Hi All,
[updating rules and trading style in progress...be patient: 21/09/2018]
Trade When Triangle (TWT), now aptly called dwebTWT, was formed to enable a calmed approach trading eusing the geometry of the Triangle.
Style: Manual
Indicator: You are free to develop your own.
Terminology:
Start Bar (SB): This refers to the bar chosen to be the start bar where the horizontal line or Start Bar Line (SBL) will be drawn either at the H or L of the SB depending trend direction of previous bar (TT).
High Probability Entry (HPE):. In an up trend, The Low of SBL is exceeded by higher lows
High Probability Exit (HPX): Under development / User can decide for themselves pending trading style.
Trade When Triangle (TWT): This is the result of a triangle formed when a 2nd diagonal line is drawn from the SB & SBL to the highest High in an up trend or lowest Low in a down trend..
Double Trade When Triangle (dTWT): This is the result of a double triangle formed on the same SB & SBL forming triangles in the opposite directions.
Strategy Tester showing how trades were made:
++ posts #82-#84 will show how trades were done as a whole
Method defined:
++ post #164 done by Platanero brings it all together in its current form.
Time frame: pending the asset and trading style:
++ M1-H1
Monitoring:
++ H4 -MN1
For now a picture to wet the appetite.
dweb(◆)
[updating rules and trading style in progress...be patient: 21/09/2018]
Trade When Triangle (TWT), now aptly called dwebTWT, was formed to enable a calmed approach trading eusing the geometry of the Triangle.
Style: Manual
Indicator: You are free to develop your own.
Terminology:
Start Bar (SB): This refers to the bar chosen to be the start bar where the horizontal line or Start Bar Line (SBL) will be drawn either at the H or L of the SB depending trend direction of previous bar (TT).
High Probability Entry (HPE):. In an up trend, The Low of SBL is exceeded by higher lows
High Probability Exit (HPX): Under development / User can decide for themselves pending trading style.
Trade When Triangle (TWT): This is the result of a triangle formed when a 2nd diagonal line is drawn from the SB & SBL to the highest High in an up trend or lowest Low in a down trend..
Double Trade When Triangle (dTWT): This is the result of a double triangle formed on the same SB & SBL forming triangles in the opposite directions.
Strategy Tester showing how trades were made:
++ posts #82-#84 will show how trades were done as a whole
Method defined:
++ post #164 done by Platanero brings it all together in its current form.
Time frame: pending the asset and trading style:
++ M1-H1
Monitoring:
++ H4 -MN1
For now a picture to wet the appetite.
dweb(◆)
We err, and err, and err again, but less.