Lions and friends…
Question… How many of you are using my new system with the updates I posted? (See link below).
Today, being 3/1/23, the system picked out just so far at least 2 opportunities which made money- its 8:55AM PST.
Anyway, I would really like to hear from some of my Lions out here, even if you are paper trading.
Is this system working for you?
Here is my report. For few years I have been struggling to be consistent in trading, I have tried and learned most of the popular systems staring from ET and Fib through Ichi Cloud and lately VWAP and AVWAP. I tried these methods for swing and scalps.. my trades was never consistent, or I should better say I was not profitable. It was not my first time playing with Renko bars, I have tried this before the reason I moved away from it is because I was charting on Tradingview. Using Renko on Tradingview is diff because it prints bars based on timeframe you are on. It did not make sense because Renko should not care of a time.
I started using Greg's Renko strategy on TOS and did look interesting, I had 3 trades and 3 wins in 2 days. For few days now I have been playing with modified version and here is my strategy where I have so far 7 of 7 wins.
( FYI if you want to play with indicators this is IMO the best open source TOS community - usethinkscript.com)
- Ticker SPY
- Indicators:
Renko (Greg's config), HullMovingAverage ( Greg's config - you can find code I use for indicator here free - https://usethinkscript.com/threads/hull-turning-points-concavity-for-thinkorswim.7847/ ), and Stoch Slow (5,5)
- Trading Strategy:
Enter Long -> when Hull prints buy signal and Renko "close" first change trend bar, use StochSlow for My TP and SL is 25%. ATM (At the Money) Calls.
Enter Short -> when Hull prints sell signal and Renko "close" first change trend bar, use StochSlow for My TP and SL is 25%. ATM Puts.
I hope this helps!!! Thank you Greg for all you do!!!!
Been watching from the sidelines for a couple days and it seems like a great system. I tried it on the QQQ chart this morning and had 2 successful put trades. And this was without the extra indicators, just the ADX, RSI, and HullMA.