Tradingview Replay Function, Perfect your edge whenever you wantTradingView Bar Replay is a feature that you should take advantage of, In this post, I'll show you how it works and what it is good for.
Turn Bar Replay On
To turn on Bar Replay, click on the icon in the toolbar at the top of the screen.
Adjust the Settings
After you turn it on, you will see a new toolbar appear on your active chart. You will also see a vertical red line appear where your cursor is.
The red line marks where the replay will begin, so do not click until you have scrolled back to where you want the playback to begin.
You can use the scroll control on your mouse the move the chart back or click and drag the chart to move it. Clicking and dragging will not set the start point.
Start the Replay
Once you have scrolled back to where you want to begin the replay, click once on the chart and you will be in Replay mode. Now click on the Play button to start the replay.
How it Can Improve Your Trading
There are a few different ways that this feature can help you improve your trading. If you can think of any other use cases, feel free to leave them in the comments at the end of this post.
Reviewing Your Old Trades
You can use the playback feature to analyze what a chart looked like before you entered a trade.
When you look at a trade a few days later, you will usually be able to see it from a more objective standpoint. This is because the emotion surrounding the trade has dissipated.
So a follow-up analysis of your trades could reveal what you do well and what you need to fix.
Backtesting
You could use this as a free backtesting platform. Of course, the currency pairs that you test would need to have enough historical data available. But if there is enough data to do a solid test, then you would just need a simple spreadsheet to track your trades and you are good to go.
Since TradingView makes it easy to do screenshots, it's also easy create flash cards of good setups, for later.
Practice
Another helpful use of this feature is to replay premium setups, so they get engrained in your brain. You can keep a spreadsheet of dates when good setups for your trading system happened and you can use this replay feature to play them forward a few times to get some practice, without going through the entire process of backtesting.
Tradingsystem
Event Defining & Profit Taking StrategyThis is a basic trading strategy using Stop-Limit orders placed on Fibonacci retrace on price action taking place in given "phases" Phases are named "Buy" or "Sell" based on the RSI/Stochastic Oscillators in the chart. On overbought conditions we sell, and on oversold conditions we buy. These conditions trigger "buy" or "sell" phases and we react with stop limits placed from the previous cycles price extreme to the new cycles current price - at the Fibonacci retrace level of 23%. Further I recommend pyramiding your orders on the 38% fib as well. Leaving only 15-20% of the equity on the 23% retrace and 35-40% on the 38% retrace.
I am attempting to form a trading strategy which can be automated.
This is not a finished product, and I do not recommend trading on this basis blindly.
Thanks for looking!
EUR/USD - Day Trade AnalysisIn this EUR/USD analysis I am using the 15-min time frame. On the monthly and weekly chart for EUR/USD the pair can be seen in a current uptrend. Price may continue to go up from its current point but If I were to enter I would place my entry at retrace a little but the pair looks strong. As a day trading perspective this analysis I would enter this pair at the bottom support zone between 1.2342 and 1.2352. This is a preferable resistance level that fits my strategy; Depending on where I placed the trade I would exit the trade at my take profit zone between 1.2362 and 1.2370. I would only place this trade if the price hit my preferable support zone. If not, I would not enter and appreciate the market for its graceful twists and turns. Happy trading!
working on a new system ! working on a new system with ranko would love to have your idea ! it 's day trading system ! The basic are above the 89 ma ( red line on the chart ! ) looking for a long below the red line looking for short , need 2 more criteria before entering , Will need two red brick to enter short and 2 green to enter long , I will need to macd in my direction or at least loosing momentum . rules of exit are as follow will need a brick in the other direction to exit the position , 2 brick if I more than 8 bricks in the money , I would to for you to tell me what you think :)
as always don't hesitate to come by our group and drop a hello : www.facebook.com
AK " Follow the Money " [FTM] Indicator and trading system The following trading system uses the rate of change (ROC) between equities and bonds to determine which asset to hold, basically , following the money. The rules are simple :
1. Calculate the 85 day ROC for SPY and TLT
2. If ROC (SPY) > ROC(TLT) --> Buy SPY
3. if ROC(SPY) buy TLT
Backtest resutls
I coded this in python , and here are the results :
Period : 01/03/2003 to 12/31/2014
Slippage : 0.03 cents
Total return : 283.6 %
Benchmark (SPY): 169.4 %
Sharpe : 1.49
MAX DD : 17 %
Return:
2003 :17.8%
2004 : 2.5%
2005: 1.3%
2006: 8.6%
2007: 3.9%
2008: 23.6 %
2009:14.4%
2010:16.7%
2011:33.4%
2012: 1 %
2013: 24.9%
2014: 6 %
As you can see, the system tends to do very well in bear market, and mix but positive results during bull markets. I use the 85 days because that works for me . you may use a higher are lower number when calculating the ROC.
The code for the indicator is extremely simple, and will be posted a few moment. When the background is Green you buy and vice versa when red
DISCLAIMER :
I do trade an alternative version of this system , but this post is strictly for educational purposes only. . Past performance is no guarantee of future results.
DISCLAIMER :
if you have any question , leave a comment or PM me , and will try to get back to you as soon as possible.
Cheers
Algo