Builder Indices

Bonjour David, j'ai une question concernant le contexte suivant sur IBEX avec Algo builder INDICES
https://www.tradingview.com/x/zuczLhKr/

• Is this the Pullback we are waiting for while against the trend (Green Background/Sell signal)?
• How much of a pullback? This one seems small? What does the trading system recommend? 3.50 pips STOP or HARD EXIT ONLY or both?

In that context: https://www.tradingview.com/x/EVA3n21r/

• I enter the trade after the pullback and after the buy signal line is exceeded? at the bleu line / green arrow?
• 50 Pips STOP or Hard Exit ONLY? Sur une autre notre. Est-ce que tu considère qu'un ETF qui réplique un indice (ex/ NASDAQ 100) fonctionne avec Algo Builder Indices? ETF garbage or worth investigating?

Merci

Hi Marc

• The pullback MA is the EMA 20 (in orange in your screenshot)
  We put in the framework to wait for a pullback near the EMA 20.
  We cannot give an accurate number because it could be any value.
  From your screenshot, the physical pullback happened a few minutes before (two candles after the short signal if I'm not mistaken)

• Hard exit.
  The hard exit only is preferred. No custom stop loss needed
  Though, entering on pullback whenever too close from S/R or leading trend having a different color will:

• reduce immensely the risk of getting invalidated with a big loss
• allow a hard exit at almost break-even price or with a small loss

Second scenario
https://www.tradingview.com/x/EVA3n21r/

• you're missing the algorithmic S/R here so the picture is far from complete Very recommended adding each time you use an algorithm builder from us or any other indicator. They're very relevant safeguards and take profit levels.

The signal was at 12:15 and the pullback happened two minutes after.
This is assuming you're waiting for the physical pullback and not a pullback near the EMA 20

• 50 pips STOP and hard exit for all indices/indexes

• bis.
  CFDs are opened 22/24 and give more flexibility
  ETFs have the same quotation hours as the underlying stocks I believe.
  I'm not against ETFs at all. I'm sure they work with our indices framework but the trader has to be mindful that ETFs close at 4-5 pm

The signals could work if those ETFs and CFDs are sharing the same price action behavior.

Which ETFs are you looking at?

Best regards

Lyxor STOXX Europe 600 Technology UCITS ETF - Acc [TNO]
Lyxor PEA NASDAQ-100 UCITS ETF - EUR [PUST]
BNP Paribas Easy S&P 500 UCITS ETF - C - EUR [ESE]
Lyxor PEA World (MSCI World) UCITS ETF - Acc - EUR [EWLD]

Hi @rikuhikkake

I can only advise for instruments available on TradingView because that's where my indicators are available.
If the instrument isn't there, then.... we shouldn't get sad about letting them down because there are plenty of others :)

US30, GER30, SPX500 are more than enough to have fun with indices