Very Simple Silvertrend Method

EDIT: It seems silvertrend is repainting too... rha I need to find something else ^^

On my journey to the non-existent Holy Grail, I did a lot of testing (forward, backward)

I found a known indicator Silvertrend very interesting, but it requires a small additional filtering, I tried to write in it but failed to do so (but I think it is very simple)

For this strategy you only need one indicator (attached - with some modifications using the filter option which doesn't work atm - I have an alert function)

This strategy works well for 15 minutes and longer.

Apply the indicator to your favorite pairing (popular pairings are better) using default settings (you can change the width of the lines for better viewing - I modified the indicator so it has good settings)

Your chart should look like the attached compression chart (entries and exits occur at the open of the next candle after the arrow)

Now what you are looking for to buy (and sell in the opposite direction of course) is a bull candle that closes inside the silver trend channel and the blue line is flat or up (not down)

The exit strategy is also simple.

Exit when your short candle closes outside the channel, or when your short candle opens outside the channel and closes inside the channel.

Also exit when the blue and red lines cross.

Please take a look at the attached zip file for an idea.

IMPORTANT: Do not open a trade when the blue and red lines are not far apart (the distance depends on the TF, of course I haven't found the correct distance for each pair/TF yet)

Reentry rules are the same as inbound rules

Tell me what you think about this.