I've been reading through the entire thread trying to fully understand all the nuances of this great system. Many thanks to all the helpful and informative input by Kevin and others!
I really hope someone could help to clarify some final questions I have after reading all the valuable info (and maybe misunderstanding something as a forex beginner?)
1. Should the Retracement finder's (RF) signal (proper magenta bar) always be used in all the entries (1h and 4H)? It is a bit confusing for a newbie like me to see some trade examples with trades taken without RF signal. What would be the exception for not using RF signal...experience with the system?
2. Still about RF. Should we take it's signal on close of proper magenta bar (5 min of waiting) or already as soon as it starts to form the right way? I've seen some controversiality in several screenshots. If taken only after magenta bar close, I've noticed that in many trades profitability decreases greatly.
3. I downloaded and inserted #MT TrendLine_2 indicator. Does it come with all the correct/proper settings automatically..so no need to adjust anything? Could someone please briefly explain it's basic function, signals and how to use it in this solid trading system?
Once again many thanks for this strategy and all the valuable input!
Good luck everyone!
I really hope someone could help to clarify some final questions I have after reading all the valuable info (and maybe misunderstanding something as a forex beginner?)
1. Should the Retracement finder's (RF) signal (proper magenta bar) always be used in all the entries (1h and 4H)? It is a bit confusing for a newbie like me to see some trade examples with trades taken without RF signal. What would be the exception for not using RF signal...experience with the system?
2. Still about RF. Should we take it's signal on close of proper magenta bar (5 min of waiting) or already as soon as it starts to form the right way? I've seen some controversiality in several screenshots. If taken only after magenta bar close, I've noticed that in many trades profitability decreases greatly.
3. I downloaded and inserted #MT TrendLine_2 indicator. Does it come with all the correct/proper settings automatically..so no need to adjust anything? Could someone please briefly explain it's basic function, signals and how to use it in this solid trading system?
Once again many thanks for this strategy and all the valuable input!
Good luck everyone!