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Strategy - Dynamic Duo Customized

 
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kiranpatel42

Strategy - Dynamic Duo Customized

        

 

Strategy - Dynamic Duo Customised

            (Incorporating Alignment Strategy)

Template

Candles Stick

ApiaryPivots

SMA(3), SMA(5- Shift 1), SMA (60)

Stochastics (5,3,2)

ATR (10)

 

Process

Alignment

Possible 3 time frames

          4hr – 1hr – 5 min (HTF – ITF – LTF)

          1hr – 15 min -5 min (HTF – ITF – LTF)

 

Trade Setup – on HTF & ITF Stochastics Cross in same direction

Trade Setup – on LTF Stochastics Cross and SMA (3) & SMA (5 – Shift 1) cross in same direction as HTF & ITF

 

Pre Trade Analysis

ATR values on LTF, ITF & LTF

Target Based on 3 ATR value of ITF or HTF

Stop Loss based on 1.5 to 2 ATR value of LTF such that Reward to Risk is 2:1

 

Trade Execution

2 Trades - market entry when the setup is confirmed

Entry on LTF – SMA(3) & SMA(5-Shift 1 ) cross

 

Trade Management

Try to move stop loss by half as soon as possible.

If your analysis doesn’t work then get out of both trades.

Exit one trade once 3 ATR value of ITF or HTF is reached.

Second trade exit

-        If the trend is strong then try to enter another trade at appropriate setup and carry on the second trade otherwise exit once the SMA(3) & SMA(5-Shift 1) crosses on LTF.

-        If the trend is strong then try to enter another trade at appropriate setup and carry on the second trade otherwise exit all trades once the SMA(3) & SMA(5-Shift 1) crosses on ITF.

-        If the trend is strong then try to enter another trade at appropriate setup and carry on the second trade otherwise exit all trades once the SMA(3) & SMA(5-Shift 1) crosses on HTF.

 

In my strategy I am employing the following

-        Alignment (multi time frame)

-        Price Cycle & Time Cycle [SMA (3) & SMA (5 – Shift 1)]

-        Using external platform for easy and finding the trade setup

As it is said the MA can be dynamic  support and resistance.

Similarly I look my [SMA(3) & SMA (5 – Shift 1)] as dynamic Price Cycle  & Time Cycle.

I look for the setup as green vertical line on external platform as shown below

 

I go Alveo platform to place the trade and manage the trade on the external platform. The exit is shown as magenta line as above.

The trade shown above is the corrective phase and if you see the above fig that after the magenta line the motive phase will start.

With this strategy you can be in variety of trader position

-        Scalper

-        Day Trader

-        Swing  Trader

-        Long Position Trader

I would welcome any comments and discussion.

 

AttachmentSize
Submit a Trading Strategy to the Hive.docx132 KB
Tue, 12/25/2018 - 1:42pm
 
kiranpatel42

Sorry about the information wasn't showing.

I did edit by help of support team. It is working now and to see the Picture click the attachment and open the file to see it.

 
krasi123

that is good so is working now. I am more simple one.

 
coltwinchester

Yea, Very nice write up. I hope it keeps working for you.

 
trendsat

looks like a sound strategy.... thanks for post.