Disliked{quote} Nutmeg, Your system looks easy to make. Only question, when do you exit? Is your plan to have an "buy-sell" "sell-buy" program? Also, do you wait for brick to close? This would mean that the buys and sells will lag by one brick.Ignored
Bambino,
I take 50% of the trade off a 1 to 1 Risk to Reward. I have been using a 20 period ATR on the Daily chart to get a stop loss value. If the ATR for the pair is 50 pips. I trade 2% Risk and close 50% at 50 pips for a 1% profit. I then move to BE +Spread and set up a trailing stop. I tighten the trailing stop after a couple bricks. If I get stopped out by my trailing stop I may re-enter on the first brick back in the direction of the trade.
Generally I would Buy-Sell or Sell-Buy off of the Legacy Trader Signals but be ready to stop trading and set up a break out price consolidates of I get 2 losses or signals going back and forth.
I only take the trade on the close of the brick that generates the signal. When the trend is close to changing the signal will display and go away while the brick develops. It does not repaint after the close of that brick and a alert.
The EA that doesn't work has the option to only take long's, only take shorts or take both.
I am currently writing this up with cleaner directions and am going to shop coders again.
I am currently in some pretty good trades. Even If I could just get the EA to take the trades. Have the buy Sell or both Filter and calculate the lot size by Risk I would be way more profitable. I could then try and get the trailing stop, BE and Partial close options added later. I will keep you updated with my progress. I'm in some pretty good trades right now but should be in at least 3 others that I missed.
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