"Trade the slope" journal

Naijafx

Forgot the image.Here it is. Thanks again.

Well,

The first week in March was a good one for the Slope System. I t more than made the losses in the first part of Feb

Unrealized gain this week

+194 Gbp/Usd

Doji and Criss

You can find everything you need if you click on the link in my signature.

Pete T

Can someone explain what the different numbers are in the indicator? Specifically....

1. What is the first number, ie the 80?

2. Second number, 3?

3. Third number, 0?

Finally, what is the slope line, is it a simple moving average, exponential moving average, or...?

I have read this entire post as well as the original post by emtrader. I have been utilizing this while reading this post the past week or so and am interested in continuing but would like to understand a bit about the numbers.

RCWSO

Rcwso

The indicator is based on the Hull moving average. You can research his MA by putting in Alan Hull MA in a search engine. The 80 is the number of periods to use in the calculation. The other two number I have to be honest I do not know.

Pete

i went to your page but i can't find where you list the pairs and parameters you use.

criss

I trade the dollar crosses with 80,3,0

Pete T

1. What is the recommendation for holding positions over the weekend? If the Slope Indicator is the same on all timeframes at the close on Friday will you keep them open for the opening on Sunday? Or do most close all positions for the weekend and re-open as necessary?

2. Does anybody close trades when one of the time frames changes colors in the opposite direction and then re-open when it matches the other time frames again? Example: The 1 Day, 1 Hour and 30 Minute all match but the 4 Hour has changed and does not match. Although it did at the entry. Will you exit that trade while the 4 hour is off the "trend" and re-enter when the 4 hour matches again. I do realize the 1 hour and 30 minute charts will be out of cycle much more often but I am mostly talking the 4 hour chart changes.

Thanks, RCWSO

I always leave my trades open over the weekend. Why pay the spread again?

I stay in the trade until the SL is hit.

Pete T

Short Usd/Chf at 1.0217
Short Usd/Jpy 102.26

Pete,

Thanks. Entered same value as you.

EDIT: Eagerly awaiting your new system on GJ.

hi pete
halo i waiting for ur information about g/j? r u still use 100 pips stop fpr g/j? cos like rollercoaster up n down so fast.
r u have open position at g/j now?
thx u

Long Eur/Usd at 1.5412

Vyudi,

Sorry still testing it. It may be awhile.

Pete

All positions closed

Eur/Usd -100
Usd/Jpy -100
Usd/Chf -100

Well our open trades cleared out yesterday with the annoucement by the fed. I have opened three more positions

Long Nzd/Usd
Long Eur/Usd
Long Gbp/Usd

This thread has gotten quiet the last few weeks. I guess this is a good thing because it shows everyone has gotten the system down and is working well for them.

Pete T

Moved SL on Eur/Usd to +10

I think your correct there Pete ... it's working well

That warms my heart.

hai pete do have position in usd/cad? thx u