Because market has random wlak but also a martingale property: after a good day, there is a higher probability that another good day will follow than a bad one.
System goes long only: it does not operate when the variation close-to-close in percentage (%) in under a certain buffer (i.e. very little movements are not considered).
There are also rules of money...
This strategy is for learning purposes only. Pay special attention to these strategies on longer aggregation periods (like 1 hr chart or more). Don't expect accurate results when you set a limit to 10 cents above your entry to be accurate. For example if you set the chart to 1 day, the price may move down and hit a stop 10 times then tag your limit. If this...
So this model is experimental open and close model , with take profit . so far seems ok from point of repainting but I cannot say that its not repaint . so be aware on this issue if you use it in live trade ( its still work in progress)
if you want to make it as a study with alerts just change the strategy to study
The issue with all open and close models in TV...
This strategy is showing what would be if you just follow supertrand indicator. As we know, supertrand doesn't appear immediately and we need to wait the next bar for decision about entering. So you can see what will happen if you take position after supertrend finally formed. This indicator is extremely dangerous without another tools and can give very serious...
This script makes use of three RMI's, to indicate Overbought/Oversold.
Adjustments can easily be made, through its settings or script.
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and...
Sharing the simple trend following trading strategy, traders can add their own rules in this, to minimise the losses and maximise the profits. Like below.
1. Go long only if price is above 189 days EMA/SAM
2. Exit position when high or low of previous candle is breached in the opposite direction of the trend.
3. Go long...
Renko Level Strategy
Main change of my previous strategy, that it look to one level of RENKO and use ATR value from each previous candle.
I think it is more correct than use levels that appears in first candle of new RENKO level, cause it base on current volatility, but not on volatility that was many candles ago.