Disliked{quote} Hi ImminentEdge! I'm glad that you like DNA's thread. As to your question: I can enter the trades using pure chart almost as good as using my system, but this "almost" means a lot, and since my system has winning rate significantly higher than me trading without the indicators, of course I use the system. And then there are exits - as good as I am I would never exit without checking my TMAs, because they are the best exit tool ever IMHO.Ignored
You just reminded me of something when you mentioned exits that I was thinking about earlier while reading the thread. I know you are in the process of refining your entries with a more specific trigger, but I would suggest also looking at it from the other side of things - exits.
Often times, there is a system such as yours, that truly has close to 100% successful signals - in that, I mean each signal travels at least partially into positive territory before reversing. Could be 30-40 pips, could be 4-5 pips, but in truth, each trade (or a huge majority) could be considered a winning trade if the exit occurs at the right time - and wouldn't we all be driving our Bugatti's if we had that part down to a science?
Just some food for thought for everyone out there trying different entry triggers - maybe the entries are fine, and the focus could be on tighter exit strategies/indicators/etc. Personally, I think you have done a great job defining everything with enough specifics to make it effective without adding too many criteria that lead to trading paralysis.
Carry on, sir.... carry on. Looking forward to the results of your experiments.