Hi Traders,
In this episode, Nathan looks look at a strategy that was sent through by one of our newer clients.
He’s been working through the Trader Development programs, has got some algos running in demo and now wants to tackle building his own model.
We’re excited to share this journey with you as we build this algorithm step by step, and we’ll also leave room for future sessions where we can continue to enhance and refine it.
This strategy is centered around three key indicators:
MACD, RSI (Relative Strength Index), and the Moving Average of the RSI.
The MACD Indicator
The MACD will be used to identify trend reversals and generate trading signals.
The RSI Indicator
The RSI will be used to help gauge the strength of price movements and identify potential entry and exit points.
Moving Average of RSI
Taking things a step further, we’ll use the moving average of RSI to smooth out the RSI readings and identify more sustained trends. This can help reduce false signals and provide a clearer picture of the market’s direction.
By combining these three indicators, we can create a comprehensive trading model that incorporates both momentum and trend-following elements. This multi-strategy approach can increase the accuracy of our trading signals and improve our overall trading performance.
In the upcoming episodes, we will look deeper into each of these steps, providing practical examples and insights to guide you through the process of building and refining your trading algorithm. Stay tuned for a rewarding journey into the world of algorithmic trading!
To see live trading reviews, check out the Traders Results Page.
If you would like to learn more about creating automated trading strategies check out the Trading Talk series which has a new episode each week with different topics and concepts on popular automated trading strategies.
Why wait? Get started today. Sign up for an account today with the Tradeview Forex broker www.tradeview.tech and start creating your own automation.
