Searching Indicator for Small Gains

[Jakobsberg]

The last signal generated by your 'system' was on 14 February of this year. Since that date, the market has run flat and the VIX has not fallen below 10, and shows no signs of doing so.

Thus, your trade is still open. And the OP is going to be making money, how?

A few brief points because I have a beer to drink:
- its not my system, but i suggested it as something to look at and think about. Especially as we have been in a long bull and buying fear has been rewarded.
- vix is one of the things I look at to buy dip with ITM options upto one month out. Vix at roughly 10 or flat is one of the exits, so is option expiry if decide not to roll over, so is if rapid upward move and switch to higher strike price to lock in some gain etc. Like I said just VIX is not my system but something to look at.
- depends which market you look at. Euro markets which i trade mostly are up since 14 Feb especially once you include 3 % dividend payouts in spring.
- I do not just look at one indicator. I think more and also context are needed. Many you can see by eye just from price anyay.
- quoting just one trade is always daft anyway and so is what the OP originally asked for.
- rather than looking for a 'safe' entry as the OP asked for I think you have to accept trades have high chance of going against you and the safety bit should be in the risk management part.

 

[Turveyd]

I'm currently using 3 envelopes and finding good entries and exits for small profits.

Basically, play the ranges, with direction, take a loss on going outside all 3 and expect to average down if the 1 you take has another range below it say.

Envelopes/MAE 6sma 0.02% 13sma 0.04% 26sma 0.05%

If the market isn't respecting these ranges then don't play, if it is, well 19 trades zero losers this month

Time and Experience will also be required, to know when to trade and don't hold over news times, bla bla bla.

Using on DAX. GBPUSD USDJPY currently.

KISS!!!!

 

[Wippi1817]

I'm currently using 3 envelopes and finding good entries and exits for small profits.

Basically, play the ranges, with direction, take a loss on going outside all 3 and expect to average down if the 1 you take has another range below it say.

Envelopes/MAE 6sma 0.02% 13sma 0.04% 26sma 0.05%

If the market isn't respecting these ranges then don't play, if it is, well 19 trades zero losers this month

Time and Experience will also be required, to know when to trade and don't hold over news times, bla bla bla.

Using on DAX. GBPUSD USDJPY currently.

KISS!!!!

thx for your message i will take a look at it - but why are you using 6,13, and 26 as parameter for sma? in which tf are you using it?

 

[Turveyd]

thx for your message i will take a look at it - but why are you using 6,13, and 26 as parameter for sma? in which tf are you using it?

There not SMA's, there Envelope Settings, basically a range X % either side of the SMA.

Check in your indications, ENVELOPE or MAE !! 0.02% 0.04% and 0.05% is the range of the MAE!!

M1 for that, it'll work on M5 or whatever but your ranges will be more, experiment with that yourself.