Feedback on Trading System

I built a forex trading strategy recently for a friend, and wanted to share it / get some feedback on it, as most of the systems I build trade stocks and are more fundamental/macro based!
The system was inspired by this forexfactory post: but I've made a few changes.
The Filter:
I didn't like the proposed TMA slope indicator as the calculation and cutoff values seemed too arbitrary to me, so I take the 5 bar ROC of an EMA and smooth it. I divide this value by its standard deviation to scale it for higher timeframe analysis. I take the value of this adjustedSlope at the 4H, 1D, 1W timeframes, and sumproduct them with weights of 40%, 30%, 30% to give a little more strength to recent movements. I call this the overallSlope (for future reference).
I describe the the market regime under these rules:
(overallSlope > overallSlope[1] and overallSlope > 0) = bullish
(overallSlope < overallSlope[1] and overallSlope < 0) = bearish
(overallSlope > overallSlope[1] and overallSlope < 0) = neutral
(overallSlope < overallSlope[1] and overallSlope > 0) = neutral
Just like the system from ForexFactory, only long trades can be taken if its bullish, only short trades can be taken if its bearish, and either trade can be taken if its neutral.
The Setup:
I believe this portion is identical to the original stated system. Take the 50 bar Triangular Moving Average on the 4H timeframe, where the UpperBand is TMA + (2.5 * H4ATR) and the LowerBand is TMA - (2.5 * H4ATR).
If the market regime is bullish/neutral and the price has traded below the Lower Band then we're setting up for a buy and vice versa with a bearish/neutral market regime and price trading above the Upper Band.
I'm considering switching this to Median Absolute Deviation Bands as I like using the modified Z Score but I'm unsure of applying it directly to a price series instead of indirectly through an indicator or factor, I assume the median isn't very effective due to the actual series drifting, where as its (more) static when applied to Earnings Yield or something.
The Trigger:
For the trigger I'm on the 1H TimeFrame using the MACD histogram crossing 0, but the MACD is based on the Jurik Moving Average instead of the standard. A couple years ago when I first started getting into programming and playing forex, the JMA was something I stumbled on and wrote up and I really like it, it's very effective and smoothing a series, allowing the use of shorter lookback values without the MA being too "jittery".
On the losing side, at open a stop loss is placed at (2 * H4ATR) below(above) the low(high) if we're going Long(Short). I'm currently split between two exits on the profit side. Right now my current exit criteria for a hypothetical long position is a bearish MACD Histogram crossover while we are above the TMA (the "midline"). The other strategy I'm considering is half off at the midline and the other half off at the Upper Band, but I think this isn't great because it can reverse and hit the stop effectively nulling the trade.
Risk Management:
For the risk management of the system I'm using position sizes standardized to risk 3% of the account on each trade by calculating how far away the stop is, and scaling the # of units until $risk = AccVal * .03.
Additional Comments:
As of right now I only have it fully coded on TradingView and I've made sure to use open prices for everything to avoid? (not sure if this completely handles this issue, please let me know) lookahead bias and I'm in the process of translating my code into my backtesting system but a lot of what I've built is equity related so I have some work to do to get it running right for forex. In TradingView I have it plot the Entry, Stop, and two targets, and the background shifts based on if it's long/short/flat.

I look forward to any thoughts or comments y'all may have, thanks for reading!
submitted by ilovemygirlfriend69 to Forex [link] [comments]

TMS Slope Indicator And Alerts - YouTube TMA Indicator Real IQ Option Tradings (Free Download) Tma Slope – indicator for MetaTrader 4 TMA indicator 3 types of entries in EA MPGO v 3.0.7 - YouTube Abiroid Extreme TMA System Arrows And Scanner Dashboard ... Forex parabolic mutitimeframe trading system with tma slope custom indicator THVTrix, TMASlope and THV4 Coral Forex Trading System

TMA Slope Indicator can be applied to trade all kinds of forex currency pairs within the financial markets. In addition, it suits all sorts of timeframe charts of the MT4 trading platform allowing you for both scalping and day trading. Contents hide. TMA Slope Indicator Overview. Explanation. TMA Slope Indicator: Buy Conditions. TMA Slope Indicator: Sell Conditions. TMA Slope Indicator ... Free trading indicators-TMA Slope is a good technical indicator. FOREX(Foreign Exchange) is the biggest market in the world. Always good Forex indicators help to identify about Forex market liquidity. With fundamental analysis. 10.2 TMA slope indicator is the best tool to clarify market strength and give it good promising to where you want to enter a trade. Don’t enter to trade with Ranging ... You can also apply the TMA slope indicator to the forex markets as well. But the effectiveness of this indicator basically depends on how strong the trends are in the currency pairs that you are applying them to. Due to the fact that the TMA slope indicator can be applied across any time frame it can be used in both multi-time frame analysis as well as in day trading the markets if you choose ... The TMA Slope Indicator for MT4 The TMA Slope Indicator is a custom Indicator which works as an oscillator. It is visually appealing, and the Indicator plots buy and sell signals as and when the oscillator cuts across the zero line. The TMA slope can be used as a trend determination Indicator and it also captures the big and small movements ... TMA Slope indicator (non-repainting version).. Forex MT4 Indicators – Download Instructions. Tma Slope MT4 Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.. Tma Slope MT4 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. TMA Slope Indicator is a MetaTrader 4 (MT4) indicator that can be used with any Forex Trading System for extra confirmation to enter or exit a trade. This indicator works with all currency pairs and all timeframes. Once you download and install the indicator, it will appear in your trading chart, like the image shown above. CLICK HERE TO DOWNLOAD » Categories Forex Indicators Tags Free Post ... The TMA Slope MT4 Indicator is a popular trading indicator with many trading systems integrated within it. The TMA slope indicator is useful as it plots on the sub window as a histogram. Visually, the TMA Slope MT4 Indicator is known capture price action with relative ease and seems to work better than any other technical indicator/oscillator out there.

[index] [4247] [8944] [14953] [13627] [28052] [26849] [20232] [1687] [8359] [10652]

TMS Slope Indicator And Alerts - YouTube is a compilation of free download of forex strategies, forex systems, forex mt4 indicators, forex mt5 indicators, technical analysis and fundamental analysis in forex trading. Live Forex Trading - EURUSD, AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY UFX Trend Scalper 117 watching Live now How to Copy and Paste Ads and MAKE $100 $500 DAILY! Download link forex parabolic mutitimeframe trading system with tma slope custom indicator ... average,hull moving average,slope,average,moving,forex moving average,forex moving average ea ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. This is a non-repainting indicator based on the Extreme TMA System (Triangular Moving Average): Get extra Indicators from: THVTrix, TMASlope and THV4 Coral Forex Trading System can be sued for any currency pair and this is for 1 hour time frame chart. The indicators used in this strategy are THV Trix V6.01 ☑️ Download Forex Robots - visit site http://FXPIP.ONE ☑️ mail: [email protected] ☑️ Channel in Telegram ☑️ Best FX brokers ...