Simple Trend Following Strategy
Strategy Logic
This strategy combines moving averages and Hull curves to identify market trend direction and follow through on trends.
The main logic is:
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McGinley Dynamic MA judges overall trend direction
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Hull curve crossovers generate specific long/short signals
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Optional confirmation indicators for signal verification
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Risk management via stop loss and take profit principles
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Close positions when Hull curve reverses
The strategy aims to mechanically systematize trend following, minimizing individual subjective influences.
Advantages
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MA judges overall direction, flexible confirmations
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Hull clear long/short signals
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Rules-based risk management minimizes errors
Risks
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Parameter tuning and filters require optimization
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Trend accuracy has uncertainties
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Hull curve prone to lagging signals
Summary
This strategy seeks to systematize trend following operations to match market rhythm. But parameter optimization and indicator limitations warrant caution for stability.
/*backtest
start: 2023-08-14 00:00:00
end: 2023-09-13 00:00:00
period: 4h
basePeriod: 15m
exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
*/
// © Milleman
//@version=4
strategy("Millebot", overlay=true, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, initial_capital=100000, commission_type=strategy.commission.percent, commission_value=0.04)
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