over again (try to add a few more confirmations to reduce the losses) and one day you will definitely find an overall pattern in which these indicators work.
If there are 100 people who make profit using this indicator, then there will be atleast 200 people making losses with the same (lack of consistency and discipline).
gareeb_trader
@amanchaure, nice..we both think same way
LoanhQuanh
Hello @HPotter
How can I use it on MT4, please let me know.
Thank you.
AdilMohsine
@LoanhQuanh, I'm also looking for it too
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