free tradingsystems
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I try a simple renko-chart system. it looks very good.
i done it on tradingview. I used ATR 1
I am not so sure about the realistic of it … but anyway … llooks good
/@version=4strategy(“New Monster”, overlay=true)// Naheste 100er Zahl für Long- und Short-Positionen berechnena = (close[1]>open[1]) and (close>open)b= (close[1]<open[1]) and (close<open)c = (close<open)d = (close>open)if (a)strategy.entry(“Long”, strategy.long)if (b)strategy.entry(“Short”, strategy.short)if (c)strategy.close(“Long”)if (d)strategy.close(“Short”)the renko is very interessting for me.
because it allows you to trade something special. i tryed it also on a normal chart, but the resault was not so good.
the idea was from the elliottwaves , to trade the half of a range buy useing a stop entry. what i thought it should be the only 2:1 trade.
and in my theorie it works .. but the normal chart is to much chaos. so i tried the renko. is very interessting
this is also for tradingview.
//@version=4strategy(“Monster”, overlay=true)startDatum = timestamp(“2022-12-01T00:00:00Z”) // 1. Januar 2021var float a = navar float b = na// Überprüfen der Bedingungenif (close[1] > open[1] and close[0] < open[0])a := high[1]if (close[1] < open[1] and close[0] > open[0])b := low[1]c = (a-b)/2if (((close[1] > open[1] and close[0] < open[0])) and (time >= startDatum))strategy.entry(“Short”, strategy.short, stop = a-c )if (((close[1] < open[1] and close[0] > open[0])) and (time >= startDatum))strategy.entry(“Long”, strategy.long, stop = b+c)plot(series=na(a) ? na : a-c, color=color.red, linewidth=2, title=”Short Stop”)plot(series=na(b) ? na : b+c, color=color.green, linewidth=2, title=”Long Stop”)works on every market on every timeefram – use the renko chart//@version=4strategy(“Monster”, overlay=true)var float a = navar float b = na// Überprüfen der Bedingungenif (((close[1] > open[1] and close[0] < open[0])))a := high[1]if (((close[1] < open[1] and close[0] > open[0])))b := low[1]c = (a-b)/2if (close<open)strategy.entry(“Short”, strategy.short, stop = b)if (close>open)strategy.entry(“Long”, strategy.long, stop = a)plot(series=na(a) ? na : b, color=color.red, linewidth=2, title=”Long Stop”)plot(series=na(b) ? na : a, color=color.green, linewidth=2, title=”Short Stop”)there are ranges every day. Even every few hours there are ranges that are left on 1 page. The hottest trades come at the open from 3:30 p.m. to 4:00 p.m.
the market makes a small range with a poc. From the POC the explosion comes in 1 direction. With this you have to go along the edges (value area low, high). A 3:1 is possible almost every few hours.
the cum.delta. shows how the market is set up right now.
a mountain of volume – shows there is resistance here. You have to look at it in real time and decide.motto means – move away from the poc to trade the explosion… don’t be greedy you often only get a 1:1 before 1500 o’clock
Keeping up with the trend is the motto
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Topic Details
| Forum: | General Trading: Market Analysis & Manual Trading |
| Language: | English |
| Started: | 11/19/2023 |
| Status: | Active |
| Attachments: | 9 files |