Trading Tree-pivot based trading system

rvlv

Active Member
#1
Hi friends

here you can see tradingtree chart.intraday system that works on 10 minute charts.
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your normal problem=

you use indicators to predict price action in immediate future. it fails as price makes indicators react not the other way as you expect.

when you use pivot line cross by price,you avoid or bypass the above problem.
once price cross above the pivot level,price moves surely upwards for a limited time about 70% of times.
protection fuse-before you apply you first test n confirm.
you observe 25 trades and post your result here if you are so serious.
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chart uses following



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10 min price chart
intraday pivots
50sma line



pet-d color price bars
awesome oscillator
stochastics as dots
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rules
1Buy when price crosses from below to above any pivot level


(or sell when price cross from above to below any pivot level)
this is first rule

2confirm main trend bias-if prioce above sma 50,buy bias, if price is below sma 50,sell bias
2 BIAS CONFIRMATION IF BAR IS GREEN COLOR,BIAS IS UPWARDS. IF BAR COLOR IS RED,bias is downwards.
3Confirm with awesome oscillator(if histogram bars are above zeroline,buy bias,if histogram bars are below zero line,sell bias
4 you can confirm bias using stochastics
5 stoploss use recent low or recent high

PS WARNING
Please dont use ninjatrader-use amibroker or metatrader4
NINJATRADER data is a headache type of thing it consumes lot of memory space
They say try shareguru-shareguru brings unhandled exceptions and lot of manual intereference is involved.
shareguru staff not qualified to handle software problems- kisibhi aadmi ko udhar itha diya to kaisa chalega-ek inch bhi nabhi chalega.
oh bolega pc restart karo-tumhara bhi and your neighbour ka bhi.
one most unuser friendly platform is NINJATRADER
 
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#2
have u tried this system.........seems like u subscribed for this trading tree service.........


Can u elaborate........like how do we select scripts to trade for intraday trading.
 

manoj2012

On Probation
#3
First of all the rules needs to be coded in MT4 or Amibroker (AFL) .....?
 

rvlv

Active Member
#4
HI
I have no subscription to tradintree. it is an expensive matter.
I hate NINJATRADER.
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you find the scrips by scan or explore using conditions described.
price cross pivot level-any pivot level --is condition 1a
volume rising is condition 2
trend bias confirmation (lkong if price above ma50 line or short if price is below ma50 line)-condition 1b



Just gathered some basic info.
our forum experts will make something out of it.
it works on intraday as heard from other traders.
using stoploss-required discipline is the only problem.
 
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