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Here is the system JHLewis and I are currently using successfully.
It uses a renko chart set to H1 NOT M1. This clears out a lot of the noise.
50 ema channel for trend direction(blue and white)
Stoch 80/20 for OB/OS
MACD is a secondary filter I recently added to help with fakeouts as seen in the pic. Its color and if its above or below 0 are the indicators.
The other channel is just a ATR channel I use to identify extremes. Hasn’t played a huge part in the strat yet except to help not take trades if price is between the 2 bands.
Trade 1: sto -80. Price under ema. MACD red and under 0
Trade 2: This trade hits the checklist but you would have sweated it for a few minutes until it won. Notice I did wait for a color change on the macd which seems to help weed out bad trades.
Trade 3: waited for macd color change
Trade 4 & 5 are textbook.
I’ll post the indis in another post. I need to clean up the template first.
- This reply was modified 8 years, 7 months ago by Neocount.