Powerful core strategies
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Price Action Trend Following
Customizable strategy for you to configure for the index and timeframe of your choosing as-is or with additional filters/indicators/code. Major parts of the code is hidden.
Step into the world of the "Price Action Trend Following Strategy," meticulously crafted to navigate the complexities of financial markets with unmatched simplicity and precision. In an era where the trading landscape is frequently entwined with intricate formulas and predictions, this strategy champions the sheer potency of clearly delineated edges, a keen sense of price action, and the timeless wisdom of trend following.
This unique blend promises to outshine the conventional buy-and-hold techniques that have dominated trading charts for years. A core belief of the Price Action Trend Following Strategy is that trading need not be an entangled web of hypotheses and convoluted indicators. Instead, it offers a distilled, straightforward approach rooted in recognized trading edges. It cuts through the haze of market predictions, favoring a transparent path: riding the trend.
What are the strengths of this core strategy?
Stringent Risk Management
Optimal Risk:Reward based stop loss
Time Zone Independent
Avoidance of Overfitting
With a BSc in Business Information Technology, Juan traded a 7-year career as a Systems Analyst for full-time trading. Through logic and methodology, Juan's created numerous successful trading systems and indicators. His contributions to ProRealTime are a testament to his expertise, making him a respected figure in the community.
Potential gains are optimized while risks are prudently mitigated
Central to this strategy is the accent on exploiting sharply defined trading edges. The philosophy here is unambiguous – allow the price action to be the guiding light. There's no room for dithering or second-guessing; traders are encouraged to adhere unwaveringly to the laid-out plan. Furthermore, the strategy underscores the critical nature of timing in trading. Recognizing the pivotal moments for entry and exit ensures that potential gains are optimized while risks are prudently mitigated.
Consistent across multiple markets and multiple timeframes
The functional mechanisms of the Price Action Trend Following Strategy are crystalline. If market direction appears ambiguous or seems adversarial, the strategy recommends staying out, epitomizing simplicity in its purest form. It doesn't aim to foretell the fickle tendencies of the market. Instead, when the trend corresponds with predefined criteria, long positions are endorsed. Conversely, short stances are taken when the situation necessitates.
Which are the settings to optimize?
Large parts of the cose visible
The core strategy uses a number of different indicators and filters in order to make those perfect trades. These indicators and filters have to be optimized for your intended timeframe and market.
It's also recommended that you think about the trading hours of your system and make sure that the spread you use when developing the algo, aligns with the average spread of the index during the hours your algo is trading.