DislikedSalam FX Sniffer,
I checked out he indicator and the colors are pretty similar to the ZZ indicator.
I have seen your outstanding results. How do you handle your stop loss, as based the original stops they seem to be fixed number of pips. Can you please share what are your stopp loss rules?
Cheers,Ignored
It's not always similar to the ZZ, check the below snapshot. If you want to minimize the drawback then you better wait until it confirms it, but you'll waste some good pips. Therefor, if your account is big enough and with a good money/risk management you can average your positions every drawback as instructed before by Oan.
My SL rules has nothing to do with the indicators, and it's really hard for me to answer your question regarding my SL rules in a 1..2...3 rules. There are a lot of factors involved, and it's related to money management, classical/fundamental analysis, currency correlation, etc.
However, as Deadsoul mentioned before, try to be a sniper and some times you might close a losing position for a more profitable chance.By time you'll creat your own rules.
Hope I helped in a way.
Cheers
Sniffing Snake's Tracks...