REDline by DROID

REDline is a custom built trade signal filter, designed to be used as an additional trade confirmation within existing trade systems. Traders can subscribe using $DROID

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What is REDline?

REDline indentifies high-probability trade entires. It monitors market voltility and recent market price movements, in order to evaluate the strength of a prevailing trend. It is designed to be used as an additional trade confirmation within existing trade systems.

Use REDline in combination with your favourite indicators to give you added confirmation of a trade idea. Gain higher confidence for entries or exits or alternatively, look for signals that disagree with indicators 'everyone else is using'.

REDline trade signals: 6 weeks from Mid-December

The above picture shows 6 weeks of trade signals on SOLs 4hr chart.

Highlights

• It was shorting prior to the bottom being reached

• It signalled long only 8, 4hr candles after 'the bottom' was in

• It subsequently signalled long again prior to every pump in the uptrend

• It has also given short signals during consolidation phases - giving traders time to lock in profits (note in a bull trend a 'short signal' can be interpretted as "take profits")

• The signals that were not profitable are entirely expected, no indicator can deliver 100% win rates

The market during the period shown was characterised by two very strong trends - this a good environment for an indicator like REDline to perform well in.

As the graphic clearly shows, REDline provided many clear, outright winning signals that would've given any trader an edge in the market.

What The REDline is not

Disclaimer An important note. REDline is not a crystal ball. No indicator can provide trade signals without error. According to extensive backtesting this indicator can provide consistent, high-probability entires however REDline does not constitute a full trading system on its own. All trading systems should include multiple layers of trade confluence and have an active risk management profile in operation at all times. (edited)

Looking for the REDline Manual?

Would you like to try REDline for yourself?