Lions and friends…
Traders especially…
I have been working on this around the clock for weeks, and I feel like its done.
I built this intra-day trading system on ThinkOrSwim, but I am sure that you can use these indicators/settings on any trading platform.
25 ticks Renko Bar System. TRADE SPY ONLY…
Settings below.
Chart should look like this.
I would suggest paper trading with this for a while, get used to it. The signals are strong. When looking to buy calls, look for each lower indicator to be giving you an up signal, confirm that with a green Renko bar forming ABOVE the simple moving average- settings above. If looking to buy puts, just the opposite.
Use the Moving Average bands to detect low, and high, volatility- this is demonstrated on the bands moving closer, low volatility, or wider, higher volatility.
The Range Bands will give you an idea of where the most likely price action should go. If looking to go long, the price action should be bottoming out near the bottom of the Range Band, and vice versa.
TIP: When you enter a trade, immediately set up a limit sell order. Look for small consistent profits. If you use this system correctly, you should EASILY and realistically make 5% per day with whatever bankroll you are using.
NEVER bet against the trend.
Look for several opportunities per day to jump quickly into and out of a position.
PLEASE KEEP ME POSTED ON YOUR PROGRESS.
GM
You are the Robin Hood of Wall Street in word and deed.
Thank you so much for sharing your work.
Greg thanks so much for sharing this. Any stocks you recommend trading using this method?