HUNT 3.0 and Banana V8.0 Has Arrived [BETA]

This forum started for the BANANA Project. Now it's complete. You can simply go to https://itradeaims.net/banana to learn more. Or take the course here https://itradeaims.net/courses
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immy
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HUNT 3.0 and Banana V8.0 Has Arrived [BETA]

Unread post by immy »

Yep! You read that right 

I have been working on these indicators for a year now. All of this and perhaps the last year can be counted as well. 

The Indicators have new settings and options. AIMS The Hunt seed and cherry indicators have been combined into The Banana Indicator. 

This is the MOST objective Signal Indicator that I have ever used. 

The new version will have Normal Aggressive Settings. I will create a little video tutorial (when I say a little I mean in depth) on this later. 

For now ... here are some screenshots.

Watch a Little Video here to Check the Indicator Settings https://www.screencast.com/t/4w9WeuBxF

https://www.screencast.com/t/6k2XKSzcaz
Image

https://www.screencast.com/t/xSm0Q8ql3Qu
Image


https://www.screencast.com/t/cglTn8LqjCGb

Image

No more unnecessary rents. Only Signalled trades, no discretionary trades required.

The Indicator will alert us only to the high probability points in the market when volatility is healthy and momentum is confirmed. 

https://www.screencast.com/t/zB8JlhYq0IB
Image

Trade long and short within the same session. 
https://www.screencast.com/t/KDMdQmhYoDs

Image
 
 
Game Plan

I will look at 6 Charts at any given point. EU GU UJ DAX US30 US100What will I do over the course of the day?
  • I will always check charts on the H1 time frame. 
  • I will at all 6 charts for the H1/M5 setup. 
  • I will identify Support and Resistance Levels and establish if its a Trend or Trading Range
  • If it's a trading range and Wide, I will look for M5 setups between the two S/R levels. 
  • If it's trending I will look for impulse candles and look for setup on m5 after the trend candle. 
  • If it's a tight trading range, I will wait for a breakout with a Trend Candle and drop to m5 to trade a break and retest signal. 
What will I do at the open
  • This I will do at the LOBOT or NEOBOT.
  • I will Look at the 5 Min Chart and WAIT for the first 5 min Candle To Close. 
  • I will identify if it's a trend or trading range before the market opens.  
  • If it is a Trend candle and it breaks the Trading Range that I should have marked before the open, then I may drop to m1 to trade a pullback or pullback and retest signal. 
  • When the volatility of the open dissipates or when volatility never increases at the open then I will switch to M5 and continue to look for setups based on the H1/M5 concept. trade m5 until the Close .... (as long as I want or as long as the market is moving)
  • I will also, at times, drop to m1 to catch the micro pullback of m5. If volatility is good or the market is trending I can always drop to m1 for a signal between two trend candles. 
 Rules for Entries: The 4 Questions still apply. Image

Extra: If the current bar has not violated the high of the last bull signal, and closed inside the range of the last signal candle, the last signal candle is still valid. 
Refer to the main thread: viewtopic.php?f=141&t=2295
 
 
 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Older Version with Slow Settings vs Faster Settings

Unread post by immy »

https://www.screencast.com/t/ve6OG2I7

Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Catch Early Trend Change and Reversals

Unread post by immy »

Trade Up and Down, Catch trend reversals, and trend changes ... follow the Phases and stay in tune with the market 

The Aggressive setting is more glue to the chart. It follows price more precisely. It can help you track trend termination and changes faster. 

https://www.screencast.com/t/4fez5fPKyAd
Image


https://www.screencast.com/t/yjzULSQz1
Image

Another perspective on the same chart 
https://www.screencast.com/t/i03dF354fJ
Image
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Joined: 22 Nov 2010, 16:46
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Slower vs Faster Moving Average Settings

Unread post by immy »

You can set the Lobot Moving Averages to Aggressive to activate scalping when you like to trade the faster markets. Or you may simply stay on it for as long as you like. 

Here the comparison between Aggressive and Normal settings. 
https://www.screencast.com/t/8lj3Yt3e5VdR
Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Joined: 22 Nov 2010, 16:46
14

Breakout and Retest - The BEST High Quality pattern

Unread post by immy »

https://www.screencast.com/t/ZFk6yXuR
Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Another Example

Unread post by immy »

https://www.screencast.com/t/YHX9Q377LS

Image
 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
Top
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immy
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Posts: 9654
Joined: 22 Nov 2010, 16:46
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The Game Plan - Hunt 3.0

Unread post by immy »

Game Plan

I will look at 6 Charts at any given point. EU GU UJ DAX US30 US100What will I do over the course of the day?
  • I will always check charts on the H1 time frame. 
  • I will at all 6 charts for the H1/M5 setup. 
  • I will identify Support and Resistance Levels and establish if its a Trend or Trading Range
  • If it's a trading range and Wide, I will look for M5 setups between the two S/R levels. 
  • If it's trending I will look for impulse candles and look for setup on m5 after the trend candle. 
  • If it's a tight trading range, I will wait for a breakout with a Trend Candle and drop to m5 to trade a break and retest signal. 
What will I do at the open
  • This I will do at the LOBOT or NEOBOT.
  • I will Look at the 5 Min Chart and WAIT for the first 5 min Candle To Close. 
  • I will identify if it's a trend or trading range before the market opens.  
  • If it is a Trend candle and it breaks the Trading Range that I should have marked before the open, then I may drop to m1 to trade a pullback or pullback and retest signal. 
  • When the volatility of the open dissipates or when volatility never increases at the open then I will switch to M5 and continue to look for setups based on the H1/M5 concept. trade m5 until the Close .... (as long as I want or as long as the market is moving)
  • I will also, at times, drop to m1 to catch the micro pullback of m5. If volatility is good or the market is trending I can always drop to m1 for a signal between two trend candles. 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Joined: 22 Nov 2010, 16:46
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Rules for November Onwards

Unread post by immy »

1. Trades to be taken only upon colored signal. 
2. Signal 1,2 and3 has equal importance but 2 has the highest value. 
3. Seed signals to be used only during confirmed strong trending markets. The best way to get into a seed is after a trend candle. 
4. There will be no discretionary trades, every trade taken must be based on a signal. 
5. The default settings of Banana V.8.1 are my settings. These are the ones used for testing .
6. Focus on trading only signals that are less than 1ATR or less than 10 points on m1 while trading indices and less than 10 pips on m5. If a signal is less than 10 points, don't go for 2R go for 3 R and/or trail the dashed line. 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
Top
User avatar
immy
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Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Breakout and Retest - The BEST High Quality pattern

Unread post by immy »

immy wrote: 30 Oct 2021, 21:41 https://www.screencast.com/t/ZFk6yXuR
Image

 
You are welcome Evan  :bow
 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
Top
User avatar
immy
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Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

VERSION 8.3 BETA is Available to Download Now

Unread post by immy »

I have made a few changes due to some errors and one change is due to a slight adjustment in my strategy. 

I don't want to make discretionary decisions and the seed signals required that. So I have chosen to hide the seed indicators. 

The default settings are my settings. 

Download in the Dashboard  >>>CLICK HERE<<< 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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