Bill
Thanks for pointing that out. Are you trading everyday or just when the 4 to 5 indicators line up? Do you re-enter after you have taken 50,100,150 or wait for the next trend change?
I was taught by someone else at a webinar to wait for the 10 day cross and look for a 0 PNI and the PSTT and PMTT to both be negative to consider short trade (vice vesa for long).
Confirming Indicators:
Macd would be heading south for a short.
Slow Stochastic would be above the 50 heading south.
To exit a trade, they said to watch the PMTT line at the bottom to begin to stretch to the botttom or top like a rubber band and then to tighten your stops,
They also had a entry that they used to enter a trade with (Buy Stops)
To Short:
(Predicted next day high - Predicted next day low) * .15 = offset
1.9710 - 1.9591 * .15 = 17.85
Then take the Predicted next day high - offset = Entry to go short
1.9710 - 18 (Rnd up) = 1.9692 short entry
To go long add offset to the predicted next day low.
Or if you could use MOO market on order
Do You have script to handle the multiple exits on Metatrader?
Cyclone
Thanks for pointing that out. Are you trading everyday or just when the 4 to 5 indicators line up? Do you re-enter after you have taken 50,100,150 or wait for the next trend change?
I was taught by someone else at a webinar to wait for the 10 day cross and look for a 0 PNI and the PSTT and PMTT to both be negative to consider short trade (vice vesa for long).
Confirming Indicators:
Macd would be heading south for a short.
Slow Stochastic would be above the 50 heading south.
To exit a trade, they said to watch the PMTT line at the bottom to begin to stretch to the botttom or top like a rubber band and then to tighten your stops,
They also had a entry that they used to enter a trade with (Buy Stops)
To Short:
(Predicted next day high - Predicted next day low) * .15 = offset
1.9710 - 1.9591 * .15 = 17.85
Then take the Predicted next day high - offset = Entry to go short
1.9710 - 18 (Rnd up) = 1.9692 short entry
To go long add offset to the predicted next day low.
Or if you could use MOO market on order
Do You have script to handle the multiple exits on Metatrader?
Cyclone
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Cyclone