I’m a newbie but would love to have a system tailored to me.
Here is the basic gist of my system:
I want it to initiate a trade based on the short-term in comparison with the long-term trends, but only after a short-term fake-out. Let me explain what I mean…
Let’s say the long-term trend (1hr - 4hr - 1 day) is a decline in price/value. Now, on the 1m - 5m - (possibly 15m) windows, there has just been a big spike in the value. I want it to follow the long-term trend and SELL, but only after the first few decreases in price from the peak. So once it starts to move down on the 1 minute window a decent amount of pips, I want to sell! So i’m following the long-term trend after a short-term fake-out.
Second, I would like the program to automatically follow the trend if the 1minute, 15 minute, and 1 hour trends are all the same. So just go ahead and execute the order to follow that trend at set a T/P for X amount of dollars.
That’s it. That’s all I want in my system. Is it possible? I have a really fabulous indicator called the HAS and I’m assuming they could be used in conjunction somehow. Let me know if this is possible.