i have this system with 90% success rate but the thing i like about it is it very simple.
AS YOU KNOW, PRICE SOMETIME GO IN THE SAME DIRECTION FOR ALONG TIME AND WON RETRACE, THAT IS Y YOU HAVE TO WAIT UNTIL IT GO BACKUP ABOVE THE BUY LINE. THIS IS ALSO CALLED THE FALSE BREAK. I USE THIS TECHNIQE WITH THE DAILY BUT I AM NOT PATIENT ENOUGH WITH THE DAILY. THIS GIVE ME ATLEASE ONE TRADE A DAY.
I have to use the price aler horizontal line so i can keepup with many pairs.
I have a pricealert indicator but it only work on the main window. I need an indicator that work in the indicator window. I use the stoch indicator and use the horizontal line to move up and down as the the indicator move. If anyone have a pricealert indicator that work in the indicator window please post. Thanks