Out with another win for the day, 1 buy and 1 sell...now i wait for the change before taking the 3rd trade...which will be a buy.....
Hope am getting it right now??
Cheers..
Hope am getting it right now??
Cheers..
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DislikedDon,t worry about minus sign before the "Bear number"
Just concentrate on total Absolute number. In other words if The number in bear column is above the Bull number sell and vice versa
I have been trying this system for almost two months and so far I had about 90% success. In my opinion it seems to work great on one hr chart. Hence I am looking someone to create an EA
As far as the profit target goes I have been taking 20 pips on 1 hr chart and 50 pips on 4 hr chart.Ignored
Dislikedso if i understood correct, the rules are: when a new candle opens, buy if MathAbs(Bulls) > MathAbs(Bears) and vice versa?Ignored
Dislikedyeah, may be ... on top of that, not all the candles have enough room for even 20 pips tp, as by the 7th before Tokyo openIgnored
Dislikedpersonnaly I wouldn't go for hourly close as you still get a lot of down bars even when bulls in charge and vice versa. Get in on first change, get out with profit and wait for next change.Ignored
DislikedI do not see this to be a reversal bar, which answers my question in my previous post that it need not be a reversal bar.
Now for this entry, the previous many bar have been bull, what made you select this bar?
Thanks
TFIgnored