Quick Trick using Weekly Bars to Make Better Trades

Рет қаралды 4,121

2 жыл бұрын

In this video I demonstrate how to use certain types of Weekly Price Bar or Candlesticks to produce the best trades. We use the weekly bars as filters as to whether or not to take the next trade.
The entries to the trades uses a simple TDOW or Trading Day of the Week method.
Once we know which day of the week is most bullish and which is most bearish we can only look to take the trades once the weekly bar has the correct formation.
I test using Multicharts and the testing is done on EURGBP forex pair using data from Oanda.
Grab 3 favourite strategies for FREE in my new 22 page Beat the Markets Strategy Guidebook here: www.thetransparenttrader.com/...
Interested in MultiCharts? Email me to find out about their latest deals - jarrod@thetransparenttrader.com
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DISCLAIMER:
I am not a financial advisor and I am not offering you financial advice. I am not regulated in any way. The purpose of the content I provide is for educational purposes only.
Any information you receive is based on my own knowledge and experience in the financial markets and how you act on the information provided is your own responsibility.
I cannot be held responsible for any losses you may incur as a result of ideas taken from my content provided.

Пікірлер: 15

@nnebok.6534 2 жыл бұрын

Thank you for continuously providing educating videos, very informative.

@banana1618 2 жыл бұрын

fascinating study Jared - good, clear and logical thinking: doesn't always work with markets. In this case, the idea certainly worked - wtg!

@FINEFELINE333 2 жыл бұрын

Thank you for the interesting video. Would it be true to say that the strategies with the least number of filters tend to be more reliable and consistent in the long run ?

@theafricanquant501 2 жыл бұрын

bookmarked. Lovely video as usual

@simonnattrass2171 2 жыл бұрын

Brilliant. Wondering how this strategy could be turned into a more active trading strategy on lower time frames.. any ideas appreciated (I'm only at ideas stages just yet)

@Madpak06 Ай бұрын

hi ive been trying to enroll, how do i do this please

@jack_sparrow1049 2 жыл бұрын

How to beat buy and hold return?

@mikamanty28 2 жыл бұрын

E.g. by having number of this kind of algos running on multiple instruments in parallel. So basically going wide instead of betting all on one horse . That is way better approach than hunt for the non existing single holy grail strategy. Easier to find and combine 10 strategies that do 2% per year than to find one which does 20% per year with similar risk. E.g. this channel has provided already bunch of such algos. Need to combine them all (or at least the best ones) to a portfolio. Thanks Jarrod for all simple ideas!

@jack_sparrow1049 2 жыл бұрын

@@mikamanty28 thankyou very much

@Dx_Ach 2 жыл бұрын

fractional positioning. for example, if you have 3 positions, with TP at 15, 35, and 50. You get 100 pips in only a 50 pip move.

@matan7899 2 жыл бұрын

Bro all of this is only for investing not trading. If you're trading actively, I suggest to learn and work with only one instrument. Look at the charts and try to find a strategy with what you have

@dionisis_20n 2 жыл бұрын

@@mikamanty28 having 10 strategies with 2% return each, your total return would still be 2%...