DislikedHello Guys, So just my two cents on this I have backtested visually a few charts and it seems that this strategy is really good. I have made the following modifications to the strategy however. I have added a 40 EMA. I only trade a BUY if the 30 EMA is above the 40 EMA. Vice Versa for the Sell. I also am a bit more aggresive in terms of my entry. I have added the following levels to my FIB. So for a buy trade: 1) Check for engulfing bullish engulfing candles above 30 EMA. 2) Ensure 30 EMA is above 40 EMA or about to cross 40 EMA (This can...Ignored
However, I can see you have put a lot of thought into your method and I can see what you are trying to do and this is valuable input. Having said that, I would be interested in hearing how it goes.
Gone to a better place
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