11. Addition of Dotted 7 and Dashed RED and BLUE Clones to the System
One new Linear Weighted Moving Average (Dotted Black): 7, Shifted 1, Set to Close. This will help me to catch trend direction changes earlier. The logic is: while candles stay above it (or below in downtrends), I will feel no suspicion to close any of my open trades. Once any candle closes below it or above it depending on trend direction, I will keep my trade running but I will start watching closer (maybe even start sitting in front of my laptop and watching directly)
Dashed Red TL clones and Dashed BLUE TL clones: They are just clones of the original RED and BLUE Trendlines. But these will also help us to catch trend reversals earlier. The trick is, I will start cloning them right at the opposite end of the candle where we put our classic RED or BLUE Trendlines. If the candle body is very long we will put them onto the body middle. Now, if no candle wick can touch them then all good and it means the trend is intact. But if they get touched or pierced it will mean: careful! And if any close below Dashed RED or close above Dashed BLUE happens I will try to close my trade and open a counter-trend within the following 2 or 3 candles and based on the situation.
Once my experimenting phase is over and it comes out they work well, I will hopefully explain it in more detail here.
Stay Green
One new Linear Weighted Moving Average (Dotted Black): 7, Shifted 1, Set to Close. This will help me to catch trend direction changes earlier. The logic is: while candles stay above it (or below in downtrends), I will feel no suspicion to close any of my open trades. Once any candle closes below it or above it depending on trend direction, I will keep my trade running but I will start watching closer (maybe even start sitting in front of my laptop and watching directly)
Dashed Red TL clones and Dashed BLUE TL clones: They are just clones of the original RED and BLUE Trendlines. But these will also help us to catch trend reversals earlier. The trick is, I will start cloning them right at the opposite end of the candle where we put our classic RED or BLUE Trendlines. If the candle body is very long we will put them onto the body middle. Now, if no candle wick can touch them then all good and it means the trend is intact. But if they get touched or pierced it will mean: careful! And if any close below Dashed RED or close above Dashed BLUE happens I will try to close my trade and open a counter-trend within the following 2 or 3 candles and based on the situation.
Once my experimenting phase is over and it comes out they work well, I will hopefully explain it in more detail here.
Stay Green
Be a seer, not a looker!
Ata's Trend Hunter V3.5 All Time Return:
32.0%
10