by Coondawg71 » Tue Apr 24, 2012 8:02 am
First, Thanks for the List!
Second, sorry for this large post, but as they say, a picture says a thousand words, so...
As per the Strategy, I would like to illustrate 3 different scenarios and hence 3 different Algorithims/parameters. I consider them Conservative, Moderate and Aggressive.
Conservative: open trades only when Bull or Bear signal is JOINED at the same maximum value of 110 and closes position when the POWER signal decreases to less than 110, similar to the Schaff Trend.
Moderate:open trades when the Bull/Bear signal AND the POWER signal have both crossed up through the opposite Bear/Bull signal, and perhaps after both the Bull/Bear signal and Power signal have crossed ABOVE 50, similar to a CCI.
Aggressive: open trades when Bull/Bear signal crosses opposite signal. Probably most like what the Total Power Indicator was intended to be used.
To further utilize the Strategy, and this would make it more complex, give the trader the option within the trading parameters to combine different Algo's for entry/exit. Example: Entry Algo: Aggressive and Exit Algo: Moderate
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