03.freeman

FTSMA - Trend is your frend

This my new solid strategy: if you belive that "TREND IS YOUR FRIEND" this is for you!

I have tested with many pairs and at many timeframes and have profit with just minor changes in settings.
I suggest to use it for intraday trading.

VERY IMPORTANT NOTE: this is a trend following strategy, so the target is to stay in the trade as much as possible. If your trading style is more focused on scalping and/or pullbaks, this strategy is not for you.

This strategy uses moving averages applied to Fourier waves for forecasting trend direction.

How strategy works:
- Buy when fast MA is above mid MA and price is above slow MA, which acts as a trend indicator.
- Sell when fast MA is below mid MA and price is below slow MA, which acts as a trend indicator.

Strategy uses a lot of pyramiding orders because when you are in a flat market phase it will close 1 or 2 orders with a loss, but when a big trend starts, it will have profit in a lot of orders.
So, if you analize carefully the strategy results, you will note that "Percent Profitable" is very low (30% in this case) because strategy opened a lot of orders also in flat markets with small losses, BUT "Avg # bars in winning trades" is very high and overall Profit is very high: when a big trend starts, orders are kept open for long time generating big profits.

Thanks to all pinescripters mentioned in the code for their snippets.

I have also a study with alerts. Next improvement (only to whom is interested to this script and follows me): study with alerts on multiple tickers all at one. Leave a comment if you want to have access to study.

HOW TO USE STRATEGY AND STUDY TOGHETER:
1- Add to chart the strategy first, so your workspace will be as clean as possible.
2- Open the Strategy Tester tab at footer of the page.
3- Modify settings to get best results (Profit, Profit Factor, Drawdown).
4- Add study with alerts to your chart with same setting of strategy.
I WILL PROVIDE A DETAILED QUICK INSTALLATION GUIDE WITH THE STUDY!

Please use comment section for any feedback or contact me if you need support.
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur ! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Commentaires

Is this good scipt for swing trading with 1hr to 1 day time frame??
Plz update me with any updation on the script. Thank you
+13 Répondre
03.freeman JohnDaDon
@JohnDaDon, Hi, this is a trend following startegy rather then a swing strategy. Of course, you can adapt it to your trading style by changing some inputs.
+4 Répondre
JohnDaDon 03.freeman
@03.freeman, Sorry im a newbie so just trying to find a strategy for Swing Trading. Although your strategy can help a lot would you suggest any of ur other script which would b the most helpful script for swing?
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How to use this in equality stock intraday trading
+7 Répondre
Hi. Am interested in access to the study with alert. Kindly allow access. Many thanks in advance.
+3 Répondre
YOU KNOW WHAT ... I WAS JUST READING UP ON FUNCTION APPROXIMATING USING FFTs AND GUESS WHAT JUST 3 DAYS BEFORE U HAVE ALREADY IMPLEMENTED THIS GOLD
+3 Répondre
03.freeman darkbeacon
@darkbeacon, Thanks
+3 Répondre
@03.freeman can you add custom the backtesting dates filter similar to the one in the FRAMA strategy?
+2 Répondre
Hi. Interested in access to the study. Great entries but where are the closes?
+1 Répondre
Hi :)
i tested the strategy and i saw that with a 1% commission paid on every trade the strategy turnout to be a total lose.
Also the strategy tester screen turn into red when using the stop loss, except if the "use ma" is false and only on less than 15 min time frames.
can you open my eyes about the causes of those two issues and how do you deal with theme?

thank you a lot for this contribution!
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