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Thank you very much guys for taking the time and energy towards this project , keep in mind that the strategy will be posted in the strategy download section for everyone to profit from , I noticed that it works really well in 6E and nails $200 easily every morning :
the setup is easy : ADX VMA trade zones : will show zones where the market is trending and zones where the market is consolidating that's the beauty of this indicator , it has several other embeded features like the diamond , but frankly I don't know how to read them , I use it most to visually spot long and shorts ,
EMA : set to 30
price closes above EMA and ADX rising and ( DMI - DMI + start to seprate , I go long )
price close below EMA and ADX rising and ( DMI - DMI + start to seprate , I go short )
my Big issue it to find a way to get out of consolidation areas ,
I am not a technical person as you can see , but the logic behind this strategy is that it works on tick charts , spots mini trends even when market is ranging on minutes charts and gives you 2 good signals every morning , enough to make a living
I have attached another screenshot from 6E ,
Thanks again
Sorry I got ahead of myself there . One can add price, EMA, and ADX easily, or delete the code above (never delete, start a new file or save as!)... but its past my bedtime now.
The "every morning" statement is also worth noting. One can code times to trade.
On "consolidation"... that might be holy grail stuff. One timeframes consolidation might be another timeframes trend.
I have attached a screenshot of valid entry points , ( long side only ) the yellow line in the ADX VMA shows consolidation areas , this is where the trailing stop should come into play , because is market is only retracing to go higher we will still be there , if it's going lower the trailing would take us out of the market after locking some nice profits from the previous move , that's the idea
Thanks
you have to write down an exact description of all conditions at the moment we do the entry.
then we have to look at wich other point these conditions are valid and if our description/ entry-definition is good enaugh or not.
what does EMA
what does DMI
what does ADX
what does Price