I like this trend trading strategy and it uses 3 indicators the Trend Magic, Cm Sling Shot System and the CM MACD Custom Indicator. The strategy is explained well, however I do not like the way the wins and losses are determined. I have done that myself on testing trading strategies manually in the past and it is hard to be biased about your system I think it is better if you have a back testing platform. Here is a back testing platform. TraderEdge.com Also don’t expect 100% account grow in 1 month I don’t think that can be possible.
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The Indicators In This Strategy
The Trend Magic Indicator is based on two moving averages: a fast and a slow one. The fast moving average is designed to react quickly to changes in price, while the slow moving average is designed to provide a more stable trend indication. Traders often use the Trend Magic Indicator in conjunction with other technical indicators and price action analysis to confirm their trading decisions.
The CM Sling Shot System works by waiting for a pullback in an established trend and then entering a trade when the trend resumes. Traders look for a “hook” pattern on the RSI, where the RSI line briefly dips below the oversold level and then quickly recovers back above it. This indicates that the price is likely to continue moving in the direction of the trend.
The CM MACD Custom Indicator is a technical analysis tool used by traders to identify trends and momentum in the financial markets. It is a customized version of the standard Moving Average Convergence Divergence (MACD) indicator, which is widely used by traders to analyze market trends and potential trading opportunities.
You will need to use the TradingView platform to use these indicators. They also provide live quotes, stock charts and expert trading ideas and is a social network for traders and investors on Stock, Futures and Forex markets! Here is the link: Trading View
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