Important NEW Trading System Updates And Feedback Suggestions.

From Greg M

Lions and friends.

I have gotten a tremendous amount of feedback on my new trading system as of late, bottom of the page, and by far most of the feedback has been positive. I have also had many suggestions on how to improve it, which I welcome.

First off, these are the original settings.

ALL OF THE SETTINGS------ Renko bars (50 ticks). Hull Moving Average( HL2, 6,0). ADX (2, Wilders). RSI (3, 70, 30, HL2, Exponential).

I also suggested several possible additions, which include a couple of things..

1. You may want to stretch out the days settings out to 5, then just zoom in on the chart.

2. I had suggested an optional indicator, that indicator is called the Aroon Indicator with the settings at (4).

3. You also may want to add the On Balance Volume Indicator.

4. You can also buy options which expire 1 or 2 days out, or even longer, as opposed to same day expirations.

It has also been suggested to me by some to both either shorten the Renko Bar ticks, and possibly even make them longer. Keep in mind that if you reduce the number of Renko Bar ticks- the chart will become more “noisy.”

You can certainly play with the chart/indicators and “tune it” to your liking, but BE CERTAIN to paper trade with it first! Achieve a 70% trade success rate, then begin to trade with real cash.

Realistically people who want to use this system should paper trade for at least 2-3 weeks, learn the system, THEN if you want- attempt to tweak it.

GM