Excellent Indicators to daytrade the ER

HI Cazza,

do you still (paper?) trade the DAX with your system ??


Charly

 

The chart looks good and clear. I can see it really good. Thank you for sharing.

 

I don't think the ADX reaches above 50 too often like you recommended in your image. Mine never does.

You said to take profits if ADX reaches above 50. My ADX stays around 25 to 30. Never goes higher. I have mine set at the same 14 as yours. I guess everybody's software is different.

 

You may have an adxr (averaged adx) rather than a raw adx.

If there are 3 inputs rather than 2 thats a dead give away (try setting the last one to 1 to create a real adx)

Also shorter timeframes (like 1min) will create higher adx values than 3m or 5m

 

Mine doen't work either that way.
Pity - would love to have such a tool- thats all you/I need for trading.

Charly

 

I like the way you are thinking, price action is key IMHO. Can you post a chart or two showing a few of your trades and how your money management would show you consistent profits even if just taking random entries ?

Cheers

 

BTTT....Rumpled one ?

 

see page 5 or www.kreslik.com

 

Would someone be able to post the
(or drop it via PM)

Linear Regression Indicator formular -
Tradestation version -

Thanks - highly appreciated

Charly

 

Page 5 ?