DAILY TF LOOKING TO BREAK LG. S TRIANGLE
still in a bearish bias but looking to go long if candle closes above s.triangle or will stay short if candle closes below s. triangle, im using a new strategy that i have worked very hard in building "M.E.T.S" (Moody Elder Tory Strategy) im using 3-4 indicators/scripts each by (Chris moody) (Alexander Elder) and (Tory) indicators like (macd) (rsi) (atr) (psar) (super trend) both (divergence macd and rsi) (tops/bottoms) (Elder impulse) using a 15-ema trend candles, the trading rules are simple, everything is color coded to be bulls/black and bears/red, when 5 out of my 10 indicators signal red/black i will look to take that position trade in that trend bull or bear /short or long, drawing my own support/resistance and using the (vpvr) and draw technical analysis patterns like (s. triangles) (falling/rising wedges) (double/triple tops/bottoms) ect.. and using a linear regression channel trend lines i will look for breaks of structure, break from a pattern and try to only take trades at a value structure , i use the (atr) to calculate my take profits and stop losses taking into account the next support/resistance or dynamic moving average oe EMA , im also looking for ema crosses, im looking for more confirmation as each of my 10 signal indicators (macd) (rsi) both (divergences) (psar) (super trend) (impulse) all signals not only to help me take trade but confirmation in my tech analysis, i have made up the simple rules and in order to take trade i have to follow these strict rules, also using risk management, risk/reward ratio, and never no higher leverage then 15X that seems to be the sweat spot with being able to stick to the ATR average true range calculations in order not to get stomped out , liquidated or stop hunted by the fraudulent tactics the exchanges use, im looking to add 1 more indicator to my arsenal of indicators/scripts that trading-view has to offer which are some great ones from the pros in our community and i thank them and my hat goes off to there contributions to our trading community and there value is priceless to our trading strategy s , im looking to have a new pine script built by (Racer8) he is a 20 year old prodigy in coding/script building in our community and he may be very young and new to our community he has already added much value in his ideas with a couple interesting scripts like his (probability) script that gives you probability on hitting your stop loss or take profit so i asked him yesterday if we could reverse the code and use it to see the probability of winning the trade position vs stop loss/take profits, i see there being so much more value using the script indicator for that so i asked him if we or he could reverse the coding , i tried myself by just reversing the colors ect.. but mathematically im not sure if the probability would be accurate since im not a coder or script builder myself with no coding/script background, im waiting for his answer now. anyway let me know if u think u see more value in such a indicator/script and u want to learn more about my new strategy that im front testing now with real capital since backtesting did very well, thanks
SHA256BITTRADER
SHA256BITTRADER
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