Trend Trading -guess what it contains

[DataRam]

hi VIJAY

here it is

test it minimum 30 times to confirm the rules work for you.
tHE KEY IS TRADE WITH MAIN TREND-LOW GMMA GROUP,AND TRADE WITH INTERMEDIATE TREND-EMA20-30 RIBBON IN COLOR and finally take a long trade on 4 hour tf after hma5 goes below hma12 and rises above hma12-called a V-hook.No trades to be entered aftr hma12 turns sloping down. Trend confirmation comes from LONG MACD(30,60,30) TO BE kept in lower chart.when macd crosses above signal line-long zone begins. Dont forget lifeline of trading-your stoploss line-draw it at a point where ema20-ema30 ribbon crosses gmma slow group highest point and measure RISK from there to LONG entry candle and project an equal target from ENTRY. Just aim for 1:1 RR.Remember be fast to move stop to breakeven once price moves above it .

//http://www.wisestocktrader.com/indicators/3838-trendtradingbp-4hourly


//trendtrading bp h4 timeframe
//coder:courtesy:RameshVelidi, email:[email protected]
//gmma BASED simple Code USES HULL MOVING AVERAGE 5 AND 12
//AIMS SHORT QUICK TRADES on H4
grid_day = IIf(Day()!=Ref(Day(),-1),1,0);  
Plot(grid_day,"",colorOrange,styleHistogram|styleDashed|styleNoLabel|styleOwnScale);
//==========================
SetChartBkColor(64);
SetChartOptions(0, chartShowArrows | chartShowDates);

Plot(C,"close",IIf(Close > Open,colorWhite,colorRed),styleCandle);

FastMAColor = ParamColor("Fast Group MA Color", colorGreen);
SlowMAColor = ParamColor("Slow Group MA Color", colorRed);

EMA20=EMA(C,20); EMA30 =EMA(C,30);

Plot(EMA(C, 20), "", colorCustom12, styleThick);
Plot(EMA(C, 30), " ", colorYellow, styleThick);
Plot(EMA(C, 35), " ", SlowMAColor, styleLine);
Plot(EMA(C, 40), " ", SlowMAColor, styleLine);
Plot(EMA(C, 45), " ", SlowMAColor, styleLine);
Plot(EMA(C, 50), " ", SlowMAColor, styleLine);
Plot(EMA(C, 60), " ", SlowMAColor, styleLine);

//==============================================
//HMA5  HULL MOVING AVERAGE
array = Close;
period= 5;
function HMA_AFL( array, period ) 
{ 
 fast = WMA( array, period / 2 ); 
 slow = WMA( array, period ); 
   
 return WMA( 2 * fast - slow, sqrt( period ) ); 
} 
Plot(HMA(Close,5),"HMA(C,5)",colorBrightGreen,styleThick);


_SECTION_END();

//=============================================================



HMA12 = HMA(C,12);
E2030COLOR = IIf(EMA20>EMA30,colorDarkGreen,colorDarkRed);
PlotOHLC(EMA20,EMA20,EMA30,EMA30," ",E2030COLOR,styleCloud);


//HMA12  HULL MOVING AVERAGE
array = Close;
period1= 12;

{ 
 fast = WMA( array, period1 / 2 ); 
 slow = WMA( array, period1 ); 
   

 HMA12 = WMA( 2 * fast - slow, sqrt( period1 ) ); 
} 
Plot(HMA(Close,12),"HMA(C,12)",colorRed,styleThick);
_SECTION_END();

_SECTION_BEGIN("HMA  HULL MOVING AVERAGE1");

//note you can use HMA5 & HMA21 also if it suits you.

Hi Ford ,

Thanks for sharing.

Out of many Rainbow AFL's , I liked this one quite very much.

I visually tested the entry signals at support and resistance levels. The signals seem to be quite fast.

Will test it in Live market .

 

[rookietyagi]

Dear KelvinHand...Do you have this system for MT4 also..?

 

[KelvinHand]

Dear KelvinHand...Do you have this system for MT4 also..?

OMG! You did not even know that i given out the system in MT4 ?
What a waste.

 

[amitrandive]

Great Sharing Ford:clap:

 

[XRAY27]

HI
A FRIEND OF MINE TESTED
WOLF WAVE AND TREND TRADING.
WOLF WAVE -HE LOST MONEY
TRENDTRADING-HE MADE PROFITS.

Why this thing happens this way?
it goes like that becoz when you go after a low probability method,and with lack of indepth understanding, you tend to loose the game.

when confusion enters,frustration follows soon.
There is no bigger thief like market.it gently steals everything including underwear!

Great words

 

[rookietyagi]

Sorry Boss...Didn't open then file by that time...:rofl:...My Miss..

Thanks for Sharing..

 

[XRAY27]

tell me about some reliable indicator or oscillator if any

 

[XRAY27]

sirji iam great follower of you...
these are very good words thought of buying stockxray afl but with knowledge here i made some simple system (off course in testing mode)