I took the Eur/USD and the Aud/Cad pics below
- Joined Oct 2005 | Status: Pip Slappa Extrordinaire | 1,012 Posts
You are in a maze of twisty little passages, all alike.
Are you a trend trader or a counter-trend trader? 29 replies
What does it mean to trade with the trend - Define trend? 47 replies
Trading System - Trade with the Trend 5 replies
Multis-trend trade EA for scalp on short trend 27 replies
Would you trade this system? New system #2. 10 replies
DislikedHere is the eur/gbp trade I missed today. I see some of you picked it up. Good show. Sitting at +39 now bring you SL up or use the close EA see both pics. The Second pic is your close EA. The Blue line now becomes your take profit line and your SL line. This is a pic on the 30M chart for the TP line the tan pic is a 1H for trade entrance 30M for trade exit and it is greenish.Ignored
DislikedHi Bob
When you decide to change the TF ie to 30 min for the TP/SL EA ,do you decide that , based on the Strength , Weakness of the Currency Pair only (momentum)
So less strength, smaller timeframe
Do you look at other timeframes to decide what TF to use for your EA
ie looking at the overall trend strength on H4 to see if it is worth keeping open for a longer period or do you accept the smaller gains knowing that you will have lot of opportunities
I would just like to know how you choose your TP Strategy as this is always my stumbling block...Ignored
DislikedI have an entry EURUSD LONG. but now at -11.4 pips. if i look at the 5 min chart i see higher lows and mybe could have an earlier entry. i will follow an MTF approach with the trend-based system. another test i will do is to put RWB on the chart again and trade both trend- and counter-trend.
both system could give good entries end exits
if trend system gives an entry then counter-trend system should be give the trendexit and an countertrend entry.
you know at every timeframes are trends. if in 1h you see a correction in price in this correction...Ignored
DislikedThe trades only will not exist if you dont take them. If they are taken the results would be the same because the trade is not dependent on the TMA for entrance or exit. The entrance and exit are based on MA lines and they dont change. Dont understand why this is not fully comprehended????????????? You are entering off of a rally/dip back into the trend. Once you grasp this the TMA position arguments become irrelevant. However, it is a great guide into when to turn on the EA so you dont turn it on too early. Something I found out in testing the...Ignored
DislikedJust missed by about 5 pips a 100 pip profit on GU last night & now it has gone back up to leave me with a 20 pip profit. Hit 50 pip on EG. Both of these manual trades on my live account.
As everyone has already said, great new system, Bob. Also my preferred method of trading following the current trend after a pullback. Not sure about the complaints about the TMA line. Something has to be used.Ignored