This dataset provides the data necessary to implement the strategy: Keizoku-tekina sai kosei ( Constant Reconfiguration ) . You will find out what the strategy is, how to apply it and the metadata explaining the collected data. i will add regular updates to the dataset and more organized to make it clearer and concise.
This package includes:
-300 sample size of 0.05%,0.10%,0.15%0.20%,0.25% rate of change thresholds and their winrates 90%-99%.
-A tab dedicated to gathering more up to date samples: currently up 800 sample for 0.05% rate of change, this will be used to determine the true accuracy of the strategy.
-Fibonacci time zone reversal prediction method: currently 100% accurate
-The percentage chance of recovery in a losing position
-minimum weekly updates to the dataset
-Metadata providing explanation to data collected and guidance on how to apply the strategy
-Future helpful indicators that compliment the strategy such as the gann fan
-More strategies will be added that are 80-95% win rate. (Bollinger bands, Donchian Channels,standard error bands, darvas box )
Seller: Renkodata
Dataset Terms & Conditions: Open License
Category: Markets
Keywords: markets, trading, investment, finance, dataset
Row Count: 1558
Metadata | 0.05% | 97.74% | Rate of change | Winrate | Don't believe the winrate? Try it out yourself on a |
---|---|---|---|---|---|
Using the exit signal is it not efficient use of time as it would require staring at your screen for prolonged periods of time and the movement between each brick is not consistent. The distance between brick 1 to brick 2 could be 3 days and the distance | |||||
When browsing for potential candidates, look at the % change column. Click on it and it should order them from ascending to descending, highest to lowest and vice versa. You want to start from the lowest rate of change such as 0.01% then work your way up. This means that | |||||
How Data was acquired | |||||
bricks, possibly due to pre and post market price action and the timeframe being used. You have to accept that risk unless you put the effort to look for another security. | |||||
Most of the time you are creating the signal with inputs, not just watching for them like candlestick patterns. | |||||
All your attention and focus should be on 3 things. | |||||
What input numbers to use when configuring the Renko chart | |||||
2.The percentage rate of change | |||||
Closing day prices are ideal because the bricks solidify their position making them reliable. If you do this strategy during the day when the prices fluctuate a lot you may find it unreliable because the bricks will constantly be faded and disappear and reappear. | |||||
How to Screen for candidates so you don't waste your time looking. | |||||
there may be a trend reversal in the works. If you start with a higher rate of change it just screams oversold and overbought conditions, that's for a different strategy. | |||||
based on 1 day charts. | |||||
The faded bricks represent risk. You want to reduce the risk as much as possible, you can do this by box size inputs. Ideally, you would want to get rid of all the faded bricks. This is where it can get input intensive. Although uncommon, Sometimes it is just not possible to get rid of all the faded | |||||
Every brick matters, waiting for that 1 extra brick to appear could mean a sudden movement in the opposite direction of your position resulting in a loss. | |||||
Most of the data currently collected are based on 0.05% rate of change. When you configure the Renko chart to match 0.05%, the data is accurate. | |||||
Management | |||||
I have found that up to 0.40% will present consistent results. Above that rate of change will present inconsistent results and is too risky. | |||||
