Hi all,
for setting stop loss and profit target, do you use high/low of the candle or open/high?
thank you
for setting stop loss and profit target, do you use high/low of the candle or open/high?
thank you
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DislikedNice and simple idea for a system. Quick questions.... What would you consider a fresh signal to avoid overtrading? Are we taking alternate signals? Do we have any ideas on an alert that pops up when all 3 macd's are the same color?Ignored
DislikedFBird - Which broker are you trading with ? As I trade this system on daily timeframe too.. My GBPCAD trade just closed with 150 pips of profit. I currently have 2 long trades open GBPJPY & GBPCAD both on daily timeframe. No trades on 4 hours yet, there will be some when the current candle closes. Eur & GBP are the 2 trades likely to be confirmed.Ignored
DislikedFBird - Which broker are you trading with ? As I trade this system on daily timeframe too.. My GBPCAD trade just closed with 150 pips of profit. I currently have 2 long trades open GBPJPY & GBPCAD both on daily timeframe. No trades on 4 hours yet, there will be some when the current candle closes. Eur & GBP are the 2 trades likely to be confirmed.Ignored
Disliked{quote} Hey garfield, I'm very interested on daily TF cause of my 9-5 job. Do you trade the daily and 4H with same MACD settings? I'm visual backtesting this sistem on Daily, and I think is great. Anyway I generally obtain better results without trailing the stop to BE.... Maybe if someone can make an EA of this system we could fine tune the SL....Ignored
Disliked{quote} Daily and 4h with different setting. Templates posted on 1st page. EA would be great for this system, dont have any idea on how to do it.Ignored