DislikedSeller, Max, Guys,
I'm trying to find out the best trade closure signal but I'm confused.
BE set up is not the perfect option - thats what I was using.
I can't find out what set up will help me to close the trade when 5LWMA will cross 5MA Shift 2 on M15 - would you advise please, I need your help.
Do you have any other interesting ideas?
thanks a lot
JacobIgnored
My Favorite settings for SL or Exits are:
CandleTrailingStop 1x Candle with or without a 10 pip offset
Use5emaCandleClosed
UseCandleColorChangeClose (M30 and over)
Use5LWMAcross
UseTdiCloseONflat
Others i like but depends on the Pair & TimeFrame or Risk Management
UseStaticTdiCloseONcross
UseCCIlevelClose
UseProfitAmount
UseLossAmount
JumpingStop instead of CandleTrail
On lower TF's it's tricky even using a specific "TP Multiplier" is good as long as the average win/loss ratio is constantly profitable.
My Goal is only 100 pips a week for now, yes it's low but thats what im after if i see im getting more ill set 150/200pips per week average, heck if you see some of the other TMS boards some traders are getting that everyday, so it is posssible, but instead of having a daily goal, it's better to have a weekly goal, because it relieves the emotional stressfull part of trading...IMO so if i would have a daily goal i would only need 20 pips a day average and that can be obtained easily.
if you look at my Trade Explorer i have a Open Trade on AUD/JPY since last friday (daily) up now +240 pips.
Don't forget Practice + Patience + Persistence = Profits