Current data suggests at the 0.05% rate of change, there is a 88.60% that the position will recover to a profitable one within 23 days on average. | |||||
1. The amount of bricks | |||||
Sometimes when the chart moves the % rate of change will change and you will have to reconfigure it. When selecting a new equity you will have to reconfigure it, you can't copy paste or save and load the template as the number will always be different. | |||||
3. The box size assignment method inputs | |||||
During the day ( eastern time ) you may opt to look for asian,european,uk equities etc. Then during the Eastern time closing after 5pm you look for US or CA equities. Making This is a very unconventional and different way to trade. | |||||
You should therefore look between the ranges of 0.01%-0.40%. | |||||
Average | |||||
Using Fibonacci Time Zones to predict future reversal points. | |||||
You are always constantly required to change the inputs to meet the buy and sell signals. Thus the name | |||||
How to Screen and filter for candidates: | |||||
If you are trading north american equities during the day, it is common to find faded bricks and would take an immense amount of effort just to reduce the faded bricks. | |||||
If the position you acquire is not profitable immediately do not worry, there is a chance the position will recover to a profitable position. | |||||
49.79 | 2.39% | 1.65 | |||
between brick 2 and brick 3 could be 1 day. Your time is better off scouting for other opportunities. | |||||
There is a way to to be more efficient in the screening process. When choosing a stock, you can toggle the line or baseline chart before you start using the Renko chart and inputs. | |||||
You can tell at a glance the line or baseline chart if the stock in question is a prime candidate. |
Reversal prediction | Based on Fibonacci Time Zones | Taimuz?n | Renko soshite Taimuzon Toitsu |
---|---|---|---|
3-4 bars | * | 34th time zone* | |
8-10 bars | * | 8th time zone | |
2-6 bars | 21st time zone* | ||
100+ bar | 1st Time zone | ||
33-35 bars | 3rd Time Zone | ||
88-91 bars | * | ||
36-99 bars | 3rd time zone | ||
34 bars | * | 2nd time zone | |
20 bars | * | ||
22-32 bars | * | 5th Time zone | |
0.05% | |||
predicts when a reversal will happen, small or large. | |||
13th time zone | |||
2nd Time zone | |||
6 bars | * | 13th time zone | |
7-10 bars | 8th time zone | ||
11-34 bars | 5th time zone | ||
0.07 | |||
0.09 | |||
0.06% | |||
0.08 |
Full data table |
---|
109 |
16 |
41 |
15 |
209 |
2 |
239 |
120 |
244 |
96 |
159 |
227 |
274 |
299 |
136 |
272 |
95 |
207 |
113 |
264 |
111 |
151 |
174 |
79 |
20 |
243 |
277 |
229 |
26 |
295 |
196 |
77 |
270 |
221 |
163 |
132 |
3 |
137 |
194 |
241 |
250 |
185 |
5 |
230 |
300 |
89 |
93 |
218 |
36 |
131 |
167 |
292 |
298 |
82 |
139 |
81 |
228 |
216 |
176 |
39 |
38 |
24 |
142 |
219 |
281 |
29 |
66 |
192 |
91 |
60 |
258 |
43 |
100 |
297 |
74 |
140 |
234 |
165 |
67 |
154 |
201 |
149 |
75 |
37 |
64 |
169 |
175 |
138 |
257 |
162 |
254 |
210 |
104 |
144 |
283 |
23 |
141 |
236 |
56 |
112 |
214 |
50 |
54 |
212 |
153 |
259 |
85 |
172 |
57 |
160 |
278 |
261 |
59 |
177 |
188 |
133 |
143 |
190 |
28 |
235 |
117 |
211 |
123 |
44 |
10 |
53 |
180 |
18 |
152 |
269 |
87 |
178 |
63 |
14 |
17 |
202 |
52 |
284 |
83 |
51 |
282 |
263 |
30 |
247 |
65 |
161 |
245 |
186 |
253 |
291 |
279 |
130 |
147 |
268 |
114 |
271 |
99 |
101 |
157 |
86 |
49 |
265 |
248 |
183 |
256 |
13 |
94 |
42 |
8 |
34 |
181 |
122 |
199 |
97 |
126 |
129 |
108 |
46 |
9 |
197 |
150 |
246 |
242 |
62 |
124 |
168 |
205 |
164 |
105 |
107 |
273 |
170 |
286 |
78 |
189 |
40 |
287 |
11 |
45 |
115 |
262 |
55 |
