I randomely browsed the posts in this forum and found some systems which suite certain market types. For trending markets 315 strategy by SH, for nontrending markets Stochastics oscillatorl and for volatility markets NR7.
How to distinguish all 3 types of markets. When the trend is considered ended and the market entered directionless phase and to when it is highly volatile phase.
I understand that trade entries are equally important than setups.
Only trade entries are not as effective and are usually less profitable than systems that utilize both a set-up and an entry. Systems based only on
entries tend to have too many trades and a low percentage of profitable trades. There are two rules to which all entries must adhere:
Entry Rules:
1. Prices should confirm the direction indicated by the Set-Up before a taking a position
2. The Entry should guarantee that a system will capture every price move for which it is designed.
The entry for Quadra Safe Trading Strategy by SavantGarde is one such method.
I request to point out the other system /setups which i might have missed while searching the forum.
How to distinguish all 3 types of markets. When the trend is considered ended and the market entered directionless phase and to when it is highly volatile phase.
I understand that trade entries are equally important than setups.
Only trade entries are not as effective and are usually less profitable than systems that utilize both a set-up and an entry. Systems based only on
entries tend to have too many trades and a low percentage of profitable trades. There are two rules to which all entries must adhere:
Entry Rules:
1. Prices should confirm the direction indicated by the Set-Up before a taking a position
2. The Entry should guarantee that a system will capture every price move for which it is designed.
The entry for Quadra Safe Trading Strategy by SavantGarde is one such method.
I request to point out the other system /setups which i might have missed while searching the forum.