Hi Everyone, I wanted to get your help and suggestions on how to use my custom indicator I had created for metatrader. I only use it on 1hr timeframe on gbp/usd. I only take signals from close of 4gmt to close of 15gmt. I have a minimum 15 pip TP and usually set SL 10 pips below the low or high of the entry candle... i adjust the SL the close of each candle.
I've backtested it with fairly good results. One month up.. one month down type of results.
It usually catch's the trend and the counter trend.. now i just need to figure out how to stay out when the market is bumpy.. any suggestions?
I attached the indicator below.
Gio
I've backtested it with fairly good results. One month up.. one month down type of results.
It usually catch's the trend and the counter trend.. now i just need to figure out how to stay out when the market is bumpy.. any suggestions?
I attached the indicator below.
Gio