Trend Follow Daily

שלשום

Hello,

here's a simple trend following system using D timeframe.

we buy at the close when:

market is been raising for 2 days in a row, current close is higher than previous close, current low is higher than previous low, current close is higher than previous close and the current close is above 21-period simple moving average.

we sell at the close when:

current close is higher than previous day's high.

Strategy works best on stock indices due to the long-term upward drift.

Commission is set to $2.5 per side and slippage is set to 1 tick.

You can adjust commission for your instrument, as well play around with the moving average period.

Moving average is there to simply avoid periods when market is the selloff state.