Double Dragons Trading RK – a “Trend inTrend” duo specifically for the Renko chart.
This version of Double Dragon Trading has incorporated Solar Wind RK in place of Solar Wind, enhancing the system’s performance on Renko bars.
Solar Wind RK and MA Crossover work in perfect harmony, providing you with a robust trend-following system to identify highly reliable signals.
This specialized package is tailored for traders who rely on the “Follow the trend” approach to boost their profits.
We’ve integrated three instances of MA Crossover with specific settings:
- EMA 20 with EMA 200
- EMA 50 with EMA 200
- EMA 100 with EMA 200.
These moving averages form cloud bands, serving as crucial support and resistance zones during both uptrends and downtrends.
For uptrends, sequential crossings of EMAs 20, 50, and 100 above the 200 EMA result in blue cloud bands, indicating a growing bullish momentum. Conversely, downtrends are signaled by EMAs 20, 50, and 100 crossing below the 200 EMA, forming purple cloud bands.
Solar Wind RK, our top-performing indicator, plays a pivotal role in generating trading signals. With its versatility in trading styles, Solar Wind RK proves to be a valuable tool for developing various trading systems.
In this package, the “Trend” signals of Solar Wind RK that align with the primary trend from MA Crossover become the key trading signals. This unique feature, known as “Trend in Trend,” showcases the powerful synergy of both indicators, much like double dragons soaring alongside market movements.
The following conditions dictate entry and stop positions in Double Dragons Trading:
- A Buy signal occurs when the Solar Wind RK Uptrend signal coincides with the Uptrend phase identified by MA Crossover.
- A Sell signal is generated when the Downtrend signal of Solar Wind RK aligns with the Downtrend phase identified by MA Crossover.
- The stop position is set at the “Trailing Stop” Plot of the Solar Wind RK indicator.
Bid farewell to guesswork and embrace the potential for high rewards. The Double Dragons Trading Package is meticulously crafted to harness the power of trends, providing you with the edge to elevate your trading experience. Embrace this package and let the winds of trend-driven trading guide you toward a future filled with even more rewarding experiences.
- 17 Aug 2023 – The package was released.