What is it? A simple yet effective strategy ran on the 30m chart. This is a basic idea that can be expanded on using different indicator to either add signals or filter out certain bad signals!
The strategy consists of 1 fast moving average and 1 slow moving average. Both of these moving averages are the Hull Moving Average
What is the Hull Moving Average? The Hull Moving Average ( HMA ) is a directional trend indicator. It captures the current market conditions and uses recent price action to determine if conditions are bullish or bearish relative to historical data. The Hull is different from traditional trend indicators like the EMA and the SMA . It is designed to reduce the lag often associated with other MAs by providing a faster signal on a smoother visual plane.
How it works? When the fast HMA crosses over the slow HMA , we initiate a long signal, and when the fast HMA crosses under the slow HMA , we initiate a short signal.
Conclusion The power of simplicity is what makes this such a great core to use to build onto making something even better! The results were optimised to suit the most common market conditions seen today. ******** Not financial advice! ********
Oh, sweet! I like this. Any chance you can update or upgrade with a SL and TP? That would be great!
NoLimit777
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I'm getting a "study order" when adding the indicator to my chart, not sure why.
Crypto-Engineer
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many orders remain open:
Tuned_Official
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@Crypto-Engineer, I am not entirely sure what you mean by this, But if you mean the trades in the backtest, There are 2 trades that are open, And thats because these 2 trades have not yet received a close signal based on the market data that it was tested on.
Cyrus_tk
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Oh wow, Those results are also pretty good for something that simple! Thanks Tuned!