HMA indicator - Advice on filtering inpu
Hi everyone I always welcome trading via simple rules that mathematicians and economists cannot understand (like trigonometric arbitrage etc.). The simpler, the better.
Recently, I often trade on indi НМА14.
I asked the brightest minds in FF for advice on filtering the input (and possibly the output). The percentage of successful trades is already good, but I would like to improve it. The HMA indicator is often mentioned on forums. But these are rules in a different context. I switch like this:
Entry point - HMA (TF H1) The color changes and on the candlestick (where the color changes) I place a stop loss pending order on the edge of the candlestick with a small indentation. Then I don't care where the price goes. I put SL on the levels in reverse order. When one of the orders is triggered, I increase the lot size of the second order (on the contrary.. the position has not yet been opened) to compensate for the loss. Generally speaking, the number of such repetitions is no more than 2-3 times.
Exit - I close the order at the recent extreme level. There, the price reaches the guaranteed value (although it usually goes further). If there are no extreme values nearby, then I start from ATR (usually 100% ATR). I also use two rules for filtering: 1. I don't trade inside candles (it's better to place orders under the borders of the previous candle or not trade at all) 2. Be careful when trading large candles (either don't trade or reduce the volume).
It is necessary to: set an additional filter for entries (to minimize false entries and unnecessary lot doublings) and improve (increase) exits.
Thank you in advance for your smart ideas
Recently, I often trade on indi НМА14.
I asked the brightest minds in FF for advice on filtering the input (and possibly the output). The percentage of successful trades is already good, but I would like to improve it. The HMA indicator is often mentioned on forums. But these are rules in a different context. I switch like this:
Entry point - HMA (TF H1) The color changes and on the candlestick (where the color changes) I place a stop loss pending order on the edge of the candlestick with a small indentation. Then I don't care where the price goes. I put SL on the levels in reverse order. When one of the orders is triggered, I increase the lot size of the second order (on the contrary.. the position has not yet been opened) to compensate for the loss. Generally speaking, the number of such repetitions is no more than 2-3 times.
Exit - I close the order at the recent extreme level. There, the price reaches the guaranteed value (although it usually goes further). If there are no extreme values nearby, then I start from ATR (usually 100% ATR). I also use two rules for filtering: 1. I don't trade inside candles (it's better to place orders under the borders of the previous candle or not trade at all) 2. Be careful when trading large candles (either don't trade or reduce the volume).
It is necessary to: set an additional filter for entries (to minimize false entries and unnecessary lot doublings) and improve (increase) exits.
Thank you in advance for your smart ideas
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