Trends have a higher probability of continuing than not.
MA Crossover System that works for me
- #934
- Edited 10:17am Jun 20, 2023 6:02am | Edited 10:17am
Both yen pairs that were aligned earlier today have gone out of alignment. That's why I set them to sell only - it was clear they were stretched and would likely correct. Others that were suitable yesterday have also gone out of alignment.
It seems the markets do this - for a few days most pairs are working well and all of a sudden the whole lot go off the boil. No surprise, because it's Big Money that moves the markets and if something is troubling them it will trouble most of them and so we get "risk off" sentiment. So if we catch the move to risk off at the wrong time, most of the trades we place that morning might end up going wrong. But our 3x3 system also then will quickly stop working as the lowest TF stops being aligned.
So while we need to manage the EA and stop it from trading overbought/sold pairs, or pairs at an extreme level, or pairs that are sitting at S/R key levels, or pairs that are in old trends that must inevitably come to an end sooner rather than later, we can't get that right all the time.
EDIT: And a few hours later there is just one pair (of 28) that meets the 3x3 criteria. Something is happening in the forex market, either a pullback all round or the beginnings of a reversal in many of the pairs, if I have understood things correctly.
It seems the markets do this - for a few days most pairs are working well and all of a sudden the whole lot go off the boil. No surprise, because it's Big Money that moves the markets and if something is troubling them it will trouble most of them and so we get "risk off" sentiment. So if we catch the move to risk off at the wrong time, most of the trades we place that morning might end up going wrong. But our 3x3 system also then will quickly stop working as the lowest TF stops being aligned.
So while we need to manage the EA and stop it from trading overbought/sold pairs, or pairs at an extreme level, or pairs that are sitting at S/R key levels, or pairs that are in old trends that must inevitably come to an end sooner rather than later, we can't get that right all the time.
EDIT: And a few hours later there is just one pair (of 28) that meets the 3x3 criteria. Something is happening in the forex market, either a pullback all round or the beginnings of a reversal in many of the pairs, if I have understood things correctly.
Invented something 
although it has a long with version 9 with this version 10 it is not allowed to go long in this case
as price is in the range of the high of the last 30 days and high last 30 days minus adr (3days).
Comments are welcome, whatever.
Maybe filter with 50% of the adr (3days) pips ? (now 100%)
although it has a long with version 9 with this version 10 it is not allowed to go long in this case
as price is in the range of the high of the last 30 days and high last 30 days minus adr (3days).
Comments are welcome, whatever.
Maybe filter with 50% of the adr (3days) pips ? (now 100%)
Trends have a higher probability of continuing than not.
