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SIMPLIFY YOUR TRADING EXPERIENCE
If the “buy close” button is activated and the bar becomes bullish, a long order will be placed at the beginning of the next bar. If the “sell close” button is activated and the bar becomes bearish, a sell order will be placed at the beginning of the next bar.
If the “buy close” button is activated, it will become deactivated if the bar forms bearish. This helps to ensure that orders are placed at the desired prices.
This is a good method for identifying when prices bounce off support and resistance zones.
To see it in action check Bounce Trader page.
If the “buy above” button is activated and the current bar is bullish, and the next bar continues to be bullish, it will trigger a new order on the next bar. The same is true for the “sell below” button.
This is a good method for trading wicks and price rejections at key support levels.
Simplify your trading experience. No need to overthink it as to when to open your orders.
To see it in action check Bounce Trader page
If the “trail buy” button is activated and the market is in a downtrend, the button will remain active and will trigger an order as soon as the next bar becomes bullish. The same is true for the “trail sell” button in an uptrend.
This is a good method for opening orders when the price reaches exhausted levels, particularly when the price forms a second high or low.
Simplify your trading experience with renko style charts and Bounce Trader
To see it in action check Bounce Trader page.
If the “OCO close” button is activated, the “Bounce Trader” will trigger a new order based on how the bar closes. If the bar closes bullish, it will trigger a buy order. If the bar closes bearish, it will trigger a sell order.
This method can be helpful to not overthink the trade and let the system trigger an order based on how the bar closes. This can be especially useful in situations where you expect the price to go down but it actually goes up.
Both OCO buttons function the same way.
To see it in action check Bounce Trader page.
If the “EMA Buy/EMA Sell close” button is activated, the “Bounce Trader” will trigger a new order as soon as the price reaches the specified exponential moving average (EMA).
This is a good method for opening positions at congested levels. It allows you to quickly enter and exit trades, which can be useful for scalping.
Select most appropriate EMA as you support or resistance and price usually respects and bounces from EMA.
To see it in action check Bounce Trader page.