atheer1
1
Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies
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Dislikedboth GU and UJ worked out again atheer.. well done. You found a good area to sell, UJ... it appears to be showing weakness. sell rallies is a term used, and I think it's an apt plan for this pair.. going forward.Ignored
Disliked{quote} Thanks ensale for your encouragement..........have a nice time my friendIgnored
Disliked{quote} thanks, I am off for a short winter break for a couple of weeks, I will try to have a good time. {image} Nice run down on UJ overnight, expected but not traded.. zzzzz for me..Ignored
Disliked{quote} thanks, I am off for a short winter break for a couple of weeks, I will try to have a good time. {image} Nice run down on UJ overnight, expected but not traded.. zzzzz for me..Ignored
DislikedI have a potential revision to this strategy. Although it is solid, it will give quite a few false runs. Why not wait for a spike, then only buy or sell once the new trend breaks the old trend line. This will be identical to the point where the new trend crosses moving average. You may enter the trade later, and potentially miss profit, but you'll lose less and get stronger signals to enter.Ignored
Disliked{quote} I will. I'm currently not at a computer, so it's hard to use a pic. Bollinger uses a moving average, and it's included in the metric. It's the line in the middle. You're essentially catching a trend reversal. Since a solid trend has a trendline, why not use ma and trendline to confirm the reversal of the trend before purchasing.Ignored
Disliked{quote} As you can see, there is a established trendline, a up trend, with a support level. Once the support level is broken, new trend starts. To help confirm a strong downtrend, wait till the regular moving average and price cross. Only buy after a major cross of price and ma. This will confirm movement and prevent loses. Bollinger bands are calculated using 3 mas. average, and a x2 and x-2 standard deviation from ma average to determine the bands location. Wait for ma to confirm the trend. You could also use mac d signals for more confirmation...Ignored
Disliked{quote} Yes it is up to you to look for confirmation of your trade by this mean or other tools...........it is a matter of risk tolerance...........obviously it comes with drawback of late entry.........but it may or may not impact win rate..............but in my opinion to risk more than 10-20 pips per trade is a non precise way of trading and unnecessary risk to take as far as the OP is concerned with.........Ignored