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.
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ความคิดเห็น

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
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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.
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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
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excellent
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how I can use this strategy in indian exchange like NSE and BSE scripts?
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Hi. Interested in access to the study. Great entries but where are the closes?
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hi so i have been running this with changes to the settings and have got great results across individual 1500 NYSE stocks to the point i now want to take it the next step and see what the paper trading looks like using it. is it possible to get access to the study with alerts as im keen to see what happens if i trade it across many shares simultaneous to see if i get the same results as the backtesting shows. also following you :)
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Great work
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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
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