Where do you find this AO oscillator?
Howard
Howard
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Dislikedthe user of sma 21 is very many
many traders usualy see the sma 21 and spot the sma 21
when the price close beheath the sma 21 and slats @ sma 21 is red u can sell
sl is : how the close candle + 5 pipIgnored
DislikedWhat does "slat" mean?
Do u wait for the close of the bar? Or enter right away when the price breaks the MA?
Can u please show more pic. ex.?Ignored
DislikedHey, it's been fun so far.
I set that sell I was looking at (see post no 17) as soon as IBFX woke up. Currently up about 50 pips after nearly an hour.
This involved punching through Friday's low, so no idea if this will hold or not. On a live account, I would set a +2 BE and wait to see what happened.
It is a demo, so I have an undisturbed sl at -100. Great things, demos.
The next support is at 223.52, so I have set a tp at 223.61 to take account of the ridiculous spread IBFX have on the gy.
Ok, so the price may well go on down further still from there, but just short of 120 pips would make me a happy bunny.
Ignored
DislikedHey, it's been fun so far.
I set that sell I was looking at (see post no 17) as soon as IBFX woke up. Currently up about 50 pips after nearly an hour.
This involved punching through Friday's low, so no idea if this will hold or not. On a live account, I would set a +2 BE and wait to see what happened.
It is a demo, so I have an undisturbed sl at -100. Great things, demos.
The next support is at 223.52, so I have set a tp at 223.61 to take account of the ridiculous spread IBFX have on the gy.
Ok, so the price may well go on down further still from there, but just short of 120 pips would make me a happy bunny.
Ignored
DislikedNo, so far as I can see there are no tp's in powerquest's strategy. PQ recommends exiting a trade when the price retraces to the sma line.
I set the tp at the next sr line because I am late into this trade. I set my tp at sr + the broker's spread of 9, so my tp is 223.50 (sr 223.41 + IBFX spread of 9). I worked this out incorrectly earlier; if hit, this tp will give me a profit of 130 pips - brilliant for a late entry into the trade.
Of course, this might not happen so my demo will lose money, or it might happen and then the market continues to plunge, so my demo will make nothing like it should have done. Hey ho. That's Forex for you. We shall see.
Ignored
DislikedYou can see where I took out the sell if you look carefully for the arrow in the picture - it is a bit obscured by the red candlestick.
Ignored
It would be brilliant if you can write an ea to handle all this. I am at an elementary stage of using mql to write trading software. For example, I only recently learned how to get values from a Stochastic indicator, but have no idea how to divine the coulour of one of the ao bars. Given these restrictions on my ability, I will happily do anything I can to help.
Steve
Nb: the trade is currently +60. Nice.