Mingary: Yeah... Guess its based on fast moves vs slow(trend steady) moves. Many times when you see a spike on the lower time frame and the bigger time frame are not ready for it. its a false move.
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DislikedMingary: Yeah... Guess its based on fast moves vs slow(trend steady) moves. Many times when you see a spike on the lower time frame and the bigger time frame are not ready for it. its a false move.Ignored
Dislikedhi all, my test on the 1M/5M EA last night NY session.Thanks to Metacoder for sharing. {image}Ignored
DislikedHi just notice if you trade this it must be a smaller lots like .01 so you can endure the pain of 280pips or worst case scenario 1000 pips {image}{image}Ignored
DislikedI would think twice about holding a trade see the example below 1 hr tf i just zoom it out on 4 hr you need a good stoploss here {image}Ignored
Dislikedwith this system or with the system of Ullen if you trade with stoploss you cant make money. the issue is where will you exit. there is no logic for that. so it goes to MC system based on "PRICE WILL {I say WILL not MAY} comeback to that level" they believe on that and bet on it. those actually acumulating their loses and WILL have it at once, called MC. the worst part is when those trade that way they can only blow their accounts. but with the posts they make and threads they start they also guide other traders into their WORMHOLE. {quote}Ignored
Dislikedpost your equity curve including %DD figure since you start your thread then I will tell you about your system. deal? {quote}Ignored
Disliked{quote} I understand if this concept isn't for you (maybe because you don't understand it), but there is a really nice ongoing discussion in here, and if you're not contributing, i don't see what you're doing here? Trying to prove a system that doesn't exist yet wrong is impossible. And my equity curve has nothing to do with this thread, i am not doing an ego battle with you, but i can tell you that i am doing allright for myself.Ignored
Dislikedstop empty words dont take discussion into wormhole simply post your results including %DD figure and shut me up other than that you are just bunch of words {quote}Ignored
DislikedHi, to my understanding, you need to know to identify the current market state. This method is going to work reasonably well if the market is ranging. However, if you observe lower highs and support levels breaks as in the forextarget's example this indicates a downtrend, and the market moving away from your price. In this case i'd recommend to leave the trade (or even to trade in an opposite direction). This is the same to all methods grouped under the rough "reversion to the mean" umbrella, that Mingary was also mentioning. A thing that can and...Ignored
Disliked{quote} I agree with kprsa. I would only trade into the direction to the D1 or Weekly trend, and of course not during news. Not doing this would cause big drawdawns.Ignored