Version Zero (more work needed) of an idea I've been meaning to out into a strategy for a while. 🤯
This uses percent boxes🤔 instead of traditional indicators like RSI, MACD etc. 🤫
Takes the first close price of the series and creates a Top Band 10% up, buys if price reaches that level, and puts a stop on a Bot Band, 10% down When the first trade is in profit by another 10%, it enters another trade and moves the stop of the first trade to breakeven ~ this way it only has one unit of risk at a time
/// Designed for LONG only on Daily, 2D or 3D Charts👌🏻 /// Uses fixed investment risk amount, meaning you're willing to lose that amount per trade /// Limit buy to not overpay on entries
/// Idea Based on the Darvas system: /// System only enters trades on strength, when prices equals of exceeds the green line /// It ads onto the trades, but only *IF* the previous trade is in profit by the UpBoxSize percent size /// The trailing stop loss is moved up, with the red line /// A key idea is to only take one unit of risk at a time, meaning for a new add on trade to be taken, the previous trade should be in profit by the same box size as the new new trade's stop loss
/// This will keep adding trades again and again, and they will stop out at the same stop loss /// Yellow Circles is an MA that filters out choppy areas -- this system only does really well on trending linear markets like: TQQQ, SSO, SPX, SPY /// Base setting is 10% UpBox Size and 10% DnBox Size: 15% & 15% will be more accurate but fewer signals. 13% profit and 10% stop loss will give a higher risk to reward ratio
Great job and a good indicator. Still I have small request to you (@HermanBrummer) can u pls add date range in to indicator as it gets repainted next day. Thanking u.
crootster
⋅
Same idea, have you ever thought of adding the Short side as well, especially seems Stocks can be shorted through CFD's. Looks really interesting with a bit of a Darvis Box twist to it.