Hello sidhujag,
Looking at the charts quite often the market will reverse before the london session closes. If you really want to make the MM an adaptive MM system you should have an exit option of where the ea reads ADR for the previous few days and then even further fine tune it where it reads the adr for each session. Sort of like Stratman has in his wonderful dashboard indicator here http://www.forexfactory.com/showthread.php?t=210461
Regards,
Jeff
Looking at the charts quite often the market will reverse before the london session closes. If you really want to make the MM an adaptive MM system you should have an exit option of where the ea reads ADR for the previous few days and then even further fine tune it where it reads the adr for each session. Sort of like Stratman has in his wonderful dashboard indicator here http://www.forexfactory.com/showthread.php?t=210461
Regards,
Jeff
DislikedYes that's right... but for me I found that the "trend" of the day is set by the first few hours of London session... so you only have to reset the phantoms a few hours before London Open and then take the trades a few hours into london session until NY opens.
So during my testing it looks like adding a Daily MACD filter will prevent you getting into problems alot better. I think a longer term Phantom may be better along with the short term one... this is going back to T101's idea(Orest EA) which scanned multiple timeframes and traded when ALL...Ignored