Attachments: Two systems in one - Very simple divergence strategy

Two systems in one - Very simple divergence strategy

#161
Jun 7, 2023 10:33am Jun 7, 2023 10:33am

stlastla
| Joined Jun 2023 | Status: Trader | 2 Posts

Great method! Your strategy can also be used as a strategy to find reversal points as a compliment to other strategies. Keep up the good work. Will follow your thread.

#162
Jul 25, 2023 11:18pm Jul 25, 2023 11:18pm

andrelucas
| Joined Oct 2022 | Status: Trader | 18 Posts

Quoting spacetravel

Disliked

Hello everyone, I am new to this forum and I want to share the system that i am developing with the sole intention of exchanging ideas and listening to your contributions. Like many of you I have spent years trying to achieve stability and consistency trading the forex market and like many of you I have blown up several accounts before I could reach balance, emotional and financial. My system is very simple, so simple it's boring, but I've seen over time that growing an account is a slow and boring process but it's worth it *Remember it is still...

Ignored

Thanks for the strategy, do you operate in a prop firm or do you operate with your own capital?

#163
Nov 17, 2023 2:45pm Nov 17, 2023 2:45pm

spacetravel
| Joined Mar 2023 | Status: Trader | 50 Posts

SP500 | 1,000 Ticks Charts

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#164
Nov 17, 2023 2:48pm Nov 17, 2023 2:48pm

spacetravel
| Joined Mar 2023 | Status: Trader | 50 Posts

Quoting andrelucas

Disliked

{quote} Thanks for the strategy, do you operate in a prop firm or do you operate with your own capital?

Ignored

Propfirm, Topstep

#165
Edited 11:57am Nov 18, 2023 9:11am | Edited 11:57am

MachineLearn
Joined Nov 2023 | Status: Trader | 1,398 Posts

Fascinating strategy. My contributions (pinescript) will be an indicator that automatically detects divergences. Additionally, RSI candles to visualize over extended trends. These are the best times to trade this system. Looks very good!

#166
Nov 18, 2023 6:15pm Nov 18, 2023 6:15pm

MachineLearn
Joined Nov 2023 | Status: Trader | 1,398 Posts

After testing, Triple divergence seems infinitely more powerful. The less divergences, the more you will rely upon other indicators to help confirm entries.

The longer the trend (further price has deviated from its mean) the less you will rely on other indicators for entry confirmations (specifically when dealing with counter trend).

These concepts together can increase profitability with this system.

#167
Edited 12:21pm Nov 21, 2023 11:54am | Edited 12:21pm