Erebus do you mind if I pick your brains?
I understand you have been trading this strategy for a while now, do you prefer the 6 or 12 hour delay?
Something I noticed is that when the EA starts to open positions price can keep coming back to that same level and opening many positions every 6 or 12 hours at roughtly the same level, in your opinion is it advisable to disable the EA until price moves away either up or down from that level to space the 8 positions out more?
I am at the PC all day so am able to intervene.
If MACD D1 is up/blue and you have been taking buy positions on the H1 and the D1 MACD changes to down/red do you like 100pips wait for the positions to either hit T/P or S/L or like some have mentioned close out all positions even if they are winning or losing and let the EA start opening sell trades?
I understand you have been trading this strategy for a while now, do you prefer the 6 or 12 hour delay?
Something I noticed is that when the EA starts to open positions price can keep coming back to that same level and opening many positions every 6 or 12 hours at roughtly the same level, in your opinion is it advisable to disable the EA until price moves away either up or down from that level to space the 8 positions out more?
I am at the PC all day so am able to intervene.
If MACD D1 is up/blue and you have been taking buy positions on the H1 and the D1 MACD changes to down/red do you like 100pips wait for the positions to either hit T/P or S/L or like some have mentioned close out all positions even if they are winning or losing and let the EA start opening sell trades?