127 |
173 |
296 |
76 |
206 |
222 |
72 |
134 |
110 |
48 |
224 |
171 |
61 |
203 |
148 |
90 |
179 |
27 |
102 |
266 |
98 |
155 |
191 |
276 |
4 |
260 |
12 |
145 |
195 |
217 |
249 |
238 |
119 |
193 |
213 |
231 |
200 |
182 |
84 |
33 |
1 |
118 |
22 |
125 |
225 |
240 |
220 |
35 |
156 |
267 |
6 |
288 |
233 |
32 |
226 |
128 |
88 |
187 |
31 |
294 |
58 |
293 |
68 |
116 |
106 |
252 |
166 |
289 |
7 |
184 |
103 |
255 |
275 |
223 |
215 |
69 |
71 |
232 |
25 |
204 |
19 |
237 |
70 |
73 |
80 |
251 |
198 |
135 |
208 |
290 |
158 |
92 |
121 |
285 |
47 |
21 |
280 |
146 |
Recovery | exclude recovery | % chance of recovery | Days |
---|---|---|---|
0.65% | |||
0.25% | |||
not Profitable | |||
0.60% | |||
16 | 0.35% | ||
Global X Silver Miners ETF | |||
0.01% | |||
0.05% RECOVER | |||
0.05% | |||
Barclays IPTH DJ | |||
0.75% | |||
32 | 0.15% | ||
0.30% | |||
Proshares ultrashort Bloomberf Crude | |||
0.40% | |||
0.45% | |||
Bouygues | |||
Proshares Ultra Gold | |||
42 | 0.05% | ||
0.50% | |||
Ageas | |||
19 | 0.20% | ||
Tele2 B | |||
Legrand sa | |||
DSM-Firmenish AG | |||
Purefunds ISE junior Silver ETF | |||
0.55% | |||
Muenchener Rueckversicherungs | |||
46 | 0.10% | ||
NEC Corp | |||
ishares MSCI Saudi Arabia ETF | |||
0.70% |
Sample | based on closing market |
---|---|
384 | 21 |
297 | 40 |
9 | 46 |
183 | 48 |
469 | 5 |
231 | 29 |
441 | 20 |
299 | 17 |
43 | 40 |
147 | 28 |
247 | 46 |
89 | 10 |
381 | 18 |
346 | 21 |
92 | 66 |
217 | 55 |
165 | 34 |
72 | 62 |
212 | 58 |
432 | 6 |
380 | 49 |
413 | 124 |
383 | 4 |
491 | 4 |
12 | 10 |
443 | 14 |
273 | 12 |
474 | 31 |
275 | 38 |
16 | 21 |
194 | 58 |
360 | 14 |
6 | 120 |
450 | 103 |
139 | 1 |
127 | 39 |
7 | 33 |
276 | 24 |
180 | 1 |
284 | 216 |
340 | 26 |
365 | 18 |
161 | 31 |
110 | 130 |
323 | 8 |
230 | 13 |
289 | 13 |
201 | 22 |
14 | 71 |
211 | 17 |
129 | 12 |
487 | 20 |
122 | 11 |
333 | 24 |
30 | 42 |
60 | 96 |
1 | 36 |
385 | 23 |
306 | 53 |
369 | 26 |
138 | 117 |
287 | 9 |
377 | 94 |
465 | 7 |
390 | 38 |
4 | 97 |
21 | 4 |
317 | 24 |
76 | 5 |
53 | 61 |
151 | 29 |
182 | 213 |
193 | 106 |
418 | 117 |
32 | 7 |
345 | 13 |
397 | 14 |
460 | 56 |
455 | 26 |
163 | 54 |
61 | 8 |
437 | 18 |
426 | 18 |
140 | 125 |
34 | 7 |
144 | 98 |
204 | 118 |
482 | 19 |
86 | 140 |
216 | 32 |
234 | 119 |
54 | 16 |
79 | 17 |
48 | 52 |
416 | 70 |
456 | 110 |
490 | 2 |
142 | 66 |
406 | 76 |
428 | 6 |
454 | 52 |
280 | 33 |
278 | 85 |
447 | 33 |
353 | 21 |
172 | 2 |
20 | 76 |
252 | 5 |
166 | 12 |
2 | 15 |
480 | 19 |
134 | 32 |
13 | 23 |
395 | 37 |
257 | 84 |
213 | 66 |
265 | 21 |
444 | 184 |
249 | 9 |
158 | 4 |
23 | 28 |
124 | 25 |
195 | 41 |
3 | 15 |
187 | 96 |
40 | 84 |
130 | 31 |
186 | 127 |
253 | 188 |
5 | 46 |
238 | 29 |
422 | 11 |
159 | 17 |
409 | 9 |
373 | 15 |
499 | 58 |
336 | 24 |
116 | 31 |
71 | 12 |
113 | 31 |
467 | 16 |
451 | 23 |
119 | 157 |
316 | 4 |
324 | 24 |
145 | 35 |
301 | 58 |
445 | 30 |
300 | 72 |
37 | 31 |
133 | 14 |
154 | 10 |
495 | 10 |
358 | 51 |
457 | 43 |
63 | 11 |
205 | 243 |
255 | 74 |
170 | 140 |
472 | 54 |
394 | 53 |
359 | 1 |
168 | 4 |
403 | 37 |
281 | 50 |
141 | 3 |
430 | 1 |
73 | 114 |
378 | 38 |
302 | 22 |
55 | 8 |
463 | 4 |
254 | 60 |
322 | 27 |
354 | 45 |
496 | 4 |
485 | 7 |
489 | 44 |
184 | 287 |
bars | |
206 | 9 |
332 | 34 |
56 | 31 |
328 | 1 |
459 | 17 |
90 | 29 |
387 | 21 |
135 | 103 |
399 | 10 |
259 | 84 |
290 | 81 |
237 | 14 |
389 | 77 |
173 | 66 |
179 | 72 |
292 | 29 |
471 | 45 |
331 | 79 |
271 | 37 |
319 | 57 |
338 | 14 |
448 | 24 |
356 | 74 |
33 | 60 |
470 | 20 |
200 | 15 |
293 | 33 |
Sample | based on closing market |
478 | 8 |
88 | 70 |
286 | 17 |
466 | 21 |
83 | 30 |
318 | 3 |
104 | 20 |
260 | 75 |
473 | 34 |
279 | 1 |
245 | 68 |
215 | 55 |
143 | 5 |
120 | 30 |
483 | 8 |
109 | 46 |
106 | 7 |
