Damonl, the new system has been backtested too and it is quite ok but the rules are not explicit. Well, I believe the SWI is still the best. The SWI rides over the AO in all cases.
After much thought and hardwork over this weekend while putting the EA together, I believe trading on the Daily chart with the SWI only is enough. There are clear signal by the SWI and if we even use the SWI crossing over the 0 line for exit we won't be losing much and infact in most cases we won't lose.
If the SWI goes above 0.0 then we can buy and immediately it hits back at 0.0 close all trades and pending orders.
I am just thinking that what we should do is to work on this system to earn us good profits.
If we keep searching, then we will find millions of indicators out there and if we are to keep building various systems then we would die trying because there is no perfect system. For me, the SilverTrend and SWI are good inidicators showing the market trend.
I believe we should only work on crosses over the 0.0 line as for the repainting.
Then I am thinking of taking multiple trades i.e. scalping on dailies across all 14 currency pairs i.e. open pending orders everyday like we used to and set TP. Open another according to Damonl i.e. everyday place new orders. All pending orders should not be closed until there is a reversal in trend i.e. colour change or cross of the SWI above or below 0.0 as the case may apply.
Finally, at the beginning of the trend, we will place an order which will only be closed at the end of the entire ride.
I will make signal for them too just let me know once the rules are ok for the improvement.
Does anyone have scripts that closes all trades including pending orders?
After much thought and hardwork over this weekend while putting the EA together, I believe trading on the Daily chart with the SWI only is enough. There are clear signal by the SWI and if we even use the SWI crossing over the 0 line for exit we won't be losing much and infact in most cases we won't lose.
If the SWI goes above 0.0 then we can buy and immediately it hits back at 0.0 close all trades and pending orders.
I am just thinking that what we should do is to work on this system to earn us good profits.
If we keep searching, then we will find millions of indicators out there and if we are to keep building various systems then we would die trying because there is no perfect system. For me, the SilverTrend and SWI are good inidicators showing the market trend.
I believe we should only work on crosses over the 0.0 line as for the repainting.
Then I am thinking of taking multiple trades i.e. scalping on dailies across all 14 currency pairs i.e. open pending orders everyday like we used to and set TP. Open another according to Damonl i.e. everyday place new orders. All pending orders should not be closed until there is a reversal in trend i.e. colour change or cross of the SWI above or below 0.0 as the case may apply.
Finally, at the beginning of the trend, we will place an order which will only be closed at the end of the entire ride.
I will make signal for them too just let me know once the rules are ok for the improvement.
Does anyone have scripts that closes all trades including pending orders?
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