I like this two setups with about 40 to 50 pips stop loss. I see room to move down to re-test the level. Using .01 (pennies) on each.
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DislikedLets take that example: 8 is above 60, price is above both lines, so WHEN to put on buy EA, is it to late already?
2. And HOW the EA enters the trade? ( on 1h TF enters when price crosses 5x5 line, how eneters on 4h TF?)
Thank you guys.Ignored
Dislikedhttp://screencast.com/t/50e7OQT1
http://screencast.com/t/kTApokp1w
http://screencast.com/t/l4tYJVCujC3g
usdcad my 240 is blue dashed 48 is yellow dashed tma is below and its spiked up quite viciously today and yesterdays session.
does anyone think this is a potential short.Ignored
DislikedDefinitely a nice set up...just waiting for price to cross the 5x5 and then Im looking for my entryIgnored
DislikedHere looks a trade on the 1 hr . GBPUSD its crossing the moving average 5 again but.........http://screencast.com/t/zahOijSz
switch over to the 4hr and its very over bought the mac and stochs are saying possible reversal is coming sometime soon..
http://screencast.com/t/av3g6y01g
I'd like to take the long but its the overbought situation thats off putting now.
what do you think NannigB of EURUSD and cable.Ignored
DislikedI don't see a set-up on my H1 chart. Price hasn't gotten near the lower TMA band, and the 5 is above the middle TMA band.
Oscillators do very badly in strongly trending markets. The idea of being overbought or oversold relies on there being some mean reversion in the first place. But trends tend to distort the mean, so you will often see these indicators showing overbought or oversold positions for almost the duration of a trend. That doesn't mean the indicator is wrong now; just that it can't be trusted.Ignored
DislikedThis is what demo accounts are for. Go to demo and put on the EA on a couple of charts, and look what it actually does.
I opened up the Buy EA, and here's what it says it does. For a buy, when the price is above the 60 and also above the 8, it enters a trade. I assume the opposite is true for a sell.
That means that if you put the buy EA on when the chart meets both conditions, it will enter the trade on the next tick. So I went to my demo to test out whether that's true. And yes, it is.
This means that, unless you want to enter the trade...Ignored
DislikedThe price doesnt need to hit that lower TMA band. as long as the MA's are in the correct order theres a pullback and then a cross over the 5ma trades tend to run.Ignored
DislikedHey guys,
Nice read - took a while - now trying the system!
Okay - so - couple of things:
- On IBFX - I have 27 pairs when SHOW ALL is selected. I've read NB is trading 20 pairs. Which one shall be left out?
- NB Dashboard 1.2 - it starts doing so many things on my screen that it turns my computer really slow. I like the idea of having this and showing me which pairs are possible for entries. Anyone having this problem of slowing down the computer?
Thank you - that's it for now!
MaestroIgnored
Dislikedhello maestrodforex,
here is the NB Dashboard 1.2 which is away more faster and CPU friendly
regards
MediatorIgnored
DislikedDownloading and INSTALLING - quick question #1: do I need to have all the pairs going and with the template while also having this on?...Ignored