☞ Forex Software I use to back test everything
☞ Learn how to build & back test algorithms
☞ No Nonsense Forex Training Guide
Algorithm /ˈalɡərɪð(ə)m/
A step-by-step procedure that must be followed in a fixed order for accomplishing some end result.
Forex Algorithm
1.) ATR (what is the ATR?)
2.) Baseline (what is the baseline?)
3.) Primary Confirmation Indicator (what is this?)
4.) Secondary Confirmation Indicator (what is this?)
5.) Volume Indicator (what is volume?)
6.) Exit Indicator (what is the exit indicator?)
Metal Algorithm (incl/ Oils, Index ETFs, or Crypto)
1.) ATR
2.) Baseline (not used) – what does this mean?
3.) Primary Confirmation Indicator
4.) Secondary Confirmation Indicator
5.) Volume Indicator (used only for price reversals)
6.) Exit Indicator
Get started – download / back test this algorithm.
ATR Calculator (Auto calculates the Take profit/Stop Loss)
Baseline: Kaufman_ama_averages_filtered_ATR Bands
Primary Indicator: BH-ergodic-mtf-arrows
Secondary Indicator: Absolute Strength Histogram
Volume Indicator: WAE_Ext
Exit Indicator: QualitativeQuantativeEstimation
After you have downloaded and set it up: Back test with below tools.
☞ Forex Software I use to back test everything
☞ Learn how to build & back test algorithms
☞ No Nonsense Forex Training Guide
Want more indicators, Let’s go!
☞ Essential Strategy Flow Charts
No Nonsense Broker
(All forex pairs, All Metals, Oils, Indices, and MT4)
Why this broker is the best after sifting through so many?
PRIMARY PROP FIRM
By far the best beginner prop firm is the 5%ers for no nonsense traders that want the lowest fees and lenient rules to follow.
Evaluation : 6 months to earn 6%＝Pass
Check out the 270USD plan here: www.the5ers.com
☞ Compare the 5%ers with other prop firms.
Bitcoin Algorithm (and other cryptocurrencies)
A new update will allow Cryptocurrency Algorithm (Bitcoin & Eurotheum) to be back tested using the software simulator.
Cryptocurrencies are very new for me but I decided to buy some and after a lot of research I recommend this platform: www.coinbase.com
Since a cryptocurrency algorithm would be new territory for this method, I am trying with all of the elements of a forex algorithm.
Bitcoin Algorithm
1.) ATR
2.) Baseline
3.) Primary Confirmation Indicator
4.) Secondary Confirmation Indicator
5.) Volume Indicator
6.) Exit Indicator
I will post my results as I go along.
-Dave