1st of all thank you for making the video but this strategy as described doesn't work. The reason? It's the explanation of where to put the stop loss "just under/above the buy/sell banner" This is because the banner is not fixed to a certain price point. It moves depending on if you zoom in/out on the price axis. So in reality 2 people following the rules exactly will have 2 different stop losses depending on how zoomed in/out they are!
Hi! I don't understand what you mean. The banners that are printed by the Lorentzian Classification indicator will stay at the same price no matter how far zoom in or out. I do understand that the time frame variation will change the buy/sell banners, but zooming out and in won't change your stop loss level.
@TGinvesting101 hi, have a look for yourself, all on the same timeframe so no need to change timeframes. Take a buy banner for example, then draw a line at its price point. Then zoom in by scrolling on the price axis on the right of the chart. You'll see that the buy banner is now in a new position which is above the price point of the line. Zoom out by scrolling down on the price axis and it's now below the line hence the stop loss will be different for different people depending on how zoomed in/out they are on the price axis. Another way is to draw the long position with the stop loss going to the tip of the banner. Then zoom in by scrolling up on the price axis and you'll see the buy banner now breaches the stop loss. Opposite true for sell banners of course
Grazie per i tuoi video, sono utili. Comunque l’ indicatore Lorenzian nelle impostazioni contiene già l’operazione ema 200
1st of all thank you for making the video but this strategy as described doesn't work.
The reason?
It's the explanation of where to put the stop loss "just under/above the buy/sell banner"
This is because the banner is not fixed to a certain price point. It moves depending on if you zoom in/out on the price axis. So in reality 2 people following the rules exactly will have 2 different stop losses depending on how zoomed in/out they are!
Hi! I don't understand what you mean. The banners that are printed by the Lorentzian Classification indicator will stay at the same price no matter how far zoom in or out. I do understand that the time frame variation will change the buy/sell banners, but zooming out and in won't change your stop loss level.
@TGinvesting101 hi, have a look for yourself, all on the same timeframe so no need to change timeframes. Take a buy banner for example, then draw a line at its price point. Then zoom in by scrolling on the price axis on the right of the chart. You'll see that the buy banner is now in a new position which is above the price point of the line. Zoom out by scrolling down on the price axis and it's now below the line hence the stop loss will be different for different people depending on how zoomed in/out they are on the price axis.
Another way is to draw the long position with the stop loss going to the tip of the banner. Then zoom in by scrolling up on the price axis and you'll see the buy banner now breaches the stop loss.
Opposite true for sell banners of course
Found this strategy very successful! Thank you so much
Glad it helped!
how long did it took for you to take those 200 trades?
Hi! For the backtest on this video, the 200 trades took just under 5 months.
it is posible to change settings for 5min scalping for more accurate?
Could I use this on Daily Time Frame? Do I have to change any settings for Daily TF.
Hi! Yes, you can. The settings will adjust automatically for this strategy, so no worry to change them!
@@TGinvesting101 Thank you so much
got hundred of parameters inside... and the setting is default?
Hi! For the strategy I display in the vide, the default settings will work best.
Superb sir
Thank you! Good luck!