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It's not that this indicator won't work but this is not even an Algo.. it looks more like a moving average envelope that you could easily make yourself on any chart.
Paying for something you can make yourself seems a bit ridiculous but I see how you can sell below it and buy above it n make something much like a dbl ma cross strategy
Can you help answer these questions from other members on NexusFi?
Fair point. The system is pretty simple, and I was able to replicate the substance of it using a few key library indicators from Lizard Indicators. It probably would have taken me longer to figure out the secret sauce of it without purchasing, but I don't regret the purchase.
As for the name, it is what it is. I personally wouldn't have used "algo" in the name. I'm sure it'll draw some interest though.
The secret sauce is to adjust to changing market conditions - I guess Simons has this figured out the best.
Plenty of "algo" testing on tradingview available - one guy on YT and discord is all he does, testing systems by coding them. He even managed to code an ABC strategy.
It's interesting and educational - I would never rely on a 100% machine concept.
Automation can help to spend less screen staring time though.
I second that. Please post screenshots of 3 to 4 days consecutively as to avoid cherry picking. It may shed some insight into the system and whether it may have an edge or not. Cheers
The bars are renko bars but what you see on his chart are the smoothed heikenashi bars based on a moving average. It's an indicator available here on FIO. The actual renko price bars are hidden. The cloud is from two moving averages or rather, trigger lines of moving averages. Everything you see is available to download for free...
It's similar to Dynotrading that I've replicated in a post here on FIO. The only difference is the using the smoothed Heikenashi MA instead of the renko price bars.
Here is my replication... What do you want to see?
