or simply download new MT4 platform and delete all screens and indicators. Just leave NP oscillator and one EU chart.
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DislikedIf someone interested I'm still trading with Neutral Price Oscillator and EURUSD-USDCHF spread.
Works great with very good accuracy. Now I add one more filter for more confident entry.
It looks like this:
If we're using EURUSD-USDCHF spread then when we're looking for reversal candlestick pattern it has to appear at the same time on EU and UC. This is something like correlation indicator. If on EU appear e.g. morning star then on UC at the same time should appear evening star.
E.g. if on EU appears some pattern, but on UC not, then wait for UC to confirm.
When two patterns appears on EU and UC at the same time and Neutral Price gives signal, then this is signal for trade with very good probability of win.
End what is important, this stratedy works well with strong trend on EU and UC like yesterday end today.Ignored
DislikedDear Magictrader,
How do you know to go long EURUSD? Why not go short USDCHF? In short, is there a way of knowing which is the better pair to trade by its relative weakness or strength?
---I believe this question was asked by someone earlier in the thread.
Thanks,
LenoxerIgnored
DislikedI've done some summary of the latest 9 signals (from last 6 days) and 7 signals from this week till todays morning.
Entry on candle open (arrow marked).
Looks like the best score is when TP=30 pips and SL also 30 pips without moving SL.
7 from 9 transactions end on TP.
7x 30
2x -30
overall: +150 pips, 16,66 pips per transaction, 25 pips per day, 77% accuracy.
Also very interesting is when TP=10 and SL=25 pips. Then all 9 transactions end on TP, so accuracy = 100%. I know that is less then 30 pips TP but this accuracy is very cool.Ignored