Outcome of Strategy :- Capital Deployed on trade gets 2x within 5 mins on options having 5 min expiry in CFTC Regulated Exchanges
Here's a well-structured documentation for the TRUEALPHA-HFX-V1 Point System:
The TRUEALPHA-HFX-V1 Point System is designed to evaluate and assign a value to each trade based on specific criteria. The system aims to help traders assess the quality of trades by assigning points. The more points a trade accumulates, the better the trade is considered.
- Good Trade: 3 Points
- Better Trade: 4 Points
- Best Trade: 5+ Points
The point system assigns values based on the following criteria:
- Green Arrow: 1 Point
- Currency Strength Meter (1st > 2nd): 1 Point
- Price at Green Bollinger Band Lines: 1 Point
- Price at Green Support Line: 1 Point
- "B" on Stochastic Indicator: 1 Point
- Cross UP through Green Line on Stochastic: 1 Point
- Cross UP through Green Line on RSI: 1 Point
- Red Arrow: 1 Point
- Currency Strength Meter (1st < 2nd): 1 Point
- Price at Red Bollinger Band Lines: 1 Point
- Price at Red Resistance Line: 1 Point
- "S" on Stochastic Indicator: 1 Point
- Cross DOWN through Red Line on Stochastic: 1 Point
- Cross DOWN through Red Line on RSI: 1 Point
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Assess the Trade:
- Evaluate the trade based on the criteria outlined for CALL or PUT options.
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Assign Points:
- Allocate points for each criterion met during the trade evaluation.
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Calculate Total Points:
- Sum the points from each criterion to determine the total value of the trade.
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Categorize the Trade:
- Use the total points to categorize the trade as Good (3 Points), Better (4 Points), or Best (5+ Points).
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A trade with a Green Arrow, Price at Green Support Line, and Cross UP through Green Line on RSI would accumulate:
- Green Arrow: 1 Point
- Price at Green Support Line: 1 Point
- Cross UP through Green Line on RSI: 1 Point
Total Points: 3 Points (Good Trade)
Feel free to adjust or expand on any sections based on additional details or requirements.