You dont have to enter every single signal. Be creative. Watch other factors like support and resistance levels for confirmation. Watch the wick size if you like.
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The7 Trading Method Signals Thread 136 replies
DislikedHey everybody - looks interesting - I am currently trading a 10 EMA Day system - however in ranging periods its really hard.
My question:
Do you exit as soon has the price closes out of the 5 EMA (high or low) at the opposite direction of your trade?
So lets say:
You entered short - do you exit the trade as soon as price closes above 5 EMA High?Ignored
DislikedI have few buddies who like to exit when the price touches the other side of the channel, not me..I always like to ride...It is up to you.Ignored
DislikedWell, better let it not be up to what you "like". Better use the method that gets you more profit.
Candle may touch -> 255% annual profit
Candle must not touch -> 212% annual profitIgnored
DislikedThis is interesting..... Looking at a weekly using the 5ema H/L looks AMAZING. Can someone run a backtest on the EA using a weekly chart? This might have some legs...Ignored
DislikedIn the past. Tweaking the parameters for best performance in the past too much almost ensures worse performance in the future. Make a little experiment - select any system you like and optimize it on a reasonably large period of historical data in order to get the best possible result. Then select another reasonably large period and run a test with the optimized settings. I'd be very surprised if you get the same results.
That said, ever thought that maybe being up to what you like is the method that gets you more profit?...Ignored
DislikedThen you have entries and exits nearly every day, because nearly every candle closes inside the channel. Why is it, do you think, that so many people are having difficulty understanding what you are doing? Is it all of us? Why not clarify? Such as, if candle exits the channel to the downside, when it comes back up and closes inside the channel I go long. Something like that? Anything? Just "if candle closes inside the channel I enter the trade" tells us nothing about direction; which way did the candle enter the channel from? Which way did you...Ignored
DislikedThen you have entries and exits nearly every day, because nearly every candle closes inside the channel. Why is it, do you think, that so many people are having difficulty understanding what you are doing? Is it all of us? Why not clarify? Such as, if candle exits the channel to the downside, when it comes back up and closes inside the channel I go long. Something like that? Anything? Just "if candle closes inside the channel I enter the trade" tells us nothing about direction; which way did the candle enter the channel from? Which way did you...Ignored