3SMMA + Fractal Strategy [Kintsugi Trading]

٢٧ أبريل ٢٠٢٢

What is the 3SMMA + Fractal Strategy?

This premium indicator was inspired by my desire to find and place high probability forex trades in any market, direction, or time of day.

Why Forex?

The Forex markets operate 24 hours, 5.5 days a week
Access to meaningful leverage
Ability to easily trade long or short
High liquidity

How to use it!

----- First, start by choosing Breakout Additional PIP Size, Stop Additional PIP Size, and Target Profit (TP) PIP Size. -----

- Breakout Additional PIP Size = Additional PIPs beyond the default strategy entry point.
- Stop Additional PIP Size = The default stop is above/below the signal candle, depending on trade direction. This input allows the user to target more or less PIPs as a stopping-out point.
- Target Profit (TP) PIP Size = Number of PIPs set at a target profit.




----- Next, we set the Session Filter. -----

Set the Timezone and Trade Session you desire. If no specific session is desired, simply leave the box unchecked.



----- Next, we set the Length of the 3 Smoothed Moving Averages. -----

Enter the Desired Moving Average Length:

• Length 1 - Source
  
• Length 2 - Source
  
• Length 3 - Source
  

These inputs will determine whether the strategy looks for Long or Short positions.



----- Next, we set the Fractal Periods. -----

This user input re-programs the strategy to only allow for 'n' number of lower or higher candles on either side of a fractal signal.
For example: If the user inputs "5" for the number of Periods, Fractal indicator signals will only appear on candles with "5" candles higher or lower on both sides of the signal candle.

In combination with the 3 Smoothed Moving Averages, the Fractal signals help us determine when to take a trade and in what direction.
The strategy is essentially looking for trades going with the overall trend and placing potential trades after a low has been reached and is re-tested in the overall trend direction.



----- Finally, we backtest our ideas. -----

After using the 'Strategy Tester' tab on TradingView to thoroughly backtest your predictions you are ready to take it to the next level - Automated Trading!
This was my whole reason for creating the script. If you work a full-time job, live in a time zone that is hard to trade, or just don't have the patience, this will be a game-changer for you as it was for me.

Auto-Trading

When it comes to auto-trading this strategy I have included two options in the script that utilize the alert messages generated by TradingView.
*Note: Please trade on a demo account until you feel comfortable enough to use real money, and then please stick to 1%-2% of your total account value in risk per trade.*

AutoView
PineConnector



Good luck with your trading!

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ملاحظات الأخبار

**NEW ATR Auto-Trading Alert Setup**

How to create alerts:

For Trailing Stops:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "Order Fills Only" from the drop-down
3) Remove template message text from "message" box and place the exact text. {{strategy.order.alert_message}}
4) Click "create"


For Fixed Pip Stop:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "alert() function calls only"
5) I like to title my Alert Name the same thing I named it as an Indicator Template to keep track