Just kicking up a new idea. Help me back/forward test this. I've done a preliminary test on EURUSD only.
Indicators:
W%R(21)
Bollinger Bands(21)-On W%R's Data. Meaning, don't apply on the close. Deviations=1
Timeframe: 1H
Entry:
Long: W%R must cross lower BB line and mid BB line.
Short: W%R must cross upper BB line and mid BB line.
*When crossing, it must do it in 3 jags or less. Meaning that the line should be straight through as much as possible. None of the /\/\/\ zig zagging.
Take the trade on the open of the next candle after it crosses the middle line.
Exit: TP 25 pips. closing 75% of your trades. Trailing stop or any other exit method for the other 25%. Meaning you have 20 lots open, close 15 lots when you make 25 pips.
50 pip SL
Close the remainding 25% when the trade reverses.
Indicators:
W%R(21)
Bollinger Bands(21)-On W%R's Data. Meaning, don't apply on the close. Deviations=1
Timeframe: 1H
Entry:
Long: W%R must cross lower BB line and mid BB line.
Short: W%R must cross upper BB line and mid BB line.
*When crossing, it must do it in 3 jags or less. Meaning that the line should be straight through as much as possible. None of the /\/\/\ zig zagging.
Take the trade on the open of the next candle after it crosses the middle line.
Exit: TP 25 pips. closing 75% of your trades. Trailing stop or any other exit method for the other 25%. Meaning you have 20 lots open, close 15 lots when you make 25 pips.
50 pip SL
Close the remainding 25% when the trade reverses.
Attached Images
