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SketchBook - Sharing ideas on trading systems

  • #1
  • First Post: Feb 21, 2016 1:17am Feb 21, 2016 1:17am
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No guts, no glory
  • #2
  • Feb 21, 2016 1:18am Feb 21, 2016 1:18am
Visible Chart Rectangular System
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  • #3
  • Feb 21, 2016 3:49am Feb 21, 2016 3:49am
Visible Chart Rectangular System (VCR) is a visual trading system which might evolve into an EA later.

Rectangles (or lines) will dynamically move after the close of each new bar (using a to-be-developed indicator).

Top and Bottom lines will be drawn using Visible chart high and low (+2% buffer) respectively, you can zoom in or out as desired. I prefer max zoom out on lower time frames and medium zoom on higher time frames.

Then the area between the top and bottom lines is divided into 6 smaller areas:
- 2 areas at the top each = 1/7 of total area.
- 2 areas at the bottom each = 1/7 of total area.
- 2 areas at the middle each = 1.5/7.

We apply range trading in middle areas, with SL at the edge of the break out area.
We apply break out trading at most top and most bottom areas with SL at the edge of the ranging area.
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  • #4
  • Feb 21, 2016 5:08am Feb 21, 2016 5:08am
Reminds me of TRO daily wick zone trading.

https://www.kreslik.com/forums/theru...-trading-t8643
Solutions ONLY!!!
  • #5
  • Feb 22, 2016 1:17am Feb 22, 2016 1:17am
Visible Chart Levels Indicator.

Attached Image (click to enlarge)
Click to Enlarge Name: vcl_01.PNG Size: 53 KB
Attached File(s)
File Type: ex4 VCL_01.ex4   9 KB | 857 downloads
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  • #6
  • Feb 22, 2016 5:30am Feb 22, 2016 5:30am
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  • #7
  • Feb 22, 2016 6:32am Feb 22, 2016 6:32am
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  • #8
  • Feb 22, 2016 10:06am Feb 22, 2016 10:06am
This is the current status of EU trade started from post # 5.
I will leave now, and keep it running.
Attached Image (click to enlarge)
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  • #9
  • Feb 22, 2016 10:30am Feb 22, 2016 10:30am
Quoting abokwaik
This is the current status of EU trade started from post # 5. I will leave now, and keep it running. {image}
Wow! another quality shares from the Master Many thanks!
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #10
  • Feb 23, 2016 3:14am Feb 23, 2016 3:14am
Yesterday's trade almost touched BE line but still surviving.

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  • #11
  • Feb 23, 2016 3:36am Feb 23, 2016 3:36am
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  • #12
  • Feb 23, 2016 3:48am Feb 23, 2016 3:48am
Quoting abokwaik
{image}

Hello Abokwaik ,
It is very interesting to distinguish the turbulent zone to trend zone.
I guess you finally do an EA that makes entries breakout area .
Congratulations as always by these developments .
  • #13
  • Feb 24, 2016 3:20am Feb 24, 2016 3:20am
Can it get any simpler ?

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No guts, no glory
  • #14
  • Feb 24, 2016 3:35am Feb 24, 2016 3:35am
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  • #15
  • Feb 24, 2016 5:39am Feb 24, 2016 5:39am
Quoting abokwaik
{image}
Looking good !
Are you able to say whether the range trades or the break out trades are the more profitable ones?
  • #16
  • Feb 24, 2016 5:49am Feb 24, 2016 5:49am
Quoting SputnikX
{quote} Looking good ! Are you able to say whether the range trades or the break out trades are the more profitable ones?
So far all trades were break out trades due to current market situation.
We can judge the range trades once we get there.

The concept is very simple.
See how many pips those 3 pairs moved since I posted the chart in post # 13, 2 hours ago, although they were looking OverSold.

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  • #17
  • Feb 24, 2016 5:58am Feb 24, 2016 5:58am
What about implementing this on multiple time frames.
That would be something
No guts, no glory
  • #18
  • Feb 24, 2016 6:22am Feb 24, 2016 6:22am
Quoting abokwaik
What about implementing this on multiple time frames. That would be something
how about making it an EA. That would be something
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #19
  • Feb 24, 2016 6:26am Feb 24, 2016 6:26am
Quoting Soros
{quote} how about making it an EA. That would be something
No way

It's been only 2 days, let's have some fun first ....
No guts, no glory
  • #20
  • Edited Feb 25, 2016 1:53am Feb 24, 2016 6:36am | Edited Feb 25, 2016 1:53am
Any way, this is the place where you can freely sketch your thoughts ...

Pick up your pencil and sketch something ...

Why don't we start by listing our biggest trading mistakes ...
and sketch out a system doing exactly the opposite ?

reminds me of Magix's Falling Knives, I wonder how he's doing ... Great Guy!
No guts, no glory
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