433 | 23 |
209 | 168 |
492 | 31 |
196 | 30 |
132 | 3 |
221 | 44 |
481 | 2 |
362 | 5 |
192 | 68 |
229 | 88 |
421 | 3 |
442 | 61 |
223 | 121 |
295 | 57 |
167 | 26 |
68 | 19 |
310 | 22 |
232 | 32 |
303 | 17 |
367 | 2 |
153 | 24 |
39 | 29 |
169 | 17 |
339 | 3 |
11 | 120 |
408 | 33 |
81 | 30 |
98 | 29 |
175 | 70 |
191 | 30 |
304 | 10 |
41 | 6 |
85 | 17 |
393 | 56 |
218 | 30 |
311 | 15 |
351 | 37 |
101 | 25 |
190 | 47 |
309 | 47 |
355 | 16 |
123 | 6 |
272 | 149 |
330 | 10 |
382 | 18 |
370 | 1 |
415 | 130 |
453 | 72 |
424 | 3 |
266 | 14 |
197 | 5 |
371 | 10 |
420 | 59 |
181 | 30 |
26 | 101 |
64 | 33 |
188 | 58 |
108 | 2 |
246 | 47 |
283 | 48 |
115 | 17 |
84 | 22 |
235 | 119 |
344 | 9 |
484 | 33 |
261 | 193 |
493 | 23 |
148 | 58 |
17 | 6 |
294 | 77 |
368 | 29 |
239 | 4 |
296 | 8 |
91 | 13 |
366 | 9 |
103 | 36 |
326 | 2 |
160 | 46 |
157 | 39 |
189 | 71 |
277 | 142 |
80 | 12 |
74 | 46 |
28 | 38 |
352 | 29 |
149 | 31 |
391 | 12 |
325 | 28 |
102 | 26 |
263 | 16 |
349 | 93 |
341 | 46 |
152 | 2 |
379 | 4 |
19 | 14 |
228 | 148 |
51 | 48 |
162 | 38 |
363 | 48 |
52 | 43 |
307 | 13 |
240 | 90 |
282 | 6 |
126 | 23 |
335 | 44 |
174 | 55 |
264 | 14 |
202 | 105 |
407 | 34 |
402 | 83 |
27 | 47 |
438 | 33 |
314 | 6 |
435 | 27 |
348 | 68 |
439 | 57 |
164 | 18 |
313 | 2 |
42 | 31 |
82 | 32 |
114 | 14 |
94 | 19 |
46 | 16 |
452 | 136 |
66 | 36 |
47 | 16 |
343 | 71 |
241 | 50 |
36 | 12 |
312 | 11 |
24 | 95 |
494 | 3 |
155 | 52 |
498 | 81 |
446 | 3 |
305 | 6 |
410 | 59 |
146 | 43 |
388 | 35 |
458 | 5 |
398 | 10 |
256 | 60 |
497 | 13 |
411 | 50 |
100 | 106 |
87 | 25 |
93 | 39 |
291 | 57 |
400 | 77 |
97 | 22 |
423 | 91 |
38 | 36 |
96 | 45 |
50 | 5 |
242 | 8 |
250 | 40 |
475 | 6 |
225 | 15 |
105 | 64 |
227 | 69 |
29 | 15 |
222 | 180 |
171 | 40 |
214 | 30 |
185 | 101 |
131 | 14 |
419 | 36 |
401 | 23 |
78 | 10 |
436 | 23 |
18 | 82 |
334 | 50 |
285 | 70 |
44 | 19 |
49 | 11 |
35 | 12 |
357 | 26 |
248 | 2 |
258 | 49 |
425 | 24 |
431 | 84 |
375 | 6 |
251 | 73 |
62 | 133 |
137 | 163 |
219 | 31 |
417 | 14 |
99 | 34 |
427 | 105 |
288 | 7 |
462 | 17 |
70 | 349 |
220 | 95 |
136 | 58 |
150 | 2 |
118 | 21 |
488 | 19 |
337 | 8 |
464 | 53 |
198 | 232 |
117 | 15 |
25 | 37 |
15 | 31 |
386 | 14 |
262 | 2 |
22 | 41 |
269 | 19 |
203 | 22 |
392 | 7 |
199 | 78 |
233 | 8 |
476 | 24 |
347 | 40 |
226 | 14 |
65 | 39 |
111 | 2 |
374 | 14 |
45 | 59 |
342 | 64 |
75 | 56 |
178 | 45 |
67 | 22 |
329 | 44 |
121 | 91 |
270 | 3 |
477 | 22 |
274 | 30 |
372 | 61 |
412 | 33 |
327 | 34 |
404 | 162 |
59 | 30 |
8 | 18 |
376 | 57 |
243 | 58 |
156 | 40 |
57 | 66 |
298 | 13 |
10 | 67 |
320 | 25 |
361 | 8 |
207 | 26 |
486 | 65 |
267 | 51 |
405 | 45 |
315 | 5 |
107 | 43 |
176 | 28 |
350 | 39 |
321 | 78 |
396 | 52 |
77 | 34 |
210 | 145 |
177 | 14 |
479 | 13 |
268 | 26 |
31 | 49 |
468 | 19 |
244 | 9 |
69 | 61 |
429 | 4 |
208 | 314 |
58 | 46 |
364 | 10 |
440 | 14 |
308 | 23 |
434 | 53 |
414 | 12 |
125 | 21 |
112 | 38 |
95 | 19 |
461 | 17 |
224 | 61 |
449 | 110 |
128 | 27 |
0.05% | 97.74% | Rate of change | Winrate | All Data collected is based on daily charts | This work is licensed under the Creative Commons Attribution-NoDerivatives 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by-nd/4.0/ or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA. | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
There is a way to to be more efficient in the screening process. When choosing a stock, you can toggle the line or baseline chart before you start using the Renko chart and inputs. | rate of change will always mean + and -. | ( + or - 0.05% ) | |||||||||||||||||||||||||||||||||
46 | 2.24% | 3 | |||||||||||||||||||||||||||||||||
