OK I got two guys interested. That's good enough to start.
Here is the idea:
Setting: 5m EURUSD ONLY
Indies: EMA 20, 150, 200 MTF stochastics, round number
Entry: when stochastics turns (Trade only London and NY)
This is it.
I know. But what if you can filter "good turns"? It is a billion dollar question, isn't it?
I've been thinking about it for months and I think I'm getting some where.
How about this -- you enter when the stoc turns around 10/90% area and the price hit the big round number (see chart 1).
Or, you enter when the stoc turns around 10/90% area and the price hit the trend line (see chart 2).
Or, you enter when the stoc turns around 10/90% during ranging -- "ranging" means EMA150 and 200 are tangled and flat (see chart 3).
Or, you enter when the stoc turns around 10/90% area and the price hit the SR (see chart 4).
Or, you enter when the stoc turns around 10/90% area and the price hit the EMA 150/200 (see chart 5).
They are just some ways of filtering.
Money management (TP and SL) is MORE important. SL can be even 5pips, while TP goes 50pips.
So, I want to develop good ways to filter entries as well as money management.
Like it?
Here is the idea:
Setting: 5m EURUSD ONLY
Indies: EMA 20, 150, 200 MTF stochastics, round number
Entry: when stochastics turns (Trade only London and NY)
This is it.
I know. But what if you can filter "good turns"? It is a billion dollar question, isn't it?
I've been thinking about it for months and I think I'm getting some where.
How about this -- you enter when the stoc turns around 10/90% area and the price hit the big round number (see chart 1).
Or, you enter when the stoc turns around 10/90% area and the price hit the trend line (see chart 2).
Or, you enter when the stoc turns around 10/90% during ranging -- "ranging" means EMA150 and 200 are tangled and flat (see chart 3).
Or, you enter when the stoc turns around 10/90% area and the price hit the SR (see chart 4).
Or, you enter when the stoc turns around 10/90% area and the price hit the EMA 150/200 (see chart 5).
They are just some ways of filtering.
Money management (TP and SL) is MORE important. SL can be even 5pips, while TP goes 50pips.
So, I want to develop good ways to filter entries as well as money management.
Like it?
Attached File(s)
#MTF Stochastic v2.0.mq4
6 KB
|
188 downloads
roundnumber_grid.mq4
4 KB
|
180 downloads