Money Maker for Crypto and Forex Market

2 ביולי 2020

Hello , thank you for checking my strategy .
This strategy is suitable for short term trading on Crypto currency and " scalping " if this can be considered scalping when looking for 30-50-70 on Bitcoin for example. It Is good for Forex as well
Here we use two indicators called Price Action ( PA ) and Momentum Action ( MA ) . Both Indicators are available for use after personal request , i can allow trial test for 15 days period. For more details please write me PM.
Simple rules once the price drop bellow the PA indicator we have first Evidence for signal. Confirmation of the signal is coming when the Red Line from MA indicator also drop under 0 Level. ( is good 0 level to be bolt line for better and easier look ) . In Such case we have signal for Sale . The Sale / Buy Signal appear once bar is closed . If you monitoring Chart on 3H, 4H or Daily chart if you wait until full closing of the bar might be a bit late.
In this case i can suggest moving on lower time frame for finding better enter with lower stop loss.
The PA indicator have included in the code already MA indicator , but is good to have it visually attached on the chart.
The MA indicator has 2 lines .Red line is faster and more aggressive , the Blue line is slower . But Once the Red Line and the Blue line are in same direction the Price move is more powerful, the trend is accelerating. When the Blue line is bellow 0 Level and red line also drop bellow we expect stronger and longer trend

For Example signals :



When opposite way the price move across the PA indicator and goes up. In same time the Red line of MA goes from bellow to over 0 level we have confirmation for buy .
As shown on the picture.





All instruments Like Crypto / Forex / Future / commodity have different time zone activity and during some " Late Hours " or hours with slower activities the Indicators can provide falls signals.
Current setup of the Indicator PA is set to wait up 2 bars after Price drop under the indicator line and if within 2 bars we have drop over the 0 level in the MA indicator then signal appear.
This way we will try to reduce false signals.

To Avoid false signal i strongly recommend Visual Filtering as well. I mean when checking the chart and you can see that RED Line PA of is dropping bellow Zero level ,but the price is still Did not drop over the PA indicator .IF the current time is with low activity several bars can be made with small range and then drop appear, the signal will not appear as will be again the rule for 2 bars tolerance between both indicators.
in Such case to not miss any trade can check on lower time frame.
For Example here on 4H the MA red line dropped bellow 0 Level , the price still does not drop under the PA indicator line and we dont have signal for enter.



In same time we have short signal at 30 M frame
https://www.tradingview.com/x/qqjHbNQk/

When i mention Visual filtering as well is needed i mean following. In case you have Signal on lower time frames as M5 / M15 / M30 is good to see the PA indicator line on higher Time Frame as 3H,4H or Daily as this line will serve as support or resistance and very probably small correction to hit is possible . So the signal M5 / M15 could be quick and after 2-3-4 bars you would need to close or move Stop loss on 0.
As advice for Stop Loss can be the bottom or top of the previous bar or use any other convenient and safe for you .
PA indicator allow setting alerts so you can conveniently set Alerts BUY/Sale on your favourite frames for favourite instruments and this way you can be sure not to miss good opportunity for enter .
One more hint. PA Indicators sometimes show divergences as well so will be more strong signal if you see signal and the PA line is curved same way as the signal not still straight .
as shown here :
.

I will be glad to allow trial period 15 days for testing the strategy. If you have any questions please send me message here.
Thank you for checking