Trend Finder Signals Tested 200 Times

3 years ago
164

Website: https://traderslanding.net
I test a video from the Power of Trading YouTube channel called “Trend Finder Indicator for Entry and Exit in Tradingview | Buy Sell Signal in Tradingview”. The thumbnail from this video promises 1) 100% Profitable, 2) Super ChartView, 3) Work All Time Frame, and 4) Free Available.

I put this system to the test to see what the real story is over a series of 200 trades spanning two time frames. I tested this on EUR/USD, but I suspect that this would perform similarly if not better on crypto charts.

This is a very simple system great for beginners or those who want to see clear entry signals on their chart. I have confirmed that all the indicators are freely available on TradingView.

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Trader’s Landing is a trading system review and education channel. By testing indicator-based trading strategies we are able to learn and understand a system’s performance by using a repeatable and clearly defined trading criteria that has a predictable performance through a series of many setups. These trading systems can be ported over to many instruments such as Forex (FX), Cryptocurrency (Crypto), Options, Stocks, or anything that has a chart and a significant amount of volume and market participants.

If you are looking for trading systems to test out on your own here is a playlist of systems that I like: https://bit.ly/SystemsILike

🔍 Link to my Testing Performance Spreadsheet: https://traderslanding.net/results/
📘 Link to my free backtesting spreadsheet: https://traderslanding.net/2021/08/15/26/
📊 Link to all indicators tested on the channel: https://traderslanding.net/indicators/
🏠 System Web page: https://traderslanding.net/2021/08/13/25/

Link to my Testing Performance Spreadsheet: https://bit.ly/TLResults

Timestamps:
00:00 - Start
00:30 - Indicators
00:48 - Long Examples
02:10 - Short Examples
03:16 - Test
03:44 - Testing Results & Equity Curve
05:00 - Trader’s Landing Score
05:10 - Optimization

System Specifics

Instrument: Euro vs. US Dollar (EUR/USD)

Time Frame: 1 Hour (H1) & 30 Minute (M30)

Indicators
Name: QQE (Qualitative Quantitative Estimation) Mod
Settings: Default
By: Mihkel00
Link: https://www.tradingview.com/script/TpUW4muw-QQE-MOD/

Name: SSL Hybrid
Settings: Default
By: Mihkel00
Link: https://www.tradingview.com/script/C3MlAWCw-SSL-Hybrid/

Name: Exponential Moving Average (EMA)
Settings: 200 Period
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/

Long Entry
Price above the 200 EMA.
QQE Mod showing a blue bar on the histogram.
SSL Channel is blue.
Candle is solid blue.
SSL Hybrid buy signal.

Short Entry
Price below the 200 EMA.
QQE Mod showing a red bar on the histogram.
SSL Channel is red.
Candle is solid red.
SSL Hybrid sell signal.

R:R
1:1 for half position.
After Target 1 is hit, move stop to break-even.
2:1 for the remainder of the position.

Where to place stop-loss
For Longs: Below the buy signal arrow.

For Shorts: Above the sell signal arrow.

Indicators tested on this channel so far:
ATR Bands, Donchian Channels (DC), Double Exponential Moving Average (DEMA), Dynamic Structure Indicator, Exponential Moving Average (EMA), Heikin-Ashi Candles, Ichimoku Cloud, Money Flow Index (MFI), Interstellar Buy/Sell, Interstellar Trend, Multi Timeframe EMA, QQE (Qualitative Quantitative Estimation) Mod, Relative Strength Index (RSI), SSL Channel, SSL Hybrid, Stochastic (STOCH), Stochastic RSI, SuperTrend STRATEGY, Time Segmented Volume (TSV), VuManChu Swing Free, Waddah Attar Explosion V2, Weighted Average Price (VWAP), Williams %R

Metatags
#StrategyReview #TradingSystem #TrendFinderSignals

Attribution
Power of Trading - Trend Finder Indicator for Entry and Exit in TradingView | Buy Sell Signal in TradingView
https://www.youtube.com/watch?v=jpf6MCuWzSc&list=PLYMns-bZXv7r3nnk0-YCIWvAzH4Cer6Ej
Car Crash from Mark Freeman #408
Licensed under Creative Commons
https://www.youtube.com/watch?v=JbBl6lefcu8

Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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