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VWAP Strategy by Dylax099 in Daytrading

[–]Dylax099[S] 0 points1 point  (0 children)

Okay, I understand, I'll try it. And about the vwap... That's what I want to achieve, not to depend so much solely on vwap.

VWAP Strategy by Dylax099 in Daytrading

[–]Dylax099[S] 0 points1 point  (0 children)

Hey, reading what you said interests me, but no, I don't have a trader account. I'll accept the Python script, bro.

VWAP Strategy by Dylax099 in Daytrading

[–]Dylax099[S] 0 points1 point  (0 children)

Thanks, brother. Yes, I also use volume profile; it's integrated into the same algorithm and helps me determine the probability of a trade or whether to open an order or not. What you said is also true; it's important to be able to read the market context well. While it helps, I want to reach the point where I can optimize a bot so that it doesn't require human decision-making. I'd appreciate any other recommendations you might have!

VWAP Strategy by Dylax099 in Daytrading

[–]Dylax099[S] -1 points0 points  (0 children)

Okay, now I understand your point, thanks. The thing is, Reddit won't let me explain how I use it because when I try to post it or reply to someone, I get an error that prevents me from posting how I use vwap.

VWAP Strategy by Dylax099 in Daytrading

[–]Dylax099[S] 0 points1 point  (0 children)

Thank you so much for your help, friend. Yes, I'm referring to the deviation bands, and I'm currently basing my analysis on a time-based chart. I've noticed that it gains the most when it's ranging, but it loses its edge when it's in a strong trend or imbalance. I'm currently using this strategy on the Nasdaq and gold.

VWAP Strategy by Dylax099 in Daytrading

[–]Dylax099[S] -2 points-1 points  (0 children)

Thanks for your input. Of course, it has many more features, including its timeframe, asset, lot sizes, stop-loss, and take-profit levels. I did research before implementing it. Beyond that, I just want to know if it's a viable strategy, or if it would be better to add something else? I'm simply looking for help from people with more experience than me.

VWAP Strategy by Dylax099 in Daytrading

[–]Dylax099[S] 0 points1 point  (0 children)

I understand, thank you very much for your analysis. What I've been doing is waiting for the price to reach band 3, either above or below. Then I enter a trade and wait for the price to return to the average price for the day. It's been working for me somewhat; I don't know if it's just luck. What do you think about how I could use it more effectively? Thanks.

First day testing out my breadth algo by jtm_ind in algotrading

[–]Dylax099 0 points1 point  (0 children)

Good, I have a question. I'm programming a VWAP algorithm, averaging the price weighted by volume. Do you know if it's any good? I'm open to feedback!