loop me in if swing trading
ha ha - you made my day,
![Er... what? o_O o_O](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
- we would be like the blind army marching into darkness, lol.
on a serious note i am working on this swing trade statergy seriously.
step 1 - use renko box of 0.50 rs for say lead (crude is 20 points) - only 1 min chart TF
step 2 - mark major support or resistance areas using trend lines
step 3 - overlay donchian channel (default value of 20,20)
step 4 - overlay 8 SMA
now we trade only in the trade zone (there are 3 zones on the chart) - as long as renko bars are hugging the outer we stay in a trade
the middle zone is a no trade - up or down.
back - testing seems good and clear. only thing is i feel that one lot initially should be the max irrespective of capital. that way we can let it run for some 25 odd trades and correct our personal shortcomings.
when free go through this and let me know how it looks to you. if you are ready we can take trades Monday on-wards and run a week of live testing and check . do let me know if you can tweak it better.
(i would honestly prefer just the SMA but initially i think it is better to fix these baby wheels for a while.
as a trader the journey is very lonely and when new at least it is better to have someone evaluate your view for a change - it is quite helpful.
do let me know how it comes across to you.
SL will be slightly more than one box below current box - say 1.5 boxes below approx.