Another sloppy PA Day, I am calling quits for the week. Things to do places to be. Got 2 good wins, a small loss, a B/E and a tiny win
Attached Image (click to enlarge)
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Williams%R, SAR X-over 15 minute candles
- #5,984
- Jul 19, 2024 11:52am Jul 19, 2024 11:52am
{quote} Do me a favor and post chart without the boxes you are showing as trade signals, it hard to see blue boxes and down candles are too similar. BTW the stop I begin with is 15-20 ticks not 10. Also, I don't trade every signal that I see, this is a discretionary system. Also, I don't use MACD for exits, I very often get out before it crosses. What are you trading on the chart?
sure.
the colored bars are a custom indi i made. basically, takes into account all conditions and colorizes a bar when the conditions for a signal is met. i added the channel and MACD for clarity. the heiken closes are taken into account too in the indi, but off the chart so you can see price. the huge black box is the trading session. i hope this is easier on the eyes.
i did notice sometimes it looks like you get out on opposite color heiken closes, and sometimes on heiken closes back into the EMA channel as well. some of them seem to coincide with MACD crosses, but i guess that was just coincidental and i focused on it too much.
i personally have no clue why, or when i should be closing based on the system. i'm not sure if i'm supposed to be scalping or looking for big moves. should i be trailing at a certain percentage of the move? or maybe in pip increments? i'm lost about the trade management aspect as well as the discretionary part for entries (maybe waiting for HH-HL for buy signals to be valid and LH-LL for sell signals to be valid?).
