Hi all, many thanks to Swingman for his Body Switch indicator.
I'm studying a new kind of set up, trying to enter in a well established trend.
Take a look at the attached sceenshot for a long and a short set up.
Bull setup: when the indicator is in uptrend mode, wait at least 3 bars with the same indicator value (consolidation/retracement).
Entry at the break of previous bar high. Stop @ previous bar low.
Short setup: when the indicator is in downtrend mode, wait at least 3 bars with the same indicator value (consolidation/retracement).
Entry at the break of previous bar low. Stop @ previous bar high.
I hope it's clear.
Customize with your risk preferences, take profit etc.
I'm trying to refine an expert based on my risk preferences and other filters.
I'm studying a new kind of set up, trying to enter in a well established trend.
Take a look at the attached sceenshot for a long and a short set up.
Bull setup: when the indicator is in uptrend mode, wait at least 3 bars with the same indicator value (consolidation/retracement).
Entry at the break of previous bar high. Stop @ previous bar low.
Short setup: when the indicator is in downtrend mode, wait at least 3 bars with the same indicator value (consolidation/retracement).
Entry at the break of previous bar low. Stop @ previous bar high.
I hope it's clear.
Customize with your risk preferences, take profit etc.
I'm trying to refine an expert based on my risk preferences and other filters.