You want to look for the price action at the end of a movement. These points hit a support or resistance and went in the opposite direction, | |||||||||||||||||||||||||||||||||||
So you acquired a position at the 0.05% rate of change that has a 97.74% chance of being profitable, now what do you do. | |||||||||||||||||||||||||||||||||||
Over the long term you expect to make what the average tells you. | A. | bars | % | Days | |||||||||||||||||||||||||||||||
luckily, I've done the work for you. For prices between $1-$100. start with the input 0.05, this is the perfect number to start with. | |||||||||||||||||||||||||||||||||||
the disadvantage of the Renko chart is that it misses some price action in between the bricks that something like candlesticks would allow you to see. | |||||||||||||||||||||||||||||||||||
Using the exit signal is not efficient use of time as it would require staring at your screen for prolonged periods of time and the movement between each brick is not consistent. The distance between brick 1 to brick 2 could be 3 days and the distance | |||||||||||||||||||||||||||||||||||
To summarize, if you acquire a position in Allstate Corp at the 0.05% rate of change, there is a 97.74% chance it is a profitable position. You would then wait until 49.79 bricks to appear or 2.39% gain or | |||||||||||||||||||||||||||||||||||
The market is indecisive when the buy and sell price are exactly the same. The market is not sure which direction it will go....yet. | |||||||||||||||||||||||||||||||||||
this is where you can spot a potential reversal then investigate further using Renko. | |||||||||||||||||||||||||||||||||||
114 | |||||||||||||||||||||||||||||||||||
For some strange reason the markets cooperates very well with the different Renko box size inputs just like how you will find the market cooperates with Fibonacci tools at times. It seems like the market gets triggered by certain price action movements that Renko chart inputs let you identify which | |||||||||||||||||||||||||||||||||||
I recommend only trading solid bricks, not ones that are faded. The faded bricks mean that they are still moving and considered too risky | |||||||||||||||||||||||||||||||||||
This is where things can get tricky, up until now I have not found a way to predict exactly how many bricks the trend will move to reverse, at what percentage rate of change the trend | |||||||||||||||||||||||||||||||||||
During the day ( eastern time ) you may opt to look for asian,european,uk equities etc. Then during the Eastern time closing after 5pm you look for US or CA equities. Making This is a very unconventional and different way to trade. | |||||||||||||||||||||||||||||||||||
Closing day prices are ideal because the bricks solidify their position making them reliable. If you do this strategy during the day when the prices fluctuate a lot you may find it unreliable because the bricks will constantly be faded and disappear and reappear. | |||||||||||||||||||||||||||||||||||
Sometimes when the chart moves the % rate of change will change and you will have to reconfigure it. When selecting a new equity you will have to reconfigure it, you can't copy paste or save and load the template as the number will always be different. | |||||||||||||||||||||||||||||||||||
49.79 is the number of bricks on average you could expect a reversal to happen in the 0.05% category. | Rate of change below 0.05% will yield | ||||||||||||||||||||||||||||||||||
1. The amount of bricks | |||||||||||||||||||||||||||||||||||
49.79 | 2.39% | 1.65 | Current sample size: 800 which equates to about a dozen stocks or etfs | ||||||||||||||||||||||||||||||||
Using Fibonacci Time Zones to predict future reversal points. | |||||||||||||||||||||||||||||||||||
