The7 do you move SL to the previous daily bar (low if long, high if short) each day?
thx
thx
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Day Trading system - Simple system to make money 51 replies
Trapping System: Way to Fully-Automated Trading System 47 replies
The7 Trading Method Signals Thread 136 replies
DislikedThe7 do you move SL to the previous daily bar (low if long, high if short) each day?
thxIgnored
DislikedNo he doesn't; he gets out when there is an opposite signal. It's in the first post.Ignored
DislikedYep 1st post "Closing candle has to open outside the channel to become a valid signal. Let it run until you see opposite signal. Stop Loss is high/low from last candle".
I would assume if you have a SL then you move that stop loss on a daily basis.Ignored
DislikedLOL that's weird. It says in the 1st post that the closing candle must open outside the channel. Guess it's just me.Ignored
Disliked7, do you think there's also a case to be made for a separate trend continuation trade in those instances in a trending market when there may not have been a signal from the original rules but when price exceeds the bands, high or low? See the example.Ignored
DislikedHello Friends,
NZD close inside the ema band on friday. Good chance to sell short monday open.
See attached chart.
DDIgnored
DislikedIn your examples, I would have been in that downtrend 7 candles earlier than the down arrow is pointing, and in the next uptrend 4 candles earlier. In both cases I would have been in the trend before the breakouts to the outside of the EMA bands, and benefitted from both longer runs.
If you are looking for different entries, then you may be changing the dynamics of the strategy. Do you have an entry method in mind?
Good trading!Ignored
DislikedThe annual return is 255% with combined strategy with the 3 assets that were profitable, EUR/USD, AUD/USD, USD/CAD. The modifications are that I replaced EMA with a lowpass filter and used the low and high of the 2 last bars for the stop. The optimized parameters are the time period and a factor for the stop. I can post the code here if someone wants to reproduce the result.
This system really appears worth trading.Ignored