Hi people,
need help for entry and trade management conditions.
Thank you in advance.
Would like to keep the bot as simple as possible, but framework should use the Heiken Ashi, because having good results for solo testing, but need to add some filter.
Currently building simple trend following/momentum based system using Heiken Ashi, ADX and Parabolic.
For Entry conditions,
Buy conditions , Di+ crosses -Di as a trigger. Then ADX should go above 20.
On Heiken Ashi Bullish Candle for lowest point, bot should buy.
Sell conditions , Di - crosses Di + as a trigger. Then ADX should go above 20.
On Heiken Ashi Bullish Candle for lowest point, bot should buy.
The system would work on its own but to prevent tight or ranging conditions using the ADX value as filter to enter by momentum.
Found that moving average would give false signals, because price fluctuates around normally, and would help that price must be above MA for entry because sometimes trigger appears earlier below.
For trade management looking for Heiken Ashi opposite candle, but to prevent little retracement but trade would still be valid using parabolic sar to indicate final closing of position.
For entry conditions using modify variable for adx because got the tip from earlier project that it must appear different time than other condition to be valid, but bot somestimes doesnt trigger at all.
Somebody got any idea why?
