Tradeonix 2.0 (An Updated Version Of Tradeonix) By 1
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Tradeonix 2.0 Traders have been trading the Tradeonix system for a couple of months now, and over this time I have been able to pinpoint some of the places where traders are getting stuck. Tradeonix is an awesome system, but there are places where traders tend to take trades and lose. The question becomes, how can I alter the system in such a way to help reduce the signals when it comes to these sticky spots. Not a lot needed to be done as far as alteration, just a couple of settings. On top of some slightly altered settings, we have added a MACD indicator to help us determine counter trend trades by using divergence. Using its color, we can also use it to filter the trades as they are signaled. Image 1 This is a list of what will be changed or added: 3
Changes The Switch: This will be changed to 3 and 8 from the 2 and 5 it was originally. This will slow down the Switch and keep it from switching back and forth as much as it has been. The 2/5 setting make it hyper sensitive, but that also makes it change very quickly. With the 3/8 setting, we still get a timely signal, but it won't go back and forth as often making the switch signal more meaningful. This will delay the signal, but overall, it will still be in time for a good trade. Image 2 4
TB Cloud: TBS: The TBS will be changed from 3 to 5. It's a small change but it will pull the TBS line away from the price enough to serve a couple of purposes. 1. It will flip back and forth less allowing the short term trend to stay intact longer. 2. It will be pulled away from the price enough that we can use it now as a better aggressive trailing stop. TBM: The setting for the TMB will change from 10 to 13. This will pull the TBM dots away from the price and smooth it out to keep us in a trade for longer. The upside is we have a better chance of not getting stopped out in mild pullbacks, but the downside is the stop loss won't move as quickly, so our losses may be a few pips larger than they would otherwise be. Image 3 5
Tetragram: The Tetragram itself hasn't changed, but the settings have been opened up for you to make changes. With the altered settings, we will need the Tetragram to change with everything else. Image 4 6
Additions TBL_HTF: The TBL is a great indicator that we use to determine the trend direction. There is an arrow on the Arrows Panel that shows us what the TBL on the higher timeframe is doing, and we have been able to use this info to place something called a Higher Timeframe Trend Trade. The TBL_HTF arrow is only useful to us during the actual trade, it shows us what the higher timeframe TBL is doing right now, or currently. This is no good for backtesting, so I have created the actual TBL indicator to show us what the TBL is doing on the next higher timeframe. Image 5 7
RussMACD: The RussMACD indicator will do a couple of things for us. 1. We will use it to find divergence. This will allow us to take high probability counter trend trades. 2. We can use it to filter trades. We are going to be looking at the MACD color to determine if we should take a trade or not. - If we get a signal to go long, we would like the MACD to be green. - If we get a signal to go short, we would like to see the MACD is red. Image 6 8
Arrows Panel: The Arrows Panel is still there, but because of the added indicators, I have simply reduced the size of the window it's in. Image 7 Image 8 9
Rules The rules of the Tradeonix system don't change at all. We are not going to cover the rules in detail here, by the time you get to this point, you know what the rules are. What we will do is look at a few trades with the altered indicators and what I prefer to see. With the new settings, I will take certain trades and leave others alone. I will use the TBS more than in the previous version. How I trade the new settings: Trade signals are as usual. There are Aggressive trade signals and Conservative trade signals. Stop losses get placed as you would normally place them. Targets are also placed as usual. There is nothing significantly different about how Tradeonix 2.0 is traded. This is a good thing, this means you don't need to learn a new set of rules. What is different the way I trade the new settings: The trade methodology is almost the same. The signals are the same, the psychology behind the trades are the same, the overall process is the same as what we trade using the original Tradeonix system. What's different is that I prefer to trade only Conservative signals, unless I get a reason to take an Aggressive signal like a close past a trendline. I have reduced the number of trades to take, but overall, the win ratio will sky rocket. Stops: Stop loss will be placed at the indicator that is closes to the entry price. We have an option as to where we place our stop loss, at either the TBS or the TBM. 10
In the case of a trend reversal, almost always, the TBM will be closer to the entry. If the TBM is closest to the entry, then that is where I will place my stop loss. Image 9 When the TBS is closer to the entry, I will place my stop under the TBS. This will often be the case in a trend following trade. Image 10 11
As the trade progresses, I will follow along whichever indicator is closest to the price. There is an Aggressive trailing method and a Conservative trailing method, as there is in the original settings. With the new settings, the TBS is slower and farther from the price, and this allows for an aggressive trailing method that isn't going to get us stopped out as quickly. I will ultimately be using the TBS to trail the stop, but only when it is closest to the price. At times, the TBM will be closest to the price, so I will use that until the TBS passes it. Image 11 12
Using the TBS is a good way to let a trade run. With the looser setting, we can often get a lot from a trade that is going to run without choking the market out. Using the TBS is a nicer way to let more of your trades run. Image 12 13
Aggressive Trades: I am less likely to take an Aggressive signal with the new settings. They are there for you if you want to take them, they are still going to be valid entries, provided you have a reason to take the trade. For the most part, if the price is in between a red TBS and a green TBM, or in between a green TBS and a red TBM, then I will consider it a no trade, non directional situation. The Aggressive signals are less likely to play out than a Conservative signal. The higher probability trades come from a Conservative signal. Image 13 Aggressive trades do have the possibility to work out, but I will only take one if I can get some kind of additional confirmation. 14
MACD Filter: The Russ MACD is a unique variation of the regular MACD. The nicest feature of this indicator is its ability to smooth the moving averages that comprise the MACD. There are several settings to this indicator, but the main ones will be the MA and the Slowing settings. The MA setting is the period of the moving average. The Slowing is the smoothing factor of the moving average. For the MACD we are using, the settings for the Fast Moving Average will be: FastMA - 8 FastMASlowing - 3 The settings for the slow moving average will be: SlowMA - 21 SlowMASlowing - 5 15
This is a short trade that was filtered out by the MACD. If the MACD is green when there is a short signal, we would consider not taking the trade. Image 14 A Conservative long signal that was voided because the MACD was red. Image 15 16
Conclusion I work hard to help you get the best from your trading, and I think with Tradeonix 2.0, I have been able to help get you even more than you ever thought you could. Apply all the other lessons to your Tradeonix 2.0 and you will be on your way to financial freedom. Apply: 1. Higher Timeframe Trend Trades. 2. Support, Resistance and Trendlines. 3. Chart Patterns. 4. Counter Trend Trade techniques. To your Tradeonix 2.0 system and you will be on your way to being more profitable than you have been in the past. Enjoy trading against the trend!. 17