OPEN-SOURCE SCRIPT
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.
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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.