I read few pages of the thread but got confused with all the modifications. can you just confirm that the below is the system you are trading.
long entry:
when a candle opens above the 3 ma's, we go long with sl=50 and tp=100.
short entry:
when candle opens below the 3ma's, we go short with sl=50 and tp=100.
if tp or sl not hit and we get another trade opportunity then we ignore it.
candle most close inside channel then open outside it for valid signal.
In a day if sl is hit then we wait for another opportunity to trade, if sl is hit for the second time we stop for the day. if tp is hit once then we are done for the day. so we can have, 100pip loss, 100pip win, or 50 pip win.
am i correct?
thanks.