mql5

Contents

• Introduction
• Defining the task when creating a trend following strategy
• Trend strategies
  
  • Strategy #1. The ADXCloud indicator with a confirmation from RSI drawn as a histogram.
  • Strategy #2. The Standard Deviation trend indicator drawn as a histogram with RVI used for confirmation.
  • Strategy #3. A cloud interpretation of AC by Bill Williams and a combined Bears Power - Bulls Power indicator.
  • Strategy #4. Ehlers' gravity center with a confirmation by the average price speed indicator.
  • Strategy #5. A complex Binary Wave indicator.
  • Strategy #6. A complex Weight Oscillator combined with LeMan Objective.
  • Strategy #7. Donchian channel combined with MACD, in which the price series is replaced by Williams' AO values.
  • Strategy #8. Schaff cyclical oscillator with a confirmation based on three Tyrone levels.
  • Strategy #9. Keltner channel drawn as a histogram and the iTrend indicator drawn as a cloud.
  • Strategy #10. The Average Change price momentum and the MA fan FigurelliSeries.
  
  
• Testing
• Conclusions
• Conclusion

Strategy #5. A complex Binary Wave indicator.

The first four strategies were based on the model of selecting a combination of the main indicator showing the trend, and an additional confirmation signal. In this strategy, I decided to use another scheme base on one indicator: Binary wave. It looks like an oscillator, but in fact it visualizes the result of signals generated by seven indicators, including MA, MACD, OsM, CCI, Momentum, RSI and ADX. It is a full-featured trading strategy with a flexible system of parameters. In addition to the standard sets of parameter for the selected indicators, weights are additionally used here to show the effect of a particular component.