I have just started reading this particular thread. Lots of good info on it. Good point by endroute about particular systems not always working like they should for other people. FXT
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DislikedIf you are in this to make real pips, trade the hour/4hr timeframes. There were over 2K pips to be had last week on this system, that is 2K trading mini account or 20K trading a standard account. Also on the shorter timeframes you end up trading a lot more and opening yourself up to more risk. Yes I do trade the 5min charts sometimes but only when price has closed well above the gold line followed by a cross between gold and green. Just some food for thought.Ignored
DislikedEndroute,
If you can, please post any trades you are taking as they occur. Am I correct in saying there have been no valid trades on the 1H TF as yet today? The EURGBP had a cross, but now that the COG has repainted, none of the bars finished outside the lower green line, so no trade I assume.
Thanks,
ScottIgnored
DislikedEndroute,
If you can, please post any trades you are taking as they occur. Am I correct in saying there have been no valid trades on the 1H TF as yet today? The EURGBP had a cross, but now that the COG has repainted, none of the bars finished outside the lower green line, so no trade I assume.
Thanks,
ScottIgnored
DislikedAre the settings as follows: 240,4,0,1.0,500
And - Do we use default for 4 hr charts
Thought i saw nzd/jpy real time close above green - repainted a couple hrs later.
regards
GDIgnored
DislikedGuys,
We just got a valid signal (I believe) on the EURCAD pair. Correct me if I am wrong, endroute. I just bought it, so we'll see how the trade goes. I've attached the chart at the time of entry.
ScottIgnored
DislikedEuro cad/8 point pip spread on interbank...
a little too rich. what tf?
15 mn? if you don't like to wait too long for the gold (instead of green) you can always stretch the greens out to 1.5 on kstd. Obviously, not as safe. Also, I think that on the smaller timeframes if you do try to trade the greens ...you want to open above the "blue line" . . that way if you get a big
push on the 1 hour or a big move, you don't get late to the party and still get in on the retracement.. saved me today.
Again, the original is best -- thanks for shareing endroute!. Lot of pips to slay. by the time this thread is done .. I expect about 10 million hits.Ignored
DislikedHi,
Thanks to Enroute & all in this thread. I love working with MAs and this system is great but am frustrated cos I can't get the COG indi to showup after installation according to CindyXXX earlier instructions. Even the drag method from desktop does not work. Yeah, tried opening before saving to view, still does not appear. Am using IBFX MT4 demo.
Am missing a lot. May some kind soul out there please help.
Thanks and may God Blessed all with Blessed Pips.Ignored
DislikedHi All,
Thanks to endroute for bringing up this method.... Simple & so profitable.
I am going to try this method & will try to be patient on putting the trade.
(My only enemy is my patience.... Impatience will bring bad trade)
Good Luck All....Ignored