I have switched to using the original 5-method in Big E's other post (Craig Harris Page151), i.e. when the APB bar cross over the EMA(5,typical,shift 2), enter on the bar close.
I find reading TDI and angle at the bar open a bit too subjective to me and sometimes I tend to put too much wishful thinking when I read the charts. Thus the 5-method with EMA crossing provides me with objective signals. I just add one more criterion that TDI green should confirm my entry (i.e. green above red for long entries and vice versa for short). Anyone interested can use my indicators and template. If you put four charts on one screen you should have the same layout as me.
Arrows mark entries (at the close of that bar, NOT OPEN) and diamonds mark exits (at the close of that bar). I'm still debating whether or not to take every entry, for now I'm just taking every entry mechanically but only the first two correlated pairs that gives me the signal. For example, if EURUSD, GBPUSD give signal first, I'll take it; if AUDUSD signals on the next bar, I won't take it if I'm already in EU and GU pairs.
For stops I use ATR(14) with trailing stop and add one position at 1R of profit. I'll report back but if anyone else is interested in testing feel free.
I find reading TDI and angle at the bar open a bit too subjective to me and sometimes I tend to put too much wishful thinking when I read the charts. Thus the 5-method with EMA crossing provides me with objective signals. I just add one more criterion that TDI green should confirm my entry (i.e. green above red for long entries and vice versa for short). Anyone interested can use my indicators and template. If you put four charts on one screen you should have the same layout as me.
Arrows mark entries (at the close of that bar, NOT OPEN) and diamonds mark exits (at the close of that bar). I'm still debating whether or not to take every entry, for now I'm just taking every entry mechanically but only the first two correlated pairs that gives me the signal. For example, if EURUSD, GBPUSD give signal first, I'll take it; if AUDUSD signals on the next bar, I won't take it if I'm already in EU and GU pairs.
For stops I use ATR(14) with trailing stop and add one position at 1R of profit. I'll report back but if anyone else is interested in testing feel free.