A. | 0.06% | In example A is a table of data that displays the number of days between unprofitable trends at the 0.06% rate of change. | |||||||||||||||||||||||||||||||||
379 | Current trend is unprofitable then 379 days before that, the trend was unprofitable then 114 days before that, the trend was unprofitable is how you would read this table. | ||||||||||||||||||||||||||||||||||
The info line will give you all the Data needed to make decisions. | |||||||||||||||||||||||||||||||||||
When in a losing position, there is a chance it can recover to a profitable one. Giving you a 2nd chance at profit. | |||||||||||||||||||||||||||||||||||
This is the correct info: | bars | % change | days | ||||||||||||||||||||||||||||||||
6 | |||||||||||||||||||||||||||||||||||
178 | from 178 to 6 there is only a 6 day gap between unprofitable trades so you can use this knowledge to help in your decision making. | ||||||||||||||||||||||||||||||||||
How Data was acquired | The info line stopped here, the data collected stops at the peak of the last green brick. | ||||||||||||||||||||||||||||||||||
1.65 day to hold of the asset to make the decision to close. | |||||||||||||||||||||||||||||||||||
1.65 is the number of days on average you hold the asset in question to make the profit. | In theory, a 0.01% rate of change will bring you tremendously close to 100% win rate. | ||||||||||||||||||||||||||||||||||
Average | 138 | ||||||||||||||||||||||||||||||||||
16 | 1.30% | 0 | |||||||||||||||||||||||||||||||||
2.39% is the expected return on investment on average per position you acquire. | a higher winrate while a higher rate of change will yield a lower winrate | ||||||||||||||||||||||||||||||||||
there may be a trend reversal in the works. If you start with a higher rate of change it just screams oversold and overbought conditions, that's for a different strategy. | |||||||||||||||||||||||||||||||||||
based on 1 day charts. | |||||||||||||||||||||||||||||||||||
Important: Check historical data when the last unprofitable position was. If it was recent, the likelyhood of a successful trade will increase because the win rate is basically 9 in 10 chance of being a successful trade,for every profitable trend that passes by in historical data you become due for an unprofitable position. | |||||||||||||||||||||||||||||||||||
explains why it is such a high win rate. ( Reversals specifically ) | |||||||||||||||||||||||||||||||||||
How to Screen and filter for candidates: | |||||||||||||||||||||||||||||||||||
bricks. 0.05 0.04 | |||||||||||||||||||||||||||||||||||
2.The percentage rate of change | |||||||||||||||||||||||||||||||||||
the first red brick of the next reversal. | |||||||||||||||||||||||||||||||||||
111 | According to the average of this table, you could expect the next unprofitable trade will be in 138 days. | ||||||||||||||||||||||||||||||||||
Average | 41.8 | 2.03% | 3 | ||||||||||||||||||||||||||||||||
The Info line in Example A is incorrect. The software used on webtrader would not allow the info line to extend to the final green brick and only to | |||||||||||||||||||||||||||||||||||
increase the box size: 0.05 0.06. This will reduce the amount of bricks in the current trend. | |||||||||||||||||||||||||||||||||||
3. The box size assignment method inputs | |||||||||||||||||||||||||||||||||||
I have found that up to 0.40% will present consistent results. Above that rate of change will present inconsistent results and is too risky. | |||||||||||||||||||||||||||||||||||
Do not use the first brick as an indicator for the rate of change it will always be double the rate of change of the second brick. The second brick can be considered the trend confirmation signal. | |||||||||||||||||||||||||||||||||||
