A simple system (or more)

I don't use these per say, but here are a couple starter systems.

1)
MACD crossover above zero line
volume (daily) 20% above previous


2)
MA 50 crosses above MA 200
OBV rising last 2 days
RSI (15) below 70

3)

RSI(2) below 2
lower candle shadow 2 times as long as body
high volume previous 2 days

Even a caveman can do it? No, but a start.

add or subtract as needed.....

Disclaimer: I don't use these.

I tried to answer some r/r and position sizing on another thread....I have a hard time explaining some of them and I'm somewhat protective of my on-line "profile". Not in fear of losing an edge, but of my personal information.

This is a great thread which explains a system build.

Of note is the anti-martingale approach to multiple losses in a row. If you are experiencing an above average drawdown, adapt and be ready to alter your system to correlate with the market. Nothing stays the same year over year.

Again, I'm truly grateful for your posts... The thread is genuine, deserves a read by all rookies... 8)

Also of note is the anti-depressant approach to multiple losses in a row. :lol:

Pay attention to this guy newbies, ignore the sparkling demeanor, and legendary charm, and learn.


Fun having you in the chat room Grunt, been a rush these last couple days.

I enjoyed it and thanks Aiki! I learn from you guys everyday. Wish I could get on more often, but it effects my concentration!!!