System Messages

This forum is for members of the Apiary Investment Fund. To learn more about how to get involved, sign up now or fill out the form below and preview the training right now!

Triple Convergence strategy

 
Back to Forums
 
 
Dreamer

Triple Convergence strategy

Strategy name: "Triple Convergence" (2 EMAS, MACD, STO)

Pair : ANY
Timeframe : tested with success on 15M chart for one month on EURUSD (January 2001, 83%/17% win/loss ratio, 27.10% return)

Indicators : EMAS 34, 55, 200 (200 EMA is used for stop loss) ; MACD 26,12,9; Stochastic 5,4,3; Bollinger Bands 20,2

BUY when "55 EMA is higher than 34 EMA" AND "MACD fast is higher than MACD slow" AND "STO fast is higher than STO slow" = triple convergence
SELL when "55 EMA is lower than 34 EMA" AND "MACD fast is lower than MACD slow" AND "STO fast is higher than STO lower" = triple convergence

ENTRY trigger = triple convergence to BUY OR SELL
Exception : don't open trades when pair price is in the zone between 34/55 and 200 EMAS or when indicators are too close and "flat"

EXIT strategy : 
TAKE PROFIT target : latest pivot high / low. INCREASE as soon as trailing stop loss is higher than breakeven and CONTINUOUSLY thereafter.
TSL Trailing stop loss : YES, using pivot high / low levels when possible.
STOP LOSS : a few pips "above or under 200 EMA" OR "last pivot high / low" OR "Bollinger Bands high / low / middle-average"

Note 1: this strategy is new for me and has not yet been tested on many different pairs, timeframes, and market conditions, but the first results seem encouraging.

Note 2: this strategy is posted on the forum as one of the requirements to reach Beeline Gold 1 ;-)

AttachmentSize
triple convergence stats.png42.52 KB
triple convergence screen.png216.18 KB
triple convergence indicators.png43.08 KB
Sun, 03/24/2019 - 6:27pm