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Tradesystem

This pair has been lit this week 😍🔥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 loss. Previous trades can be seen on chart one of which was covered in an idea this morning seen below Since that trade we have had three more trades and two of those were once again in profit. Stats shown in the report box at the foot of this idea show the performance of this pair for the week. This is based on 1% risk per trade on a 10k trading capital and has seen 9.9% gains this week. Have a play in that box you can select the tabs as the viewer of this idea and see all 21 trades for the week logged. Lets see if the current trade left open can start next week of to a good start 👍 ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
Development of a Trade SystemIn 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 algorithm can be expressed within a finite amount of space and time, and in a well-defined formal language for calculating a function. Starting from an initial state and initial input (perhaps empty), the instructions describe a computation that, when executed, proceeds through a finite number of well-defined successive states, eventually producing "output" and terminating at a final ending state. The transition from one state to the next is not necessarily deterministic; some algorithms, known as randomized algorithms, incorporate random input I have tried to show you how to process for a trading system with a flowchart . Let's optimize your trading strategy with the problem-solving algorithm. If you have experienced this before, share it with me in the comments. support me by Like and Follow.
B
by TaherJalili
2
Supertrend and 50 SMA Bollinger Band Trade SystemPlot 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 SMA). Entries are made off of tests of the 1 SD band or tests of the 2 ATR ST. The stop may be any of the 1 SD band, 2 ATR ST, or 3 ATR ST, that gives the price comfortable room and/or desirable reward to risk. Stops may be trailed off of either of the ATRs (2 or 3), as long as they remain mostly on the other side of the 1 SD band (as in 3 fourths of the time, or more), relative to price. In the case of longs, consider selling all, or a portion, of the position whenever price forms a bearish candle setups (with confirmation) near "extreme" levels, relative to either the SD bands or 50 SMA envelopes (the thick black line on the chart indicates a 25% envelope to the 50 SMA). Anything at or above the 2 SD line is extreme, particularly 3 SD and up. Especially be weary if price has tested a band two or three times previous and even more so if RSI or MACD are showing divergence with price tops. In case of shorts, treat everything said for longs in reverse. Look for bullish candle setups out of the extreme conditions. Examples of bearish candle formations that I'd be on the lookout for include "tweezer tops" (or bearish engulfing candles), long wick candles that counter the trend (some may prefer to wait for confirmation by a follow through day, but I let the circumstances determine what option is best), and multiple days of bearish fractals near a price range top (in which case the stop could be hugged up against the bottom of the range).
NYSE:BABA
by JamesBrown