bateriabaja Discussion started by bateriabaja 1 year ago

Comrades, I hope you all had a profitable new year. For a few months now, I have been applying a strategy based on the HA Algo oscillator and the price position in relation to SMA 200.

I would very much like you to take the time to give it some review and feedback. Frankly, it is quite simple and, more importantly, completely standardisable and automatable. I use it for Forex on a 1 minute time frame. On average, in the last three months the strategy has given me 10 entries/week, 90 min wait until reaching TP, 70% effectiveness and 1:5 RR. For me it's more than enough, given that it is about making an agile and quickly executable analysis. But I would like to have external opinions to see how to improve it.

From a price action perspective, it is about identifying the levels where the price has actually reached an exhaustion phase (RSI + HA candles rally), while the opposing forces have been building up to make the next big move (internal SMA 200 + stochastic position).
SCENARIO OF INTEREST

there are 4 validation elements. 4/4 must be fulfilled

1. HA candles must come in a clean rally (at least 7 consecutive candles that break at least 2 levels between: -10, 0, +10).

2. Rally must be completely below stochastic for bullish entries and completely above stochastic for bearish entries.

3.The internal moving average must be SMA 200 (set it up) and, at the time of the alert, must be above or below zero (as appropriate).

4. On the chart, price must be above the 200 SMA for bearish entries or below the 200 SMA for bullish entries. It is also valid when price pulls back to touch SMA200 for momentum (these are the highest momentum entries).

ENTRY
 Once the scenario is validated, I enter at the close of the next candle that is a multiple of 5° (XX:00, XX:05, XX:10, XX:15, etc.). Why? Because it works for me.
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-> Here are some entries from the last few weeks to visualise the strategy in practice.









Replies
CoffeeShopCrypto
CoffeeShopCrypto These are impeccable! Love them. I have lately been studying the oscillator movements when there is what you see here as a RALLY. ive noted a rally... Show more 1 year ago
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CoffeeShopCrypto
CoffeeShopCrypto That 3rd image you posted though is a tough one. It seems you may have developed a confluence for a liquidity run of a lower timeframe to a price... Show more 1 year ago
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bateriabaja
bateriabaja Hi Eric, thanks for your feedback. Regarding the first comment, I don't know if it is possible to configure the option to capture the rally, that... Show more 1 year ago
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bateriabaja
bateriabaja The third image is interesting because it corresponds to the price behavior after some relevant news. On Friday specifically at 8.30 am. So I put it... Show more 1 year ago
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