Trading Strategies Based on Advantage Package
Advantage Package allows to create many discretionary trading strategies. Advantage Lines can be used to recognize and follow the trend, Advantage Colors shows strong directional signals, Dots and Oscillator generates mean reversion signals. Now, it is enough to combine them into logical and profitable strategies.
Simple Trading Strategy • Trend - Advantage Lines: 2.0 - 4.0, uptrend if the price is above the Line, downtrend if the price is below the Line. • Signals - Advantage Colors: red for sell signals, blue for buy signals - only in the direction of the trend. • Take Profits - Mid-term Dots: if the position is profitable exit position on the close of the bar when it appeared or at the first bar opposite to the trend. • Stop - Trend Line (above).
Strategy can be used on time or tick bars.
Trend Following Strategy • Trend - Advantage Lines: 5.0 - 7.5, uptrend if the price is above the Line, downtrend if the price is below the Line. • Signals - Advantage Lines: 1.0 - 2.5: crossing the price with the Line - only in the direction of the trend. • Take Profits - Mid-term Dots: if the position is profitable exit on half position on the close of the bar when it appeared or at the first bar opposite to the trend. • Stop - Signal Line (above).
Strategy can be used on time, range or tick bars.
Swing Trading Strategy • Trend - Advantage Lines: 5.0 - 7.5, uptrend if the price is above the Line, downtrend if the price is below the Line. • Signals - Advantage Mid-term Dots and Advantage Oscillator signals in overbought/oversold zone within 1-3 bars one from another - only in the direction of the trend. • Take Profits - If the position is profitable: a) Mid-term Dots to take profit on first half position, b) Oscillator signal to take profit on second half position. • Stop - Advantage Lines: 1.0 - 2.5, separate for long and short positions.
