gbpusd short 1.6325 out x1 +60
Standard Pivots and Fibonnaci Pivots? 9 replies
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:: Smithy's Live Trades :: (EMA's / Pivots / News Traps) 10 replies
I do not use the ADX and Momentum as entry signals on TrendPipper, just direction filters. If one or both of them don’t match with what the other indicators are saying, then it is safer to wait until they line up.
I've pretty much made the ADX a standard component of my charts, no matter what system I'm using. See attached chart.
Well... good trading today!
Spot
DislikedHi guys,
I've added a couple filters to my charts: the ADX and the Momentum indicators.
- Added 14 period ADX (standard MT4 indicator). I love the ADX.
- 10-period Momentum: it signals Long when above centreline, Short when below 0.
Spot
Ignored
DislikedHi Pipdude,
Great trade, you got the whole trend. But what is your exit criteria? Cos there were three exits when all the Non Lags changed colour, and your candles changed also.Ignored
DislikedHi Spot,
I actually had the MOM indicator in my original template for this system. I had got the idea from the MA + Momentum thread for 1h.
But I had dropped it I think when I ended up with 3 Non Lags, as it didnt seem to filter out actual trades.
Ignored