DislikedThe logic is solid, so a EA should also be solid.
Great Indicator btw!Ignored
4 hour strategy (the nausbot - 4 hour trader) 11 replies
Why does 4 hour bar close 1 hour later than daily bar? 6 replies
average true range for 1 hour and 4 hour charts 2 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
DislikedFor me it would be a no.
Reason being............. I prefer to see the MA on the MACD in the coloured area a bit more than what it is.
Again, it's all about comfort zone.Ignored
DislikedPage 1, post 6: you took that USDCHF trade when the MACD EMA was in the same area (close to the MACD). What was the difference (comfort) between that trade and this one?Ignored
DislikedThe USD/CHF trade yesterday was fractionally better than todays EUR/USD setup (Not by much at all though).............. In my opinionIgnored
DislikedCould you be a bit clearer... For example, would you say it was fractionally better because that USDCHF trade did not pierce through the channel before setting up?Ignored
DislikedFrom a visual backtest over the last 2 weeks it looks good. I wont get a chance to EA this until maybe tomorrow night. But I should be able too
Great Thread so far!
Ok just need to firm up some of these rules and then we can rock and roll. I have a hr now, so I might see what I can do.
RULE 1. The MACD has to be the right colour for the direction of the trade and the MACD MA must be within the coloured area. (See image below) - Check
RULE 2. [color=black]When the price...Ignored
DislikedJust remember that if order doesn't get triggered and a candle CLOSES below 15 EMA........... Cancel order and wait for next setup.Ignored
Dislikedwhat if we get the next candle above 15EMA but order not triggered within that 1 hr candle, do we still cancel order?Ignored
DislikedNo.
Leave order until either:-
a) Order gets triggered
OR
b) Candle CLOSES below 15 EMA
So screen time is basically a quick look on the hourIgnored