Dr. Alexander Elder Triple Screen Trading Strategy

2020年1月26日

Alex Elder is a trading teacher and writer.

Today I stumbled upon one of his strategies which I find very interesting.

It relies on 3 different time-frames screens for your entries condition.

The Market Tide is using a weekly indicator and we will only trade in its direction. Here we use the MACD histogram.

The Market Wave is using a 2 days oscillator to detect waves going against the Market Tide.

The third screen is intraday and used to find entries: when screen 1 and 2 are valid, we will look for a breakout.

We use previous day high and low as level for triggering our entry.

Maybe one day I will automate this system.. what do you think ?

/!\ Please note that without a good psychology and money management, a trading system is useless.

2020年2月14日

註釋

The automated strategy is here!
Backtest + Alerts