HI friends
Aim of this post is to develop a trading method -system in Amibroker.
here is a video that gives insight into a different concept.
The concept comes from a professor who is more than 20 years into markets and was involved in optimization.
The system uses stuff that has in built predictive value in market for trading purposes.
Interesting point is what brings predictive value to trading method or its components?
https://www.youtube.com/watch?v=iQ57rrRZSq8
This is a system 85% success -tested using Ninjatrader.
what does the system use? it uses trend trading as foundation.
it uses SMA 50 , a modified MA15. market structure. multiple timeframes are used.
they is some special pivots.
Long entry uses for basis MADiff(dIFF BETWEEN MA50 & MOD EMA15) Must be less than 15 ticks to qualify entry and the retracement candle and mod ema15 must be less than 4 ticks for trigger entry. MADiff,volume,slope of MA50,Slope ofMod ema15 IS DISPLAYED ON CHART LEFTSIDE TOP.
The candles get marking based on support by stochastics,cci,order flow on multiple time frames.
We look for retracements into a well defined trend.
See the second pic. if the candle c is more than 4 ticks away from modified ema15,trade is discarded.
reason? more distance the retracement candle C stays away from mod EMA15,MORE RISKY IT IS TO TAKE THAT ENTRY-TRADE.
One concept that is really attractive is
background color of chart based on price hitting a resistance on higher timeframe or price hirttting a higher timeframe support giving an established bias to buy.
The system uses range bars.
a 2/3 rds candle closing above a ma50 and ma15 modified gives a bias.
The beauty of the system is it proves beyond doubt that the support resistance and pivot lines-ma50-modified ma15 method successfully beats most known indicators.
Rule Dont trade with an unbroken pivot-that is too risky-avoid big risk.
you dont take a long trade with a falling ma50 line. you also dont take a short trade into a rising ma50 and a rising mod ema15.
ps I dont like ninjatrader as my pc cant handle its demand for enormous memory space.
Aim of this post is to develop a trading method -system in Amibroker.
here is a video that gives insight into a different concept.
The concept comes from a professor who is more than 20 years into markets and was involved in optimization.
The system uses stuff that has in built predictive value in market for trading purposes.
Interesting point is what brings predictive value to trading method or its components?
https://www.youtube.com/watch?v=iQ57rrRZSq8
This is a system 85% success -tested using Ninjatrader.
what does the system use? it uses trend trading as foundation.
it uses SMA 50 , a modified MA15. market structure. multiple timeframes are used.
they is some special pivots.
Long entry uses for basis MADiff(dIFF BETWEEN MA50 & MOD EMA15) Must be less than 15 ticks to qualify entry and the retracement candle and mod ema15 must be less than 4 ticks for trigger entry. MADiff,volume,slope of MA50,Slope ofMod ema15 IS DISPLAYED ON CHART LEFTSIDE TOP.
The candles get marking based on support by stochastics,cci,order flow on multiple time frames.
We look for retracements into a well defined trend.
See the second pic. if the candle c is more than 4 ticks away from modified ema15,trade is discarded.
reason? more distance the retracement candle C stays away from mod EMA15,MORE RISKY IT IS TO TAKE THAT ENTRY-TRADE.
One concept that is really attractive is
background color of chart based on price hitting a resistance on higher timeframe or price hirttting a higher timeframe support giving an established bias to buy.
The system uses range bars.
a 2/3 rds candle closing above a ma50 and ma15 modified gives a bias.
The beauty of the system is it proves beyond doubt that the support resistance and pivot lines-ma50-modified ma15 method successfully beats most known indicators.
Rule Dont trade with an unbroken pivot-that is too risky-avoid big risk.
you dont take a long trade with a falling ma50 line. you also dont take a short trade into a rising ma50 and a rising mod ema15.
ps I dont like ninjatrader as my pc cant handle its demand for enormous memory space.
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