Re: Dynamic trader trading system explained ... immediate help needed to develope fom
Hi venode
excellent work so far but we want to take it to perfection ...
therefore i have the following comments
this is a life chart with traders excuted on the system but marked by hand
can we mark the chart like that ?
i.e
at the green candle to have a line at the high with the high value for long entry and the stop loss at the low of the swing
also we want the candels when you put the mouse on to show the high - low -volume values
also for colloring the candels ... i hope we can color the bars according to higer time frame oscillator position also
i.e ...we have the green candle to represent entry and the red to represent exit ... but what is the position of the higer time frame oscillator at that entry ... you have to vesual check ... but if we can make the candle color at the one hour time frame as example change color to yellow or aqua or whatever you choise as long as the higer time frame oscillator is open that will be great ...
look at the two inclined line which shows the positive diversion between the price and the oscillator and the result after ...the price shoots up
for sure all of that in one frame which is one hour ... but the price shoots up beacsue the daily frame opened at that time
there is a difference between the entry price in the exploration and on the chart drown by your AFL as example you will see a green candle on the oscillator chart with entry 10.76 while it is in the exploration 10.80
the one trailing bar is not highlited on the chart to explain this
suppose the oscillator have a positive cross ..and the bar have been colored green the entry conditiones is enter when braking the high of that bar in the next candle the question is ...what if the next candle did not brake that high
the answer is as long as the oscillator is positive cross i wait for the candle that will brake the hig of the previous candle that will be my modified entry
as per your question for oversold and over bought
dynamic trader staratigy is best used when the higer time frame is in the over sold under 30 and lower time frame makes a positive cross
for sure this is reliable trade or high probability trade ... but
if you have a psoitive diversion on the lower time frame happend any where between 30 and seventy you can excute the trade ... does this answer your question ...? hope so
coming the the oscillator settings ... instade of adjusting every parameter we can use number one for 8-5-3-3 and number two for 13-8-5-5 and number three for 21-13-8-8 ...what do you think about that ?
as per your question
pls advise in which TF shud the oscillator be in overbought/oversold region, both or only the higher TF
the answer is ... on the higer time frame ...
i have posted an excell file with how i see the exploration to be effective to make descision and chose the right stock or currency for entry ... did you see it ?
if not i will post it again