Here is view of T1D chart with some added indicators. i had a set of rules back in mid-July and plan to go by those until I have time to explore the new ideas brought up by Duma and T1.
Only big change is I was going for 5,7% targets..those are too high. But maybe Duma MACD might can give better odds to go for higher return vs 3%
My next trade will be 50% posistion TNA/TZA or short TNA. Contra trend take 3%
With trend go 50/50 3% and then 7% other half? not sure.
My original adapted rules from Trend1's system.
Quote:
Go long if HL and HH. Enter EOD AH or maybe right before close.
Best long is when elder bars are red. If inside day then look at STO 5,1 if OS then go long??? need to recheck, if above 20 but slope is up go long.
Opposite for short. ie green elder bars. Elder bar color not requirement.
Also if inside day can ignore short signal if long. Im working on this for a firmer rule. Maybe go to cash.
Stop 3.3% max but use LOD for last low not necessarily signal bar.
Set target 5 or 7% or both.
So my idea is to go for 7% and take half. Other half put stop at 5%Gain and move up EOD to LOD if long or 2% buffer. Maybe use BBCL on 15 or 60m chart as exit.
On shorts same targets but maybe go for 5% 1st half and hold out for 7%+ on 2nd half.
Just using the above rules and a 3% target, system is profitable so I will start there if Im not sure if trading with trend or not.
Only 2 losers since May using 3%
view
