Good day am really enjoying this system but please can you really come down a bit for us newbies to understand and comprehend we beg U
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DislikedGood day am really enjoying this system but please can you really come down a bit for us newbies to understand and comprehend we beg UIgnored
DislikedHi Jiva,
I attached a different version of a similar indicator. I don't know how it works but it seems to know when the trend is changing by planting a large dot and then the following smaller dots/lines follow the price. Pretty neat - I think a little more accurately then the Volty Channel.
I think Matrix modified it to his liking.
Jim (MrChips)Ignored
DislikedJiva I DO see your point of view, and I think that a trading system must be suited to the trader, and the trader must be comfortable with what is giving him entry and exit signals. So it's all down to personal preference.
I think I read a reply on here that said mechanical principles will not make consistent profit?
600 pips in 5 days
329 this week and it's not finished yet, I am confident in saying that mechanical systems ARE profitable =]
Again, I believe it's down to preference.
Last note, Jiva I have just realized, our systems are similar...Ignored
DislikedApologies for the poor image quality,
I'm not sure why it did that, possibly because the actual images were too large and the upload re sized them.Ignored
DislikedRight so here's my system in brief.
I utilize a pair of 50 period simple moving averages of the high & low.
These then create my channel.
This channel is where I see the similarities in our systems.
I then wait for a candle to open and close below/above the lower/upper channel band.
If a candle opens and closes below the lower band, that is my signal for a short (sell).
If at any point in time the candle closes back within the channel, I exit my position.
I use various Fibonacci points where I move my stop loss...Ignored
DislikedJiva, I have tried adding the Macd lines on the DSS but I don't know if you noticed already, the Macd lines shift vertically when you scroll the chart. After the fact, they look perfect but are actually misleading unless in a separate panel.
I am using a Stochs 30,9,9 (just the main line) on top of my DSS 10/60 on the 1m chart. Less clutter. I find faster Stochs like 14,3,3 confusing and misleading as well. They are better with higher timeframe charts. This one catches the bigger moves and is great with divergence, both by itself and with DSS.
On...Ignored