As market close approaches I still find myself in an NZDUSD short trade.
We are using our POW reversal script for this strategy.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop...
In mathematics and computer science, an algorithm is a finite sequence of well-defined, implementable instructions, typically to solve a class of problems or to perform a computation. Algorithms are always unambiguous and are used as specifications for performing calculations, data processing, automated reasoning, and other tasks
As an effective method, an...
Plot standard deviations (SD) 1, 2, 3, 4, 5, and 6 for the 50 SMA along with the 2 ATR and 3 ATR settings for the Supertrend (ST) indicator (found under "public" for indicators).
The idea is to use the 2 ATR ST and MACD as filters to direction of trade and to take trades once price is above or below the 1 SD bollinger bands (the first band around the 50...
With some careful back-testing (fitting), renko can help us to be on the right side of trades, acting as a useful filter for signals both on longer and shorter time-frames.
This isn't a trade system that I've used, but one that I'm planning to experiment with after getting decent results with limited back-testing on only Bitcoin (thus, I'd probably only use it on Bitcoin, for the moment).
Pretty simple rules, but it seems to be an effective profit-grabber with decent success rate.
What do you think?
