Swing Trading – Wave Trend + Force Index

Published on October 24, 2023

Best videos top searched Forex Trading, Forex Tips, and What’s Swing Trading, Swing Trading – Wave Trend + Force Index.

🟩 Official Website: https://traderslanding.net

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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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🏠 System Web page: https://traderslanding.net/2021/08/24/29/

🔍 Link to my Testing Performance Spreadsheet: https://traderslanding.net/results/

📘 Link to my free backtesting spreadsheet: https://traderslanding.net/2021/08/15/26/

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⏱️ 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

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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What’s Swing Trading, Swing Trading – Wave Trend + Force Index.

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