As you can see NZDUSD I entered in 5min TF, but after sometime it changed channel direction. In that scenario do I close my position since channel direction changed even though the dotted and support remains same? The rules say exit at the last vertical colored line or SR lines.
As stated before, once the trend has formed. The question is pullback or reversal when the opposite SR Lines appear. This requires human input to decide......... As handy148 has stated market structure... If you look at EURUSD this morning it is ranging so waiting........ I did not need an indicator to determine that. As stated by C the indicator is just a tool can not be blindly followed. There are potential improvements of the indicator and system.
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Therefore, I recommend a good filter, Stoch 34 6 2 very suitable for the M15.
I picked it up from digger1 in another thread and if you watch it very closely you will see how nicely it works.
I would recommend for this system here not to enter trades unless both bands of the Stoch are below 20 or above 80. As you can see very well, there will be a good entry every day, then if you follow the rules of Mr. C. you will certainly trade in positive territory.
{quote} Therefore, I recommend a good filter, Stoch 34 6 2 very suitable for the M15. I picked it up from digger1 in another thread and if you watch it very closely you will see how nicely it works. I would recommend for this system here not to enter trades unless both bands of the Stoch are below 20 or above 80. As you can see very well, there will be a good entry every day, then if you follow the rules of Mr. C. you will certainly trade in positive territory. {image}
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34 6 2 are very unusual settings for stochastics but hey it is what it is.
As you can see, the T3 S arrows system indicates with its arrows when we can start the operation and approximately when it ends. We would use the SR as usual, the arrows are just to alert you of the change. {image} NOTE: Keep in mind that I have not adjusted it, it comes like this from the factory, it can be improved.
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Hi Kraneos
Can you upload the T3 S arrows indicator please?
As stated before, once the trend has formed. The question is pullback or reversal when the opposite SR Lines appear. This requires human input to decide......... As handy148 has stated market structure... If you look at EURUSD this morning it is ranging so waiting........ I did not need an indicator to determine that. As stated by C the indicator is just a tool can not be blindly followed. There are potential improvements of the indicator and system.
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As stated by C the indicator is just a tool can not be blindly followed
Yes the clue is in the word i.e. indicate. Nearly all indicators are in effect a derivative of price and therefore they lag (follow) not lead.
{quote} Adjunté Indi al gráfico limpio pero no se muestra nada, ¿alguna idea de cuál podría ser el problema? {imagen}[/cita] Mt4 probably won't decompress it for you. {file}
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Still not working. I think the original mq4 might have decompressed as in the indicators folder it was also showing exe file.
I also downloaded it from Trade Station and that didn't work either. I'm out of ideas.
{quote} Still not working. I think the original mq4 might have decompressed as in the indicators folder it was also showing exe file. I also downloaded it from Trade Station and that didn't work either. I'm out of ideas.
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What is the expert and journal tab on the terminal telling you?
