dRisk Analytics
  • 1. What is dRisk Analytics?
  • 2(a). Introducing Compass
  • 2(b). Immediate Entry - Begginer Strategy
  • 2(c). TrendX Entry Strategy for Compass - Intermediate Strategy
  • 2(d). Crossbow Entry Strategy for Compass - Intermediate Strategy
  • 2(c). Delta Entry Strategy for Compass - Intermediate Strategy
  • 2(d). Fibonacci Entry Strategy for Compass - Advanced Strategy
  • ----------------------------------------
    • 3(a). Introducing TrendX
    • 3(b). TrendX - Mean Reversion Strategy
    • 3(c). How to Use TrendX - Take Profit Identifier
    • 3(d). How to Use TrendX - Knowing when NOT to enter a trade
  • ----------------------------------------
    • 4(a). Introducing Iron Dome
    • 4(b). Iron Dome - Entry Strategy
    • 4(c). Iron Dome - TrendX Entry Strategy
  • ----------------------------------------
    • 5(a). Introducing Delta
    • 5(b). Using Delta to Find Entries
    • 5(c). Using Delta in Confluence With Compass
    • 5(d). Using Delta - Take-Profit Placement
    • 5(e). Using Delta to Set Stop-Loss
    • 5(f). Our Favorite Entry
  • ---------------------------------------
    • 6(a). Introducing Crossbow
    • 6(b). Crossbow Entry Strategy for Compass - Intermediate Strategy
    • 6(c).
  • FAQ -----------------------------
    • Why choose dRisk Analytics?
    • What Does Data -Driven Results Mean?
    • What Pairs Can I Trade?
    • What Is TradingView?
    • How to set up a TradingView Account?
    • How to Setup dRisk on TradingView?
    • How To Open Your TradingView Chart?
    • How to Add an Indicator To Your Charts?
    • How to Change Chart Time Frame?
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2(c). TrendX Entry Strategy for Compass - Intermediate Strategy

TrendX Entry Strategy for Compass

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Last updated 1 year ago

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

  1. Trader receives a ‘BUY’ or ‘SELL’ alert from Compass at the same time TrendX alerts of overbought and oversold levels.

  2. Trader places immediate market order entry in the direction of the signal.

  3. 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.

  4. Trader sets stop loss (SL) below or above the signal candle depending on whether it's a ‘BUY’ or ‘SELL’ signal.

Example 1(a) TrendX ‘Buy’’ Entry
Example 1(b) TrendX ‘Buy’’ Entry
Example 1(c) TrendX ‘Sell’’ Entry
Example 1(d) TrendX ‘Sell’’ Entry