"Buy low, sell high." This system buys the dip and takes profit for a high win rate. It uses an ATR take profit and ATR stop loss. It buys the dip when the close is below the previous 7 day low. Daily timeframe is best. Enjoy ♡
If I add this to my favourite indicators and I apply it on the chart, will it give me signals automatically?
Does it work on forex and cryptos too?
racer8
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@apostlealake, it works in all markets including forex and crypto. Yep, it gives signals, but not alerts!
apostlealake
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@racer8, Thank you Mate for answering. One more question pls.
Does it work on all timeframes or just the daily?
racer8
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@apostlealake, I've only tested the daily timeframe. As far as I'm concerned, it probably works on any timeframe. But the only way you can really be sure is to test it yourself. Good luck!!
Minimal_Est
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Hi, great stuff !
What if I want to add a 50% sell at 1 ATR away from entry, and a trailing stop loss after 2*ATR from entry ?
Any idea ?
As someone fairly new to trading this is absolutely awesome and my favorite!!!! I especially like the price points to buy and take profit. I have one question that you may be able to help answer: I noticed a slight delay on my end where if the "Buy the Dip Line" is already hit, whether the price is falling or rising, the new price point doesn't seem to change quick enough on the screen where I can enter that new position before that price point is met. Is there a setting I need to adjust and or do you have any recommendations? Thank you again for all that you do! I'm looking forward to a possible version 2. If not, It's still Great and I will continue using your script. Thanks again!
Swamp_Trader
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kind of like a Demark indicator for the buy trigger
Hi, your script is the Banger! I like it because it suit my trading style. Thanks for sharing. Looking forward to more proving script like this from you in the future.
Does it work on forex and cryptos too?