DislikedNo other changes, stochs ignored
I am live testing, so will keep updated although this was the first signal since May 2nd
I see this as a very successful long term stategyIgnored
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DislikedNo other changes, stochs ignored
I am live testing, so will keep updated although this was the first signal since May 2nd
I see this as a very successful long term stategyIgnored
DislikedHi all,
We have an exit signal around 1.9946 WE HAVE AN EXIT SIGNAL according to my data, which is "at the open of the next four hour candle post EMA4 and cross of EMA13", The "no brainer system", also works well on bar chart's, and most other vendor provided systems
Comments appreciated,
mattfxIgnored
DislikedIn my opinion, as we are trading on a 4H chart, no need to exit as soon as we see the exit signal within minutes- not that hurry. If you see previous events and this trade as well, after the signal (cross)appeared, now the price is up again by several considerable pips. So, I think exit can be made in the 4 hour period or so. Please advise me if I am wrong.Ignored
DislikedI know this is a dumb question, but I don't understand the entry. How do you know to buy or sell on the entry indication? Thanks to anyone who can help a slow member understand.Ignored
DislikedPost number 1 tells you everything you need to know about the basic concept. As a newbie, you should start there.
T4KIgnored
DislikedI appreciate you taking the time to reply, but I've read post #1 and understand the concept except for how do you know whether your entry is a buy or sell? Thanks againIgnored
DislikedHi,
From post #1
"..Look at 4 hours chart
Entry:
When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, with a new open candle, place your entry with a stop loss of 50pips.
Exit :
When EMA4 reverse and cross the EMA13 on the next open candle."
..to be completely clear:
If EMAs cross upwards (as per post #1) then BUY.
If EMAs cross downwards (as per post #1) then SELL.Ignored