Hello traders. I am kinda new with forex. Still studying baby pips and have watched some YT. I tried backtesting GBPUSD with a plan I come up with which I though not really that promising because of some flaw in it. I am backtesting with 200 USD just to make sure that the system works, and when I start with a live account I can re-create the plan with 200 USD and start compounding. This is my plan for now:
1 hr chart
ATR 14, for SL and lot size
2% risk per trade
2 trade (1 with 1:1 RR, 1 w/o TP but close when Aroon crossed)
Let the trade (1:1 RR) run until it hits SL or TP
If the trade (1:1 RR) hit TP, the trade w/o tp should close on the next Aroon cross
I'll preface this with I have done OOP all my professional and amateur career (save for the one semester of BASIC I took in high school) and I'm still having issues understanding macros and the best way to use them. That said, I'm writing a library to use for technical analysis on stocks/forex/futures/etc and am getting to the Aroon indicator. Basically the calculation is the same except for looking for a high for one part and then the low for the other part. Below is my naive first pass at solving the problem:
def aroon_up(prices) do number_of_periods = prices |> Enum.count corrected_prices = prices |> Enum.reverse high_period = calc_high(prices, 0, 0) (number_of_periods - high_period) / (number_of_periods * 100) end defp calc_high(prices, high, count) do case prices do [hd | tl] when hd > high -> calc_high(tl, hd, count + 1) [hd | tl] -> calc_high(tl, high, count + 1) [hd] when hd > high -> count _ -> count end end def aroon_down(prices) do number_of_periods = prices |> Enum.count corrected_prices = prices |> Enum.reverse low_period = calc_low(prices, nil, 0) (number_of_periods - low_period) / (number_of_periods * 100) end defp calc_low(prices, low, count) do case prices do [hd | tl] when low == nil -> calc_low(tl, hd, count + 1) [hd | tl] when hd < low -> calc_low(tl, hd, count + 1) [hd | tl] -> calc_low(tl, low, count + 1) [hd] when low == nil -> count [hd] when hd < low -> count _ -> count end end
You'll notice there is a lot of repeating code. I'd love to be able to generate the base of the code from a macro but I'm stumped on how to do this without basically writing a bunch of case statements. Is this a valid use case for macros here or am I just over thinking the problem?
The Aroon’s Formula. Unlike moving average systems which use real price changes, the Aroon uses the time differences of the last high and last low as its basis.. This means the detector reacts when the price is consistently making new highs or new lows. This makes it a very useful system for momentum trading. If Aroon Up intersects the Aroon Down line from top to bottom, this is a signal to exit the purchase (Forex trading). On the contrary, intersection of the Aroon Up line by the Aroon Down line from top to bottom indicates the emergence and possible development of a down trend and the possibility of opening a sell position. The Aroon Indicator Strategy – How to Use the Aroon Indicator in Forex Trading This is the second article in our Aroon Indicator series. If you haven’t already we suggest that you check out the first article about the Aroon Indicator . Aroon indicator is an unusual indicator that can help you spot the strength of a trend and ride that trend until a buy or sell climax is reached. We like how versatile the Aroon Up and down indicator is. The triangular Aroon oscillator lines make it so much easier for the untrained eye to spot buy and sell signals. The Aroon indicator scale ranges from 0 to 100. There are 4 important levels to monitor when trading with Aroon indicator: 0, 30, 70 and 100. The default time period for Aroon indicator is 25, on some panels - 14. But, it can be changed to, for example, 10-periods for shorter term trades or to 50-periods for longer ones. Aroon Forex chart example
ForexMT4Indicators.com are a compilation of free download of forex strategies, forex systems, forex mt4 indicators, forex mt5 indicators, technical analysis and fundamental analysis in forex trading. Hi Guys this is a new strategy I found and it works great. This is not an investment advice and this video is only to impact on your knowledge. Please try fi... This lesson describes the Aroon indicator, and three chart examples are used to show how it works.. Learn to trade Like a Pro - Join the StockGoodies Communi... Aroon roughly translates to "Dawn's Early Light," which tells you everything you need to know about the purpose of this indicator. Learn why it was created and how it can function in your trading ... Click here to apply to become an Apiary Fund trader: https://start.apiaryfund.com/application-yt/ Start Trading with The Aroon Indicator Today we look at an ...