Algo
Ace of Waters - 4hr 280% 1yr backtestI have no words for this back test on gold 4hr Oanda chart - Heikinashi candles. Over 280% profit in the previous year, within just over 240 trades. Only a max drawdown of 0.46%%??? My jaw is literally on the floor right now. It has always been my dream to find a reasonable solution to market volatility on GOLD .... The test includes the .005% fee Oanda charges PLUS the 15 tick average spread or 'slippage'. Honestly, I dont know what to do. Its been 4 years and 100's of hours trying to find something simple, sustainable and for gods sakes understandable. I think mitigation of such a huge profit potential with such a small draw down is THE holy grail I was looking for. IT IS NOT FOR SALE. DONT ASK. LOOK AT THE CHART, FIGURE IT OUT FOR YOUR SELF. PS. The settings and calculations derived are NOT arbitrary or discretionary. Its dynamic and relative. I dont claim to hold any superior math skills BUT ive done enough to know the dangers of second guessing. Ide be happy trading this algorithm on autopilot and dont profess any knowable future results BUT who cares, your going to likely win 3/4 trades and the trades you loose will likely only be 1/7th the trades you win. Be like water my friends.
ALGO Long: Update My initial thought was about .65 pivot after the last correction but overthinking and a busy day with errands blindsided me into hoping for a drop even lower, therefore I did not open an order and missed a chance to make a sweet little profit as it did move from .65 to about .69 before a tiny retrace back into the .67s.
The volume is very very steady at a normal pace, not much volatility and seems to trend upward within the channels I've drawn. Buying pressure is winning here and I did go in during this last retrace, albeit a mini retrace and plan on longing until the next target which I have at about .77.
Keeping my stop loss tight as I don't want to lose profit I gained from the long I opened yesterday morning and closed after the run proceeding FIFA news.
If I see price action fall into the support level under the trend line I've outlined, I will look for an exit.
I'm learning TA on my own by reading books, watching videos and trial and error.
If you like my thought or are more experienced and think I'm on the right track, please hit "agree".
Thanks!
ALGOUSD on a strong bullish streak but not a Buy Opportunity yetAlgorand (ALGOUSD) has completed a strong 3 day bullish streak coming close to the 1D MA50 (blue trend-line) again for the first time since the first week of April. Despite this green short-ter display, it is not a buy opportunity yet, as on the medium-term it remains within a Channel Down (dashed lines) and on the long-term it has broken below the Channel Up.
A buy signal will be given, when the price breaks above not just the 1D MA50 but also the Lower Highs trend-line (top) of the Channel Down. This Channel can be seen better on the linear scale:
On the long-term, which will be the safest trade, ALGO will turn into a confirmed buy once the price breaks not just above the 1D MA200 (orange trend-line) but also the 1W MACD makes a Bullish Cross. As you see, the last two MACD Bullish Crosses, have resulted in strong rallies within a 2-year time-frames.
Until those medium and long-term conditions are met, Algorand can be moving lower and lower in accordance to the lower Fibonacci extensions shown on the chart.
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ALGO Uptrend BounceI think based on the support levels, trend lines, 200 day & 14 day MAs and fib levels
we will see an upward click back up toward last nights highs and beyond. After stopping out of my position just before the earlier correction dump, I am averaging back in slowly with SL in place in the event this does not confirm.
I am only creating / publishing for my own learning journey and in no way would want anybody to follow my advice given that I am not a professional or licensed trader.
$ALGO - trendline breakout + retest?after the announcement of its partnership with FIFA earlier today, ALGO got a huge pump of about 20% but will we be able to stay at these levels?
ALGO broke the downtrend trendline and is currently retesting the one, we just need to see whether we get a succesful or an unsuccesful retest of it
I will place a good long position targeting the $0.77 resistance if the price fixes well above the trendline, what do you think about it?
drop a like and follow me here and on twitter if you enjoyed this idea!
ALGO - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for ALGO.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
ALGOUSDT 4H TA: In the ChannelAlgousdt In the 4-hour timeframe, it is in a downward channel, which is thrown up by reaching the floor of the channel with strong support. It currently has a price range of $ 0.8 for canal roof resistance and static resistance, which can grow again if it can pass through this area with strength. Otherwise it is possible to correct by reacting on the resistance up to the midline and the bottom of the channel.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Bank Nifty AlgoHere I developed after many years how typically Banknifty indices operate sudden huge move, its completely controlled by Big players after trapping retailers SL. There are few methods identified and back tested after several months. Basically its perfectly works with Banknifty future & Option buyers. Can easily capture 200 to 300 points from sudden level in intraday. The purpose of this indicator mainly to eliminate Fear, greedy, emotions., its basically "KONW YOUR RISK & REWARD" & Kindly note this for only intraday players how to use it. Its updated version of Millreeh
This indicator facility to plot following for some reason,
1. SMA 20 & 200
2. Swing forming in MTF (current chart TF, 15, 1 Hr )
The basic setup categories two way
1. Setup2 - Just taking out retailer SL zone and trade against Retailers & RR 1:5
2. Algorithm Setup - Join hand with big players. (When S2 Fails) & RR 1:10
How to use for Setup2:
1. Keep your Chart 3 mins
2. Identify Reaction zone/area ( Where to take trade)
3. Action center (When to enter & Know the SL level)
4. Exit Trade ( Know the Target level)
For Algo setup its need lot experience to spot and its move like free fall most of time.