Hi...
I am surprised that in trading world cycle studies are used relatively less with respect to other strategies. I want to test an idea in my mind which is based on cycles study. I am inspired by an article on Timing Solution software website. I wanted to find that article and reference it here but i couldn't find it again. When i find it i will share. Here are the details of the Strategy;
I am surprised that in trading world cycle studies are used relatively less with respect to other strategies. I want to test an idea in my mind which is based on cycles study. I am inspired by an article on Timing Solution software website. I wanted to find that article and reference it here but i couldn't find it again. When i find it i will share. Here are the details of the Strategy;
- By using Timing Solution software i will find 5 dominant cycles on three different time frames. (1d, 1h & 5m) Software produces composite of these cycles and produces two projection lines. When these two lines starts to show same direction this will be the set-up of a trade. At this point i will use an indicator called Smoothed Momentum to see the strength of current movement. If Smoothed Momentum interpretation supports trade set-up then trade will be triggered.
- To determine the cycles considerable time of historical data use (for daily and 1h not less then 10 years. However i have difficulty to have historical data for 5m time frame so for most pairs few months of data usually will be used). After finding cycles i will keep some testing period because i want to see that cycles are work or there is an inversion takes place.
- I will also follow two astro cycles which can be helpful to determine the trend strength. First one is Composite Cycle of Geocentric Cycles of Solar System Planets, Moon and the Node. Second Cycle is Moon Geo Position which is in my experience very strong Cycle.
- I want to make 1.000 trades with a real money (Demo account is boring. Small but real money motivate to keep on going) and review the results if I can survive and not bored (ok i have some problems of being patient- bad habit for a trader )
- My trades will be intraday
- Time Frames Daily, 1h and 5m i follow
- Forex Pairs I follow: EUR/USD, EUR/GBP, EUR/CHF, EUR/JPY, USD/CAD, AUD/USD, AUD/JPY, GBP/CHF, NZD/USD, USD/JPY and CHF/JPY
- Exit Strategy: TP= 50 pips SL= 30 Pips Time Stop = One of Cycles turn Opposite Direction
Because i cannot reach my computer and charts every time in a day i can miss many chances in a day.
I first time try such a thing and i have some poor English. So forgive my errors.I want to try this strategy in a forum to keep discipline and improve it with feedbacks.
GOOD LUCK TO ME:nerd: