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Having studied the charts (4 Range No Gap) with only Perry's method, a way to cut down on trades would be to take only the first 2 signals that occur after the 5EMA crosses the 20EMA. If the market continues to run then a third trade can be placed only after price retraces and touches the 20EMA. Take the next Perry setup after that occurs. Maximum 3 trades in a long run up or down.
A further filter would be to trade only in the direction of the 8 Range No Gap.
Thanks to Perry for his generosity and willingness to do a webinar.
I'm trying new some stuff with momentum bars and Perry's setup and thought I'd share my first impressions.
The pic is a comparison between regular range bars and momentum bars and besides having a 'cleaner' look, they also give cleaner signals at turnings points where the 4Range chart didn't. Momentum(2) is the equivalent of a Range(4) chart.
Again, this are my first impressions and I still have to test it more thoroughly.
Has anyone tried these momentum bars with Perry's method?
it's a long time I am out of games and now I saw this solid thread .
I'd like to ask you if it's possible to have herewith the complete list of indicators or the template that includes
all those so that I'll be sure not to forget some and the related correct settings.
Thanks for the valuable work and for the help I am sure you'll kindly provide.
This seems to me one of the most reliable threads in this always much interesting Forum.
My best regards
Alinghy
What Life is ? Only two things are infinite: universe and human stupidity, about the first one I am not so sure ... (A. Einstein)
I received a few private messages enquiring about my automation effort on Perry's set up. I finally have a "beta" version (using Method 1) that can trigger both Long and Short trades. If one has an effective money/trade management plan, he/she …