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Indicator -> Moving average -> Rate of change -> Trading rule
This list of rules was created by applying a mask or a time-series transformation to some popular indicators. The mask can be found here: SMA - ROC mask
Here is how it works: First of all, an indicator is selected, then a simple moving average is applied to this indicator (smoothing process), finally we calculate the rate of change of this moving average over a specific number of bars.
Example:
roc( sma( rsi( 14 ) , 30 ), 20)
In the above example, the rsi parameter (14), the sma (simple moving average) parameter (30) and the roc (rate of change) parameter (20), could be optimized. I have made some back-tests using the relative strength index (rsi) indicator and found some pretty good results.
I have used a simple rule: roc( sma( rsi( 14 ) , 30 ), 20) > X and made several optimizations.
What I have found is that for the same parameter value (sma and roc), the higher the X value is the better the rules performance for a SHORT output (short then cover after n days).
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
