by Coondawg71 » Fri Oct 12, 2012 8:28 am
Can I please request a second version for this Strategy. This version would use a bigger time frame for stronger trend direction bias as a confirmation prior to opening/closing trades.
Idea is this:
1. 15min Schaff Trend Cycle Oscillator crosses up through 90 showing bullish price/strength and potential LONG position. Long position would only be opened if the Daily Schaff Trend indicator "confirms" (which in this scenario would most likely read "99-100") this possible opening LONG. Position would be CLOSED when the shorter time frame indicator (15min) no longer is in agreement with the larger time frame Daily.
2. I realize that both indicators reading exactly "100/-100" for perfect agreement would occur very seldomly and for a very short time, this would prove useless for the strategy. The strategy would need trades to open and stay open as long as the shorter time frame is in the Strength zone, which should be defined by user parameter settings. In this case "90".
Thanks,
sjc