Big news and big changes this week!
Redesign / Rebranding
On January 3rd I released Chart Logic, and I've slowly been shifting my focus more and more to making that the flagship product of this website. This past week I flipped the switch on many of these changes. The Telegram group (https://t.me/ChartLogicEA) and YouTube channel (https://www.youtube.com/@ChartLogicEA) has been updated as well.
My focus going forward is going to be completely on Chart Logic EA. I've been posting a blog series on how to recognize price action patterns, and I'll give some highlights below. In the coming weeks I'm going to continue to post tutorials / walk-throughs of how to accomplish some common tasks with Chart Logic, as well as posting some sample trading strategies. The strategy that was developed in the Price Action series is now available in the Chart Logic Files section of the Forum (here), and I'll touch on it below.
The legacy products that this website was originally designed to support will no longer be available. I will continue to support users of these products by answering questions, providing suggestions and so on, but there will be no further updates. This relates primarily to CoralMAX and MultiMAX, but there were a number of ancillary products that are also being retired. The feature set in Chart Logic covers the vast majority of what made Max a unique and powerful EA, and I'm excited to continue extending the capabilities of this really unique EA.
This will also be the last weekly update, at least for a while. I'll be posting more regularly based on what's going on with CL: new strategies, tutorials, tips, etc.
Price Action Signals
See the full series of blog posts on the price action signals here. Often when we're looking at strategies for trading we need to consider a number of factors, from market conditions, technical indicators and entry signals. In some cases the entry signal may simply be the close of candle after some market condition has been detected; or you may want to wait until you see some movement of price on the chart that reinforces / corroborates the entry decision. Price action refers to the patterns that form in our candlestick patterns: swing high, swing low, higher high, lower low and so on. I wanted to explore how one could use Chart Logic to recognize these patterns and utilize them as signals for trading strategies. That's what's covered in the Price Action tutorial series, and the completed signals are available in the last post of that series, as well as in the Chart Logic Files section of the website. If you have your own strategies and need an entry signal, feel free to give these a try!
Bands Counter-Trend Strategy
As part of developing the price action signals I also implemented a counter-trend strategy based Bollinger Bands and RSI, using the signals as the final entry signal. That strategy has also been posted to the files section. I wasn't specifically looking for a beautiful, steady profit curve on a demo strategy, but this one came out surprisingly well!
This is open prices only, so I would take this with a grain of salt. It's 5-years of EURUSD, and that blip there in the middle is the start of the COVID pandemic. Still, it did recover, and the total DD was not too bad!
Final thoughts...
I appreciate all of the support and interest I've received from members of this community, and I am excited to see where we go from here. If Chart Logic isn't for you, then no hard feelings. But if you have a logical mind and want to explore your own logic on your charts, then let's get started! Thanks for your understanding and support as I refocus my energies on Chart Logic EA!
Comments