Today I have added the Daily Open line. So my chart is:
Mika - the yellow punctuated line.
Supertrend - the green, red line.
Daily Open - the white punctuated line.
MACD
CCI
A long only when a bar close over all these lines and if the bar was green.
So there will be trades I do not get, because they are against the DailyOpen. It will be to my advantage most days, but not always.
Exit using the Supertrend. Only close of bars, newer the witch.
If you have had a nice long run, then you can exit using the low line at the Mika channel. It will get you out of the trade faster and so not leaving as many pips at the table.
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Now if you are good at selecting the best instruments to trade for the day, then this will give you money most days.
Mika - the yellow punctuated line.
Supertrend - the green, red line.
Daily Open - the white punctuated line.
MACD
CCI
A long only when a bar close over all these lines and if the bar was green.
So there will be trades I do not get, because they are against the DailyOpen. It will be to my advantage most days, but not always.
Exit using the Supertrend. Only close of bars, newer the witch.
If you have had a nice long run, then you can exit using the low line at the Mika channel. It will get you out of the trade faster and so not leaving as many pips at the table.
---------------------------------------
Now if you are good at selecting the best instruments to trade for the day, then this will give you money most days.
MetaTrader 4 - so many advantages.
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