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#ORACLE

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#ORACLE

The default settings of the Oracle indicator only show the trend cloud, the 1d trend line and the 4h trend line which is usually all we need on our chart as the these lines are our main indicator when to enter a position and where to place our stops.

If we’re more used to a "blue sky“-interface we can enable some confirmation backgrounds to see on a quick glance if a coin is trending (or ranging) a lot as well as where to look for entries. From dark-gray to mid-gray we start to look for long areas, from mid-gray to light-gray we look for longs more aggressively. From light-gray to mid-gray we start to look for short areas, from mid-gray to dark-gray we look for shorts more aggressively. In addition to that we can enable the Oracle’s calculated entries for a rounded look:
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For further backtesting we can also add the Oracle backtest strategy that illustrates the approximate entries and gives us a rough overlook over the performance of an important part of the strategy:
#ORACLE↑↓

But we have to remind ourselves that this is not representative for our overall performance, because our job is to beat the Oracle and use our homemade strategies (such as #basetrading, #breakouting, #divergencing, #freerooming, #phiretracing, #srleveling, or #trendlining) to catch better entries/exits than the Oracle, occasionally work with our positions (i.e. by taking some profit along the way and getting back in at a better price) and placing smart stops to prevent a big hit against our portfolio.

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