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truealpha-hfx-v1's Introduction

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:


TRUEALPHA-HFX-V1 Point System Documentation

Overview

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.

Point System for Trades

Trade Categories and Points

  • Good Trade: 3 Points
  • Better Trade: 4 Points
  • Best Trade: 5+ Points

Evaluation Criteria

The point system assigns values based on the following criteria:

CALL Option Point System

  • 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

PUT Option Point System

  • 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

How to Use the Point System

  1. Assess the Trade:

    • Evaluate the trade based on the criteria outlined for CALL or PUT options.
  2. Assign Points:

    • Allocate points for each criterion met during the trade evaluation.
  3. Calculate Total Points:

    • Sum the points from each criterion to determine the total value of the trade.
  4. Categorize the Trade:

    • Use the total points to categorize the trade as Good (3 Points), Better (4 Points), or Best (5+ Points).

Example

  • 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.

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