Range Filter + MA Strategy [Kintsugi Trading]

25 เม.ย. 2022

What is the Range Filter + MA Strategy?

This premium indicator was inspired by my desire to find and place high probability forex trades in any market, direction, or time of day.

Why Forex?

The Forex markets operate 24 hours, 5.5 days a week
Access to meaningful leverage
Ability to easily trade long or short
High liquidity

How to use it!

----- First, start by choosing a Risk/Reward Ratio and Stop PIP Size. -----

- Risk/Reward Ratio = If you have a .5 risk/reward, it means you are risking $100 to make $50.
- Stop PIP Size = How many PIPs will be representative of the max risk. i.e. - if you are risking $100 and you set the PIP stop to 10, that means 10 PIPs = $100.




----- Next, we set the Session Filter. -----

Set the Timezone and Trade Session you desire. If no specific session is desired, simply leave the box unchecked.



----- Next, we set the Moving Average Cloud. -----

Enter the Moving Average Type:

• Simple Moving Average
  
• Exponential Moving Average
  
• Hull Moving Average
  
• Weighted Moving Average
  
• Smoothed Moving Average
  

Enter the fast and slow Moving Average Period.
These inputs will determine whether the strategy looks for Long or Short positions.



----- Next, we set the Range Filters. -----

In combination with the Moving Average Cloud, the Range Filter will help us determine when to take a trade and in what direction.
The strategy is essentially looking for small reversals going against the overall trend and placing a trade once that reversal ends and the price moves back in the direction of the overall trend.
The Range filter utilizes confirmation between two entirely separate Range Filter calculations (or set them both equal to use one).

Each Range Filter is completely customizable by:

• Source Calculation (open, high, low, close, hl2, hlc3, ohlc4, hlcc4)
  
• Sampling Period
  
• Range Multiplier
  

----- Finally, we backtest our ideas. -----

After using the 'Strategy Tester' tab on TradingView to thoroughly backtest your predictions you are ready to take it to the next level - Automated Trading!
This was my whole reason for creating the script. If you work a full-time job, live in a time zone that is hard to trade, or just don't have the patience, this will be a game-changer for you as it was for me.

Auto-Trading

When it comes to auto-trading this strategy I have included two options in the script that utilize the alert messages generated by TradingView.
*Note: Please trade on a demo account until you feel comfortable enough to use real money, and then please stick to 1%-2% of your total account value in risk per trade.*

AutoView
PineConnector



Good luck with your trading!

28 เม.ย. 2022

เอกสารเผยแพร่

I wanted to add the following tags
- "kintsugi"
- "trading"
- "kintsugitrading"
- "pineconnector"
- "autoview"

And remove (for it all to fit):
- "movingaveragecrossover"

Nothing else is different. Also, it looks like I didn't space out 'Range' and 'Filter"

22 พ.ค. 2022

เอกสารเผยแพร่

How to create alerts:

For Trailing Stops:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "Order Fills Only" from the drop-down
3) Remove template message text from "message" box and place the exact text. {{strategy.order.alert_message}}
4) Click "create"


For Fixed Pip Stop:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "alert() function calls only"
5) I like to title my Alert Name the same thing I named it as an Indicator Template to keep track