Many traders are preoccupied with finding the perfect point and predicting the correct reversal points. While all this should be theoretically sound, it is quite difficult if not impossible to execute. The perfect entry point is assumed to be the exact spot where price reverses. While I have experienced predicting the right entry points using limit entry orders several times, it is hardly accurate. Tit, price would move against my position for several pips before it goes in my direction. Predicting the exact reversal point is like predicting the thoughts of thousands of traders. Not only are you guessing which direction they are taking, you are also predicting the exact figure where most traders would take the trade. Impossible, er det ikke?
Instead of guessing the exact reversal point, traders can more easily decipher the direction which the market is heading to. This is very evident in a trending market condition. It would be very easy to see that price is either trending up or trending down. Instead of fighting against the crowd and anticipating where the trend would reverse, it would be best to go with the flow of the market instead.
Wisdom of the crowd is basically the collective opinion of a group rather than a single expert. In the case of trading, instead of trying to be the “expert”, it is best to just go with the wisdom of the crowd, which is the market itself.
Heiken Ashi glattet
Heiken Ashi Smoothed is a trend following technical indicator which is based on the combination of the Heiken Ashi Candlesticks and moving averages.
The Japanese candlesticks have been the gold standard for charting price action for quite some time now. Men, another clever innovation has been developed yet again by Japanese traders. The Heiken Ashi Candlesticks is a technical indicator which plots a different type of candlestick. It retains the same highs and lows plotted by the Japanese candlesticks. Men, it also modifies the open and close of each candle based on the average of each candle. This creates candlesticks which change colors only when the short-term trend or momentum has shifted.
The Heiken Ashi Smoothed indicator on the other hand is much like the Heiken Ashi Candlesticks because it also plots bars on the price chart. These bars also indicate the direction of the trend by changing its color. Lime bars indicate a bullish trend, mens røde bjælker indikerer en bearish tendens. Men, its similarities end there. This is because the Heiken Ashi Smoothed indicator behaves more like the Exponential Moving Average (Ema). It plots bars which follow price action quite closely. This allows traders to see the actual price action more clearly based on the candlestick patterns, while at the same time identify the direction of the trend based on the color of the bars.
Den Heiken Ashi glattet indikator er en meget pålidelig tendens følgende indikator. It changes color only when the mid-term trend has clearly shifted directions and is not as susceptible to false signals much like other technical indicators. This makes it a very reliable trend reversal signal indicator.
Just like moving averages, the Heiken Ashi Smoothed indicator can also act as a dynamic area of support or resistance. During a trending market, price would often bounce off its area after a retracement.
TSR Execute Line
The TSR Execute Line is a custom technical indicator which is an excellent momentum indicator.
It identifies short-term trends or momentum based on a modified short-term moving average line. It then plots a line which identifies the movement of price action and indicates the direction of the short-term trend or momentum based on the color of the its line.
A yellow TSR Execute Line indicates a bullish short-term momentum, while a magenta line indicates a bearish short-term momentum.
Som navnet antyder, the TSR Execute Line can be used as a trade execution or entry trigger signal. Traders can identify or confirm trade entries based on the changing of the color of its line.
Handelsstrategi
Wisdom of the Crowd Forex Trading Strategy is a trend following trading strategy which combines the direction of the mid-term trend and short-term momentum to confirm an excellent trade setup.
Den 50 EMA line and the Heiken Ashi Smoothed indicator is used to identify the direction of the trend. This is based on the location of the Heiken Ashi Smoothed bars in relation to the 50 EMA linje, as well as the color of the Heiken Ashi Smoothed bars. Trends should also be visually confirmed by the trader based on the behavior of price action.
Price should then retrace or contract towards the area of the Heiken Ashi Smoothed bars. Derefter, price should create a momentum candle as price bounces off the area of the bars.
The TSR Execute Line should then confirm the momentum shift after the retracement based on the changing of the color of its line.
Indikatorer:
- (T_S_R)-Execute Line
- Heiken_Ashi_Smoothed
- 50 Ema
Foretrukket Time Frames: 15-minut, 30-minut, 1-time, 4-time og daglige diagrammer
Valuta Par: Hovedfag i FX, mindreårige og krydser
Trading Sessions: Tokyo, London og New York sessioner
Køb Handel opsætning
Løsning
- Pris handling bør være trending op.
- The Heiken Ashi Smoothed bars should be above the 50 EMA linje.
- The Heiken Ashi Smoothed bars should be lime.
- Price should retrace or contract towards the area of the Heiken Ashi Smoothed bars.
- Et bullish momentum lys skal dannes.
- The TSR Execute Line should change to yellow.
- Angiv en indkøbsordre på bekræftelsen af disse betingelser.
Stop tab
- Indstil stoptabet på støtten under indgangslys.
Udgang
- Close the trade as soon as a candle closes below the Heiken Ashi Smoothed bars.
Sælg Handel opsætning
Løsning
- Pris handling bør være trending ned.
- The Heiken Ashi Smoothed bars should be below the 50 EMA linje.
- The Heiken Ashi Smoothed bars should be red.
- Price should retrace or contract towards the area of the Heiken Ashi Smoothed bars.
- Et bearish momentum lys skal dannes.
- The TSR Execute Line should change to magenta.
- Angiv en salgsordre på bekræftelsen af disse betingelser.
Stop tab
- Indstil stoptabet på modstanden over indgangslys.
Udgang
- Close the trade as soon as a candle closes above the Heiken Ashi Smoothed bars.
Konklusion
This trend following strategy is a highly reliable trading strategy that could help traders propel their trading accounts to huge profits. Men, this strategy only works in a market that is clearly trending on the mid-term horizon.
The key to trading this strategy profitably is in correctly identifying the right trending market. In the right trending market, this strategy could produce two to three good trading opportunities. Some trends can allow for more good trade setups, however the likelihood of the market reversing also increases as the trend extends longer.
Forex Trading Strategies Installationsvejledning
Wisdom of the Crowd Forex Trading Strategy is a combination of Metatrader 4 (kr.) Indikator(S) og skabelon.
Essensen af denne forex strategi er at omdanne de akkumulerede historie data og handel signaler.
Wisdom of the Crowd Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Baseret på disse oplysninger, erhvervsdrivende kan påtage sig yderligere prisbevægelser og justere denne strategi i overensstemmelse hermed.
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How to install Wisdom of the Crowd Forex Trading Strategy?
- Download Wisdom of the Crowd Forex Trading Strategy.zip
- *Kopier mq4- og ex4-filer til din Metatrader-mappe / Eksperter / Indikatorer /
- Kopier tpl-fil (Skabelon) til din Metatrader-mappe / Skabeloner /
- Start eller genstart din Metatrader-klient
- Vælg Chart og Tidsramme hvor du ønsker at teste din forex strategi
- Højreklik på dit handelsdiagram, og hold markøren over “Skabelon”
- Move right to select Wisdom of the Crowd Forex Trading Strategy
- You will see Wisdom of the Crowd Forex Trading Strategy is available on your Chart
*Bemærk: Ikke alle forex strategier kommer med mq4/ex4 filer. Nogle skabeloner er allerede integreret med MT4-indikatorerne fra MetaTrader-platformen.
Klik her nedenfor for at downloade:
