3. TrendX Entry Strategy for Compass (Intermediate)
TrendX Entry (Intermediate Strategy)
TrendX, our in-house advanced indicator, complements Compass for a high-probability mean reversion strategy.
We take immense pride in TrendX, as we believe it's the most powerful indicator of its class, providing real-time alerts when it identifies overbought and oversold conditions. Unlike traditional indicators like MACD, RSI, or Stochastic, which lag and deliver delayed signals. TrendX employs advanced algorithms and the magic of predictive mathematics for real-time insights into these conditions. Many existing indicators rely on historical data, leading to delays that can challenge both professionals and novice traders. In contrast, TrendX excels by forecasting market conditions slightly ahead of time, swiftly identifying overbought and oversold areas, reflected in real-time through changing candle colors.
Here's how to harness TrendX to enhance Compass signals:
Long Entries: Enter long positions only when Compass signals a buy, and TrendX indicates oversold conditions by changing the candle color.
Short Entries: Enter short positions only when Compass signals a sell, and TrendX indicates overbought conditions by changing the candle color.
Steps To Entry
Trader receives a ‘BUY’ or ‘SELL’ alert from Compass at the same time TrendX alerts of overbought and oversold levels.
Trader places immediate market order entry in the direction of the signal.
Trader sets a take profit (TP) level at the high or low of the candle, depending on whether it's a ‘BUY’ or ‘SELL’ signal.
Trader sets stop loss (SL) below or above the signal candle depending on whether it's a ‘BUY’ or ‘SELL’ signal.
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