Explore the different trading strategies available in Tradeture. Each strategy is designed to help maximize your profits and manage risk effectively.
FIB886
Identify market bias, Identify support / resistance, places a trade at retracement 0.886.
- Key Rules:
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Identify levels of obvious price rejections then places a limit order at retracement 0.886,
from the support level to highest low.
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The Psychology why the strategy should work is when a rally happens, most panics to buy / long
at the nearest support level (retest), but since everyone does not want to get left out (FOMO)
they adjust their entries a little bit higher.
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Another reason why this strategy should work is because 0.886 level is the level of Invalidation
for most harmonic patterns at point C and most put their stop losses there, and is why it is a good entry point
as stop hunt does happen occasionally.
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Take profit is set at the nearest Order block level for conservative approach.
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Take profit at highs (liquidity grab)
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Take profit at breakout level (-0.618 retracement)
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Stop loss at 1.05 retracement level
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Risk to reward ratio is 1:5 up to 1:9
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Invalidation of the trade is if any of the candle after entry is triggered closes below entry price. The setup is invalid.
Triple Confluence Bias Strategy (TCBS)
A scoring based strategy for Market Structure, Relative Strength Index (RSI) and Exponential Moving Average (EMA),
refined and applied risk mitigations for stop hunt scenarios.
- Key Rules:
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Measures RSI, EMA and analyses Market structure through candlesticks to Identify bias.
Run into a scoring based algorithm to determine the bias percentage based on score.
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calculates Risk-Reward-Ratio upon signal reaches 60% confidence in bias / direction.
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Identifies Liquidity levels, and determines Entry, SL, TP based on these levels.
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If Risk-to-Reward Ratio is less than 1.5 it enters at the nearest liquidity and targets the furthest liquidity according to bias.
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If the Risk-to-Reward Ratio is greater than 1.5, it enters the trade with the stop at the nearest liquidity, and targets the furthest liquidity.
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Risk-to-Reward Ratio is 1:1.5 onwards