A Hull moving average is applied to the chart with settings for user to change the period of the Hull MA. And a value of a previous candle is compared to the HMA. If the HMA is above the previous candle value, then the strategy will buy. If below, it will sell. The default setting for the HMA is 50 and the Candle is D1 (Daily timeframe) So basically if the HMA value is greater than yesterdays candle open, buy. ( i use open as a price source to avoid repainting) This example is put onto ETHBTC chart and currency changed from default to BTC and Equity set to 1 BTC and commission set to 0.25% The ETHBTC chart seems to follow good old moving average more than other pairs. The strategy can be used on any pair and timeframes. A good idea for setting the HMA period is: small timeframe=big period, big timeframe=small period. range from period=3 to period=200 is about right, for charts from 4H to 1 minute. This HMA strategy is fairly simple, best to use other sources of information in combination with moving averages. And strict money management, risk/reward control is very important to any trading strategy. Not intended as stand alone strategy but has potential for bot use, i will publish a study version soon, for use with alerts and API bots.
@KasikaBoss, the only problem have is that the HMA is repaint. must make hide last bar to ignore the current bar for false signals. User can change settings to makje no repaint, but creates lag by 1 or 2 candle so use lower timeframe, high HMA period
SeaSide420
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@KasikaBoss, i think it is still usable info to add to a trading strategy. Even a Random Entry Direction Script can be profitable if the money management is good, with good control of Risk/Reward ratio. This strategy can help see trend direction in similar way to ichimoku.
KasikaBoss
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@SeaSide420, thank you for the response and the great work! Much respect!