Trend following – Swing trading entry, screening of VZ
- W(Weekly tf): Screening for trend 10 vs. 20W EMA (can be optimized by 5, 10, 20, 50..).
- W(Weekly tf): Screening for price (close) crossing 20W EMA (can be optimized by 5, 10, 20..).
- D(Daily tf): Screening for MACD (close) crossing the Signal line (X-over in Up / X-under in Dn. -trends)
- Cherry picking: Copy the best results to a Hot-list that is observed in 4H + 1H charts, pending an entry trigger
Next step:
- create a screener for the entry trigger in 4H+1H
- Backtesting trading system based on the trigger
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TIMEFRAME(Weekly) // //-Indicators indicator0 = ExponentialAverage[10](close) indicator1 = ExponentialAverage[50](close) // //-Trend: DnTrendW = ( indicator0[5] < indicator1[5] ) UpTrendW = (indicator0[5] > indicator1[5]) // //Value-Zone, price retracement (Zone-level = Indicator20) indicator13 = ExponentialAverage[20](close) VZinDnTrendW = (close[0] >= indicator13[0]) VZinUpTrendW = (close[0] <= indicator13[0]) // TIMEFRAME(Daily) // //-A trending trend[W], correction[W])MACD-line crossing Signal-line[D] // indicator10 = MACDline[7,14,3](close) indicator11 = ExponentialAverage[3](indicator10) VZinUpTrendD = indicator10 >= indicator11 VZinDnTrendD = indicator10 <= indicator11 // TIMEFRAME(DEFAULT) // DnTrendSummary = DnTrendW AND VZinDnTrendW AND VZinDnTrendD UpTrendSummary = UpTrendW AND VZinUpTrendW AND VZinUpTrendD // //-DnTrend // If DnTrendSummary then myTrend = -1 else myTrend = 0 Endif // //-UpTrend // If UpTrendSummary then myTrend = 1 else myTrend = 0 Endif // //-Summary // If mytrend = 1 then Filter = 1 Elsif myTrend = -1 then Filter = 1 else Filter = 0 endif SCREENER[Filter] (myTrend AS "Lng.1|Sht.-1") |
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Thank you for this valuable stock screener. However, I can’t get bearish signals with the code (mytrend=-1)?
To “backtest” the signals, we could compare the actual Close with the Close when the signal occurred X bars ago in ProScreener.
Thanks for your advice, that is useful and I will study that option. I found that problem as well, and have developed it further. Are there any way that I can edit it online at this time ? (Or, alternatively how do I proceed ? )
You can send me updates through the form on the contact page: https://www.prorealcode.com/contact/
Thank you very much for your contribution!
Thank you ! Have you realised your “next step” ?
guten Tag, gibt es bereits die Aktualisierte Datei?
Gents – An update – I have been studying various trading approaches, as this one that is based on the moves in a trend, detecting triggers on the variations within. I was not able to find satisfactory repeatable and predictive outcome. As you know, here is where the money management kick in and the end-result comes form the balance between. If i may suggest a way forward, tweak the parameters on for example an instrument that by observations moves less random than often seen by forex and if successful in no less than 4 out of 10 triggers – the rest is done by money management. (I have moved over to more trend following on longer timeframes W and M to mitigate the stress of the trading “robots” as it took too much an effort to deal with it.) P