between brick 2 and brick 3 could be 1 day. Your time is better off scouting for other opportunities. | |||||||||||||||||||||||||||||||||||
Average | collected for this thus far. | ||||||||||||||||||||||||||||||||||
If you want Add bricks to the previous trend, you will have to input a lower number. For example, a previous trend that has a too high of a rate of change you would want to add | |||||||||||||||||||||||||||||||||||
Reducing Risk | |||||||||||||||||||||||||||||||||||
The negative and Positive number don't matter since you can go short or long on a position. | |||||||||||||||||||||||||||||||||||
Recovery | |||||||||||||||||||||||||||||||||||
Managing the margin indicator. | |||||||||||||||||||||||||||||||||||
Perhaps when combined with other indicators or methods there many be a way to predict the amount of bars, | |||||||||||||||||||||||||||||||||||
Input this number. Then determine how many bricks are in the current trend. You need to reduce or add bricks to get the current bricks number too 2. | |||||||||||||||||||||||||||||||||||
and are reliable. | |||||||||||||||||||||||||||||||||||
should you start at. | |||||||||||||||||||||||||||||||||||
At first, it can be overwhelming to know which box size inputs to use. The number can range anywhere from 0.000001-1000000. There is too many inputs you can use and which number | |||||||||||||||||||||||||||||||||||
97.74% is the percentage chance the position you acquire is profitable | |||||||||||||||||||||||||||||||||||
Ideally you want to look for low percentage rate of changes as these will yield the most consistent results but you will have to monitor them more closely. | |||||||||||||||||||||||||||||||||||
Management | |||||||||||||||||||||||||||||||||||
have to reconfigure the box size. | |||||||||||||||||||||||||||||||||||
Rate of change | |||||||||||||||||||||||||||||||||||
Most of the time you are creating the signals with inputs, not just watching for them like candlestick patterns. | (Constant Reconfiguration) | ||||||||||||||||||||||||||||||||||
bricks, possibly due to pre and post market price action and the timeframe being used. You have to accept that risk unless you put the effort to look for another security. | |||||||||||||||||||||||||||||||||||
When browsing for potential candidates, look at the % change column. Click on it and it should order them from ascending to descending, highest to lowest and vice versa. You want to start from the lowest rate of change such as 0.01% then work your way up. This means that | |||||||||||||||||||||||||||||||||||
Example A: | |||||||||||||||||||||||||||||||||||
This is a Reversal strategy | Most data has been | 0.05% | 97.74% | ||||||||||||||||||||||||||||||||
It is important to note when a stocks price moves and crosses price thresholds the rate of change will change. This is something to keep in mind as it will affect the win rate and you will | |||||||||||||||||||||||||||||||||||
The average can give you an idea of how many bars, rate of change and days you should hold the stock. | 0.05% | ||||||||||||||||||||||||||||||||||
If you want to reduce the current trend, you will have to input a higher number. For example, a current trend that has too many bricks at the box size 0.05%, you have to | |||||||||||||||||||||||||||||||||||
will reverse or how many days the trend will reverse. However, table A can offer some guidance. | |||||||||||||||||||||||||||||||||||
the numbers 49.79,2.39% and 1.65 ( averages ) can help decide your exit strategy | |||||||||||||||||||||||||||||||||||
Most of the data currently collected are based on 0.05% rate of change. When you configure the Renko chart to match 0.05%, the data is accurate. | |||||||||||||||||||||||||||||||||||
