Chameleon [FST]

This is a Technical Trading strategy with multiple technical indicators as confirmations.

Indicators
MA
EMA
ATR
OSCILLATOR

DESCRIPTION
Inputs
Risk/Reward ratio . Stop Loss and Take profit price distance is the same, i.e. SL 25 pips, TP 25 pips. You can increase the profit target ideally for an Experienced trader; for example, using 25 pips stop Loss & 37.5 pips take profit or 25 pips stop Loss & 50 pips take profit.
SETTINGS
Look back 1 & 2. Look back at 'period', and this help to filter how many bars to a trend. Look-back 1&2 are a form of moving average and exponential moving average calculation.
Look back 1 filter longer-term-trend.
Look back 2 filter short-term-trend.
SAP.M.A
Period. This helps to process possible areas of entry if a trend is confirmed.
SAP Multiplier. This helps us to calculate the possible area of early or late entry and take-profit/stop-loss price.

Style
Channel Ten-Top & Bottom= Two EMA Period 10, Source High and Source Low forming a channel (optional).

How to use the Signals as seen in the attached screenshot
1. You can apply trendline channels to trade the signals only if the price movement is in the channel.
2. Apply Support and Resistant line to assist. For Uptrend=Apply support line, look for a Buy signal and Downtrend= Apply Resistant line, look for a sell signal
3. With the help of this indicator, you can use it to filter your strategy entries.
4. If you understand technical analysis plus trend trading, you can increase the Reward to maximise the potential profit target.

The above indicators description identifies market trends with optional visual risk to reward and buy/sell alerts on the chart.
Available on all time frames.

The "Buy and Sell Confirmation" is a composite indicator of Moving Averages, which triggers technical signals when it crosses MA, EMA and OSCILLATORS above (to buy) or below (to sell) its signal line if the price above or below the indicator transformed into a trend, which is taken as a signal of buy and sell.

The Auto generates R: R "risk to reward" is well calculated; these can help beginners know where to place their Take Profit and Stop Loss, erasing that fear of what to do next.
The indicator is for every type of market: indices, stocks, cryptocurrencies, currencies and others.

Most traders don't know when to ride the trend or get out of a losing/winning trade.

This trading system will eliminate 70% of the doubt about the above.

This strategy is not a guaranteed profit. Therefore, it is recommended that you should backtest or trade virtual money before using this study on your entire portfolio, as it is intended to be a tool and not a holy grail.

Beware of the ranging/consolidation market to avoid false signals.

Disclaimer: Trading and investing in the Forex, Stock Market and Cryptocurrencies involves substantial risk of Loss and is not suitable for every investor. The content covered in this study is NOT to be considered investment advice. I'm NOT a financial adviser. All trading strategies are used at your own risk.