Hello everyone, We are proud to present you our "Straight Trend" Strategy. Strategy is use a specified timeline's opening price as reference and draw a line between the current price and trend line. Trend line is smoothed with last X times of highest and lowest values ( Donchian Methodology) in order to create less noise and fake alerts , therefore creates a channel of current prices time based opening price. The timeline can be adjusted according to your specifications in the settings. ------ Why opening price ? We are traders ,no matter what we do ,we always make a benchmark at the end of a day , week or at the end of a specified time line. Example : X commodity's price increased %15 in last days or Y commodity's price dropped %30 in last 2 weeks etc. etc. Thats why the opening price have a hidden and much more important role in our trading sessions. ------ After the channel is created we remove the unnecessary lines from our output by filtering the direction with closing price. IF the closing price is higher than Chanel reference price and direction goes upward the script gives you a BUY signal. The same methodology is applied for SELL operations.
When to Take Profit? We put a setting for profit percentage in scripts setting you can adjust the ratio as your choices.
When to Stop Loss or change direction of the trade? The Straight Trends previously mentioned channel's inverse line was set as STOP LOSS and direction changer in the strategy with "STR-X" Marker. Note : Strategy is much more effective with heikin-ashi bars due methodology of heikin ashi and with this bars it creates less signals with more accuracy, use at your own discretion. Please don't hesitate to write us if you need support or assistance, we also appreciate your feedbacks. Please be advised that this strategy is published with Educational Purposes and it is not a investment advice. Thank you in advance.
Note di rilascio
⋅
The Take Profit Section is expanded according to one of our followers request. TP-1st Section = %25 ,TP-2nd Section = %25 ,TP-3th Section = %25 and on trend reversal last %25 of commodity will be sold according to new logic. Good luck and good hunts guys.
Hello again I am very admiring of your script, I would like to get in touch with you is possible?
Oracle_Systems
⋅
@planete_trade, Hi , you can write us from here on DM , also you can find us on twitter , our website or telegram group. Thank you for your kind feedback.
planete_trade
⋅
Very good job ❤️
planete_trade
⋅
Good evening my friends I saw your great work and I congratulate you for that it's a good job, on the other hand I have a question I just wanted to know on what strategy this base this indicator or what is the logic behind that I could use to use on my meta trader
Oracle_Systems
⋅
@planete_trade, the strategy base is a uniq one that we created over a long time we dwelwe on trading. The base of the strategy is "follow the price until it changes the direction".
How can you follow the price ?? First you have to look for a starting point , in our strategy it is a specified time-date's opening price,please mark it as "x" and draw a horizontal line. Then we check the current price , if the price is low than x line then the trend goes to fall vice verse the trend goes to up it is the "direction" of the price.
Now we have a direction and a starting point but when to stop or when is the direction changes?? We set the opening price deviation as 21 bar behind because it was also the MA of the bollinger bands, therefore we will follow the partial methodology of bollinger bands.
Meanwhile we use the opening price x line as a marker just like a anchor with 21 bar period of high and low values, we use the donchian channel methodology. Therefore we create a channel just like donchian channel, donchian methodology is if the price hit the upper level or lower level of the channel make a trade and follow until it stops.
We use the uppper and lower levels of the channel as trend change and stop loss criteria. If the price hit upper level "buy" option is activated and chanels x line switch to lower line therefore act as a stop loss value.
Most of the traders ( almost %99 of them ) track the close price and make their strategies bsed on it... But at the end of the day when they are check the results they say "i gained %5" or "i lost %2" etc. We dont focus on "close price" at the end of the day , we focus on "opening price" No matter where the price go we follow it , therefore we dont lose. Also please check the results with heikinashi bars, it created less noise ( normal bars 150 trades , heikinashi bars 50 trades ) it was more accurate and have less in-out's and that means less commision's.. Also please be advised that this strategy is optimised for "FUTURES" trading not for "SPOT" trading. The purpose of the strategy is to gain on every change of the price, the more volatility the more is the profit. I hope this will be helpful in order to understand the techniq and methodology behind the strategy.
planete_trade
⋅
@Oracle_Systems, I would like to congratulate you again on this is a magnificent system that you have created here, Thank you also for your answer it was very useful I understood everything. God bless you ❤️🙏