DislikedHello Golfer / Xaron,
I am new in this business. But I observe the strategys 4H and 5min since some time and find both very interesting.
A question to the 5min strategy. I hope it is not naive.
How do I recognize when the angle is 20 degrees? If I move my chart, automaticly it changed also the degree number.
Thanks and good luck.
Hi P
No, problem and very good question. Only the people without MT4 trading platform should still be using that rule/principle. Like me right now sitting at the airport and trading on my mobile phone. It is very subjective but some trade platforms do have a trendline obective which also indicates the degree of the trendline. I know MT4 platform has that facilities.
The SMAangle indicator with the 21MA and the 0.1 & -0.1 lines (non-trade zone) are replacing the subjective 20 degree 50MA rule.
Please look on page 156 of this thread for My Rules in which these specific rules are explained.
I hope you understand it because it is one of the vital rules of this system.
Regards Kersten.Ignored
Willem
Forex recipe for success = Patience, discipline & hard work.