The advantage of the Renko chart is that it blocks out all noise during trend situations and can let you clearly see the direction of the trend. | |||||||||||||||||||||||||||||||||||
You can tell at a glance the line or baseline chart if the stock in question is a prime candidate. | because you can go long or short positions. | ||||||||||||||||||||||||||||||||||
If you are trading north american equities during the day, it is common to find faded bricks and would take an immense amount of effort just to reduce the faded bricks because they are constantly moving. | |||||||||||||||||||||||||||||||||||
Using the Info line which should be available on most trading platforms, for this example is Forex.com webtrader. | |||||||||||||||||||||||||||||||||||
Rate of change | |||||||||||||||||||||||||||||||||||
your decision to close your position. | 15 | 0.73% | 4 | ||||||||||||||||||||||||||||||||
Every brick matters, waiting for that 1 extra brick to appear could mean a sudden movement in the opposite direction of your position resulting in a loss. | |||||||||||||||||||||||||||||||||||
manage them, the profit goes way up. | |||||||||||||||||||||||||||||||||||
For asian stocks where the price could be in the thousands, you want to start with box size 5. As you can tell the current price will have a definitive correlation with what box size inputs | |||||||||||||||||||||||||||||||||||
The faded bricks represent risk, intended direction, during the day price fluctuations and pre/post market movement. You want to reduce the risk as much as possible, you can do this by box size inputs. Ideally, you would want to get rid of all the faded bricks. This is where it can get input intensive. Although uncommon, Sometimes it is just not possible to get rid of all the faded | |||||||||||||||||||||||||||||||||||
Attempted to use the Average true range at ranges from 1-20 using the same entry and exit signals but found it was not consistent enough. | |||||||||||||||||||||||||||||||||||
If you have a position that is $10,000 in a stock, that would be $239 profit in 1.65 days on average PER position. If you have multiple positions open and can | |||||||||||||||||||||||||||||||||||
then the signal won't be reliable. When the bricks turn solid, their position is solidified and the bricks won't dissappear | |||||||||||||||||||||||||||||||||||
This method can help you get ahead and decide which direction the market will go before the market reacts. You are taking a proactive approach. | |||||||||||||||||||||||||||||||||||
What input numbers to use when configuring the Renko chart | |||||||||||||||||||||||||||||||||||
40 | |||||||||||||||||||||||||||||||||||
97 | 4.57% | 8 | |||||||||||||||||||||||||||||||||
You should therefore look between the ranges of 0.01%-0.40%. | |||||||||||||||||||||||||||||||||||
0.05% is the percentage rate of change using the traditional method. | about 2 years each everyday. | ||||||||||||||||||||||||||||||||||
You are always constantly required to change the inputs to meet the buy and sell signals. Thus the name | Keizoku-tekina sai k?sei | ||||||||||||||||||||||||||||||||||
36 | 1.81% | 0 | |||||||||||||||||||||||||||||||||
The word bars and bricks are used interchangeably/ | |||||||||||||||||||||||||||||||||||
rate of change, and days the trend will move from the beginning of the trend. | |||||||||||||||||||||||||||||||||||
All your attention and focus should be on 3 things. | |||||||||||||||||||||||||||||||||||
Table A states you should wait for 41.8 bars to appear or rate of change of 2.03% or 3 days on average to make | 15 | 0.78% | 0 |