Just out of nothing. Someone mentioned earlier locks instead of stopplosses. The same way it seems can be used to lock profit if the trend dont return, well then you still have your profit. Just a thout.
best regards
best regards
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DislikedHi Pat1,
Wonderfull indicator. I think the time for Signal Bar could be wrong, yesterday I had a short trade, so we have to define exactly which bar is the BO bar.
Letīs wait for Cubby.......Ignored
DislikedFor those trading my system or trying to trade it I will start looking for my trade in 15 min. right now it is 8:45 am est. For all of you confused this post will always say 8:45 am est.
CubbyIgnored
DislikedCaillou,
Yesterday's slide picked up 72. pretty bad considering a 210 slide. Oh well...
Incidentally current NY time as I type is 8:03 am and GMT ((ib server time) is 12:03 or gmt-4. In fall, time will be GMT-5 from second Sunday in November. Since London is in DST, the time there is 13:05.
Returning to the inidicator or the rules, Cubby's trend direction determination was to check the EMAs at 8:30 or the 8:00 am hourly bar. and need to be addressed by Cubby for exact rules (if they exist for forex) for trend determination.
PatIgnored
DislikedSo I was wrong by 1 hour, Signal Bar at 14h45 Frankfurt time. I was lucky yesterday.
Will start tomorrow, anyway today after Signal Bar I have no BO next candle, only the 9h30 bar has broken 8h45 bar, and the high, not the low, so today I would not have trade.
Cubby, if 9h00 bar doesnīt break 8h45 bar, do you wait for the BO no matter when, I mean, you trade too if the BO happens 5 bars later?
Thank youIgnored
DislikedYes, this is how I have been running my backtest. You do not have to do this yourself. I recommend you backtest what you are doing to see if it shows potential.
CubbyIgnored
DislikedOf course, I always adapt a system to my personality, in fact, I donīt use EMAīs for trend.......
Thank youIgnored
DislikedYes, I'm still looking for a stronger trend indicator or method for my one hour trend. I just have so many indicators I need to go threw. I may even nock my trend time fram up to the 30 minute.
CubbyIgnored
DislikedFor me, the best way to use your method, is to not trade it blindly, but use discretion. You have a good method in that you give NY time to establish a trend, then to go with it... Some days its probably better not to trade though . Yes, going with the trend is a good way to trade, BUT, on all swing high and lows, the trend has reversed... New Market open sometimes runs new high/lows, then reverses... So I look for those points and today, along with divergence on both the M15 and H1 timeframes... there was a strong indication that the trend was...Ignored
DislikedI am not an affiliate or trying to sell anything.
The program I am using is Etasoft Forex EA Source Code Generator.
This program still requires excellent knowledge of the indicators you are using and how determine what the output from the indicators tells you. You actually have to put the functions within the flow chart pieces and then connect them together. This program is not as difficult as programming directly at the code level but it is not a simple plug and play program that anyone could easily throw together an EA. I have had years...Ignored