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Posted (edited)

ive used this simple strategy on mostly nasdaq for a long time..it often times will not get you the big move but smaller scalps throughout the day..basically just use a loose supertrend with renko 6/2 and you sell at reversal bars of the atr line, stop is few ticks above super trend stop..posted pic of some trades during todays session which was down..could adapt to other markets but you would need to backtest various supertrend settings..the most important thing is this method will keep you out of the horrible chop on some days..some times simple is best!

http://imgur.com/a/HRubi

Edited by curtw
Posted
Im just making the same method with incredible sucesss but using some indicators from Jay system and Fib gold zones from gzt perhpas we can mix ideas here and create the final system if you want
Posted
to avoid chop use fib retracements mixed with your trend lines and confirn orders with orderflow or volumen analisys Symdelta is a excelent indicator to validate entry
Posted
  curtw said:
ive used this simple strategy on mostly nasdaq for a long time..it often times will not get you the big move but smaller scalps throughout the day..basically just use a loose supertrend with renko 6/2 and you sell at reversal bars of the atr line, stop is few ticks above super trend stop..posted pic of some trades during todays session which was down..could adapt to other markets but you would need to backtest various supertrend settings..the most important thing is this method will keep you out of the horrible chop on some days..some times simple is best!

http://imgur.com/a/HRubi

 

Thanks but I have some doubt about this issue. You show the entry level but is missing the stop loss and target. Also PLS share the Supertrend ind and the Template.

Posted

This method is very simple just download the supertrend indicator from ninjatrader forum i use settings 15/2.5/15 on ninzarenko 6/2..Here are some of the possible trades today..Stop as i said above i place few ticks above ATR line about $80 stop..targets depend on the volatility but this method usually will always hit $80-100 on first contract then let a runner go to get more..As for confirmation i like to watch the ****** or bookmap heatmap just to be sure there are some levels above or below i can lean on for support..

http://imgur.com/a/Ek6bW

Posted
i recommend use Sym Delta and study what imbalance is the best accurate to define you are in to a bad trade im trading using a method like you and is really good but its very important keep stops in controlll to keep a high profit ratio
Posted
  curtw said:
ive used this simple strategy on mostly nasdaq for a long time..it often times will not get you the big move but smaller scalps throughout the day..basically just use a loose supertrend with renko 6/2 and you sell at reversal bars of the atr line, stop is few ticks above super trend stop..posted pic of some trades during todays session which was down..could adapt to other markets but you would need to backtest various supertrend settings..the most important thing is this method will keep you out of the horrible chop on some days..some times simple is best!

http://imgur.com/a/HRubi

 

curt,your system looks very promising.If you don't mind, could you please upload the template and associated indicators?

Thank you curt.

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