Swing Trading - Wave Trend + Force Index

2 years ago
441

Website: https://traderslanding.net
I explain and test a swing trading strategy that was proven profitable over a series of 100 consecutive trades. This strategy uses free TradingView indicators to determine setup entries, exits, and stop-loss placement. Finally, I give it a Trader’s Landing Score and provide some ideas on how to make this trading system better.

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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.

✨ A Playlist of Systems I Like: https://bit.ly/SystemsILike
⚠️ Be sure to do exhaustive backtesting and forward testing before you actually start trading real funds. For your convenience below is a link to the official Trader’s Landing backtesting spreadsheet and tutorial video.

🔍 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/2021/08/24/29/

👍 See a trading system you would like tested on this channel? Be sure to let me know, including links where you found it, and any other pertinent information. In many ways you are the eyes and ears of this channel.

⏱️ Timestamps ​​⏱️
00:00 - Start
00:26 - Indicators
01:41 - Long Examples
02:41 - Short Examples
03:29 - Test
03:39 - Testing Results & Equity Curve
04:23 - Trader’s Landing Score
04:35 - Optimization

⚙️ System Specifics ⚙️

🎹 Instrument: EUR/USD

⌛ Time Frame: H4

👀 TradingView Indicators
Name: WaveTrend Oscillator [WT]
Inputs: Default
By: LazyBear
Link: https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/

Name: Force Index
Inputs: Default
By: HPotter
Link: https://www.tradingview.com/script/9dtFGDnv-Force-Index/

Name: Double Exponential Moving Average (DEMA)
Inputs: Timeframe - 1 Day, Length - 100, Source - Close
By: TradingView Built-in
Link: https://www.tradingview.com/chart/?solution=43000589132

☝️ Long Entry
1. Price above the DEMA
2. Enter on candle that closes when the Wave Trend crosses up from the zero line and the Force Index is above the 0 line.

👇 Short Entry
1. Price below the DEMA
2. Enter on candle that closes when the Wave Trend crosses down from the zero line and the Force Index is below the 0 line.

🔥 Risk to Reward:
1:1 for the first half of the position.
When 1:1 is hit move stop to break-even.
Target 2:1 for the remainder.

🛑 Where to place stop-loss
For Longs: Previous swing low.
For Shorts: Previous swing high.

🚀 Where to take profits
For Longs: 1:1, 2:1
For Shorts: 1:2, 2:1

🇺🇳 Captions Available in: Arabic, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Malay, Norwegian, Polish, Portuguese, Punjabi, Russian, Spanish, Thai, Vietnamese.

📊 Indicators tested on this channel so far:
ATR Bands, Donchian Channels (DC), Double Exponential Moving Average (DEMA), Dynamic Structure Indicator, Exponential Moving Average (EMA), Force Index. 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, Wave Trend Oscillator [WT], Weighted Average Price (VWAP), Williams %R

Metatags
#StrategyReview #TradingSystem #SwingTrading

Attribution
Surfer Video licensed under Creative Commons: https://www.youtube.com/watch?v=WZKgyTQn9J0

Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice. Seek a licensed professional for investment advice.

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