I've been trading without "typical" indicators for some time, but I've had a change of heart after browsing some recent systems on Forex Factory. Here's what my take on a system with indicators look like. Straight forward, easy to use, and accurate. Based on a very profitable system. All add-ons welcomed.
Disclaimer: I am a TradingView trader only. All indicators are free to use on TradingView and the system can be used with a free TradingView account because there's only two necessary indicators.
The Turtle Trade Experiment, which achieved a remarkable 80% annual return over four years and amassed a staggering $150 million, showcased the immense potential of this trend-following strategy. Unlike the conventional "buy low and sell high" approach, the Turtle Trade system embraces a different philosophy—one of capturing substantial profits by following prevailing trends.
Indicators:
Hull Butterfly Oscillator (by Lux Algo)
The Hull Butterfly Oscillator (HBO) is an oscillator constructed from the difference between a regular Hull Moving Average (HMA) and another with coefficients flipped horizontally.
Levels are obtained from cumulative means of the absolute value of the oscillator. These are used to return dots indicating potential reversal points.
The name of the indicator is directly derived behind the coefficients used for its calculation. Displaying regular Hull coefficients alongside those flipped horizontally slightly resemble a butterfly, the difference between these sets of coefficients allows obtaining the HBO.
[OKX Signal Bot] (by OKX)
At the heart of the Turtle Trade Channels Indicator lies the concept of Donchian Channels, a powerful technical indicator developed by Richard Donchian. Building upon this foundation, the main rule of TUTCI is to identify 20-day breakouts and capitalize on them, while simultaneously utilizing a profit-taking strategy based on breaching 10-day highs or lows.
Preparation
Change candle type to Heikin-Ashi
Change chart background to darker color
Uncheck every box inside style settings for OKX Signal Bot except; Upper, Lower, Trendline ( first three) and Background Colors
Tested on lower time frames; M1, M5, M15
Any asset
Entries (long + inverse for short)
OKX Signal Bot changes to GREEN background
Hull Butterfly Oscillator is GREEN
Hull Butterfly is BELOW the horizontal lines on the Hull Butterfly Oscillator
Minimum 1:1 RR
Below is an example of some trades, including one I took moments ago