maybe clicking on the different link in my sign would give you a hint....
in earlier post, you said that you would read the guide, have you done so ?
:
I've been studying today how the MA Cross buy and sell arrows work. They aren't actually confirmed until after the full period has been completed for the candle following the one it appears on.
For example, on an hourly chart in GBP/USD, the candle for 0100 to 0200 is formed, then the following candle starts moving down, and a down arrow appears above the 0100, then there is a sharp spike up at 0225, and the direction of the arrow may then REVERSE to going up. The only time that it can be assumed that the arrow direction is likely to be correct is when the following candle has been completed. In this example it is going to be at 0300.
When you look at it on the charts however, you see this amazing trade as though the signal could have got you in at the start of the first candle, not at the end of the second one. On a 1 hour candle this can make the difference of 100-200 pips in GBP/USD.
Thanks for clarifying Melpheos. I just wanted to make sure that anyone else that was looking at the charts like i have been was aware of this fact.
Have a look at the following as potential exit signals (for short trades)....I have been studying GBP/USD 1 hour charts, so they are "fitted" for that pair and timeframe, but my aim was to ensure that the trade stayed in till the bottom, but exited at about the correct time:
1. Stoch 5,4,3. The 4 line turns up higher than the end of the previous period.
2. Stoch 10,8,3. The 8 crosses the 10. This appears a much better exit signal than the 5,3,3 with the 3 crossing the 5, as you stay in longer for the longer moves rather than getting shaken out.
Only exit for each at the end of the bar, if the condition still holds.
I'd be interested to hear your thoughts. Please note that I am still experimenting with these settings, after developing them through observation.
Cheers,
Matt.
thanks for pointing this out, i will have a look
Still reading it. Nice bundle! I like the buy/sell arrow indicators. cool!
It must be the blonde in me.
Melph. I hate to be rude mate. But the only filter needed on an indicator based system, is knowledge. You cannot filter an indicator with an indicator. Even if its "nonlag" aka "repainting".
Having used this system now for 3 days on the 15 minute time frame, I have made 190 pips. Only 1 loss and it was very small. But its as the author said, its all about taking the best set up.
There is no point turning it into an EA or adding extra indicators. It just clutters your screen and makes things pointless. An EA will always promote loss. We all know that.
Best bet is to start from the beginning again, and enjoy the profits.
Ok. I read the pdf. But I don't have the right lines associated w/ the numbers. As I look at the attached chart, which line is the 50, 20, 10, etc.
