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Tease Me more @cpfleger

  • #5,501
  • Mar 9, 2024 2:50pm Mar 9, 2024 2:50pm
Attached Image (click to enlarge)
Click to Enlarge Name: image_2024-03-09_160957553.png Size: 17 KB

Can you share this indicator?
  • #5,502
  • Edited 7:53pm Mar 9, 2024 7:41pm | Edited 7:53pm
Quoting cpfleger
To Believe or Not........... {image}
Hello my friend
I try to see how to make your strategy highly profitable

Use 2 TF logic
Higher TF trend direction and lower TF follow higher TF trend direction but trades will be against current TF trend direction but in direction of higher TF trend.
=================================================

If you are using MA line as filter than no need 2 TF logic.

=================================================

Than add 2 signal logic
Example

If higher TF 5 min show 3rd candle entry signal
do not open trade
Wait in 1 min TF to show to 3rd candle entry signal
open trade in 1 min TF

In this way you will have double confirmation and limited high win rate trades.

Key is not to trade every signal
Key is to trade high win rate trades.
  • #5,503
  • Mar 9, 2024 8:31pm Mar 9, 2024 8:31pm
To those who ask for indicators, templates and indicator settings.
I've updated the first page, all the indicators and templates are there with the name Pips ART.
xinitial.
  • #5,504
  • Mar 9, 2024 8:39pm Mar 9, 2024 8:39pm
Quoting cpfleger
{image}
Sir, can you share your current template ?
I want to put it on 1st page .
xinitial.
  • #5,505
  • Mar 10, 2024 12:27am Mar 10, 2024 12:27am
Quoting Mike3108
{quote} Hello my friend I try to see how to make your strategy highly profitable Use 2 TF logic Higher TF trend direction and lower TF follow higher TF trend direction but trades will be against current TF trend direction but in direction of higher TF trend. ================================================= If you are using MA line as filter than no need 2 TF logic. ================================================= Than add 2 signal logic Example If higher TF 5 min show 3rd candle entry signal do not open trade Wait in 1 min TF to show to 3rd candle...
Hi Mike,
Can you do explain it in picture/screenprint ?
It help us to understand what you mean like before .
Thank you.
xinitial.
  • #5,506
  • Edited 11:26am Mar 10, 2024 1:23am | Edited 11:26am
Quoting xinitial
{quote} Hi Mike, Can you do explain it in picture/screenprint ? It help us to understand what you mean like before . Thank you. xinitial.
Hi my friend

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 307 KB


this is example of my point

Rest all is your own system nothing change
  • #5,507
  • Mar 10, 2024 1:59am Mar 10, 2024 1:59am
Quoting cpfleger
{image}
what setting do you use for Renko is it 5? Thanks
  • #5,508
  • Mar 10, 2024 3:02am Mar 10, 2024 3:02am
Quoting xinitial
To those who ask for indicators, templates and indicator settings. I've updated the first page, all the indicators and templates are there with the name Pips ART. xinitial.
thanks
  • #5,509
  • Mar 10, 2024 3:38am Mar 10, 2024 3:38am
I noticed the snake indicator is a repainter?
  • #5,510
  • Mar 10, 2024 5:13am Mar 10, 2024 5:13am
Quoting whiteso
I noticed the snake indicator is a repainter?
Yes it repaint .
  • #5,511
  • Mar 10, 2024 5:15am Mar 10, 2024 5:15am
Quoting Mike3108
{quote} Hi my friend {image}
Thank you, I will study your screenprint when I get back home.
xinitial.
  • #5,512
  • Mar 10, 2024 5:49am Mar 10, 2024 5:49am
Quoting cpfleger
{image}
hello,
it's very promising to see your system from your results.
I'm new to this channel.

Or could be. I find the system as well as the template.
Could you share it. That way, I could test it too.

Thanks for your help.

Patrick
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 291 KB
Sorry for my English: Google translator
  • #5,513
  • Mar 10, 2024 7:23am Mar 10, 2024 7:23am
Believe...
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Attached Image (click to enlarge)
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  • #5,514
  • Mar 10, 2024 7:45am Mar 10, 2024 7:45am
Quoting Mike3108
{quote} Hi my friend {image}
Hi Mike3108,
Is this what you mean in your screenprint ?
xinitial.
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  • #5,515
  • Mar 10, 2024 8:40am Mar 10, 2024 8:40am
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  • #5,516
  • Mar 10, 2024 8:58am Mar 10, 2024 8:58am
Quoting Mike3108
{image}
From what I get in your picture, m15 is directional bias and m5 for entry right ?
I will try to look at the move in real market tomorrow.
  • #5,517
  • Mar 10, 2024 9:12am Mar 10, 2024 9:12am
Quoting xinitial
{quote} From what I get in your picture, m15 is directional bias and m5 for entry right ? I will try to look at the move in real market tomorrow.
Yes my friend that what I want to say,
You are smart to get to right point very fast.
  • #5,518
  • Mar 10, 2024 9:29am Mar 10, 2024 9:29am
Food For Thought

Firstly, as stated in yesterday's screenprints, the bottom supporting Indicators define the directional Bias when trading on one TF (5M).

Once the Market changes the direction, the Histogram Bars and RSI Line cross and change direction to reflect the Market (I do not the 15M Chart to tell me this factoid). In my opinion, the present K System works well.

The Arrows on the Main Chart support this change in direction and then the Renko Scalp Line with the White Square give the entry point.

There is no need to add another Chart (15M) to clarify any direction change or add more instructions to the Trader and you will see the Renko Square when painted along with the Windows Message are very correct on the entry point and now comes the main issue - Bitcoin Spread Size.

In simple terms, the Renko entry point is 100% correct and the second part of trading called managing the trade position kicks in and now we watch the candle body and wick to gain the maximum extraction of the Market Volume (Wick).

I have attached a screenprint of comparing the 15M and 5M TF Charts as evidence that higher TF Analysis is not always correct as we now have more to watch and check before we pull the trading trigger. The Renko Scalping Indicator is also duplicated on the 5M TF Chart to supply a secondary decision Indicator and this supports my trading philosophy. If someone wants to do some statistical analysis on the Within 3 Candle Rule, you may surprise yourself with how great this Rule works without doing anything BUT managing the trade position especially on lower TF's.

I will stick with Oliver Velez over 45 years of experience and say - pick a trading TF and learn the Market with less Indicators and/or Charts.
cpfleger
Attached Image (click to enlarge)
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  • #5,519
  • Mar 10, 2024 9:34am Mar 10, 2024 9:34am
The Power of Within 3 Candle Rule once YOU pick a TF to trade..............
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 227 KB
  • #5,520
  • Mar 10, 2024 9:47am Mar 10, 2024 9:47am
Quoting cpfleger
Food For Thought Firstly, as stated in yesterday's screenprints, the bottom supporting Indicators define the directional Bias when trading on one TF (5M). Once the Market changes the direction, the Histogram Bars and RSI Line cross and change direction to reflect the Market (I do not the 15M Chart to tell me this factoid). In my opinion, the present K System works well. The Arrows on the Main Chart support this change in direction and then the Renko Scalp Line with the White Square give the entry point. There is no need to add another Chart (15M)...
Yes, in my experience of following what you teach me so far, switching tf when trading may lead to confusion and more consideration for makind decision.
xinitial.
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