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Re: Honje's collection of indicators, strategies and trading journals

161 by Jedidiah
Banzai wrote: Mon Jan 06, 2020 4:49 am MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s.
It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.

Attached is a template to trade the Zerolag MACD.

There are 3 bbsqueeze indicators. One for EMA12. One for EMA26. And one for EMA9.
rex X means that the Bollinger band is squeezed inside the Keltner channel. Do not trade.
green dots means it's OK to trade.

As you can see in the following example, EURUSD is consolidating in the Asian session.
The Bollinger bands of EMA12, EMA26, EMA9 are squeezed.
Image
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21


Re: Honje's collection of indicators, strategies and trading journals

167 by Jedidiah
The 3 Step Breakout Strategy (adapted from dailyfx article)

Volatility breeds breakout trading opportunities.
24-period Donchian Channel on an Hourly chart can give us medium term trade entries.
Stops can be set opposite of the channel break using 1:2 risk and reward ratio.
Step 1: Look for Volatility

Not all market conditions are ripe for breakout trading. We need to first find the pairs that have shown the most volatility.

Step 2: Find Trade Entries Using Donchian (Price) Channels

Support and resistance levels are subjective and can vary from trader to trader. So to more clearly define our entry levels, we use Donchian Channels or Price Channels.

Step 3: Easy Exits Using Stops and Limits

No strategy is complete without an exit strategy. Fortunately, the Donchian Channel can assist in setting one up. We first want to focus on our stop. I recommend setting our stop loss beyond the other side of the channel. So if the price broke below the bottom line and created a sell trade, we would set our stop a few pips above the top line. If price broke above the top line and created a buy trade, we would set our stop a few pips below the bottom line.
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21

Re: Honje's collection of indicators, strategies and trading journals

168 by Jedidiah
Banzai wrote: Sat Feb 08, 2020 5:31 am I tried thousands of indicators and the only one I'm comfortable with are
Moving Average Ribbons/Guppy, Bollinger Bands, any histogram indicator, Fibonacci lines, and Stochastic.
They're all lagging indicators but all I need is a good signal everyday.
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21

Re: Honje's collection of indicators, strategies and trading journals

169 by Jedidiah
Banzai wrote: Wed Jan 29, 2020 2:35 pm There's a Japanese trader and he has a "RCI_6line" indicator so I make it.
We didn't have it.

He uses a combo of RCI, Stochastic, and MA ribbons.
I'm not sure what Stochastic settings he uses.

Here's the template and the indicator:
Image
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21

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