This strategy uses 4 primary indicators with an optional 5th indicator. It is meant for 4h and higher timeframes such as 6h and 1D. Not back tested for shorter timeframes. Arrows and trendlines mark entry/exit examples.
- Parabolic SAR - Williams %R or Stochastic Oscillator (14,3,3); both are the same exact line. - Williams Awesome Oscillator - Williams Accelerator Oscillator - Chop Zone (May be used for additional confirmation); in this chart, SARs were adapted to use CZ for their colour.
Short Entry: - SAR is above bear candle - %R/%K is pointing down but not oversold - Awesome Oscillator is red with at least 1 prior red if above nought line or red below nought line - Accelerator is red with at least 1 prior red if above nought line or red below nought line
Long Entry - SAR is below bull candle - %R/%K is pointing up but not overbought - Awesome Oscillator is green with at least 1 prior green if below nought line or green above nought line - Accelerator is green with at least 1 prior green if below nought line or green above nought line
Take Profit - If in profit at the end of the day - Receive an opposite signal - Between +50 to +100 pips - Trailing stop
Stop Loss - On the SAR - Short: Swing High - Long: Swing Low - High/Low of prior candle - Trailing stop
Shouldn't your last buy signal be more candle to the left? According to your rules the AO prior candle is red not green. Looks nice anyway !
coinflip
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oops, correction, last buy signal should be on more candle to the RIGHT not left.
miyako.pro
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Yeah. I had noticed that after it was published that I had it early. Mainly a tendency of mine to enter early if I feel like the position will be in favor next candle. TV unfortunately doesn't let me edit the published chart to move it. Really though so long as the majority of the signals align, should be good. Strongest signal is when all of them align, at least the sar's + oscillators. Chopzone is an extra I like to keep on now.