Hi Steviet,
I really like the sound of your system. Basically because of the simplicity and time it takes. But, the main question i have as some others have had, is the entry. Do you enter off the price of the close of the last candle or the open of the new candle? AND, how do you determine which way to go with the trade. It can really be confusing especially when the market is ranging like it is now. I totally understand where you put your stop losses and how it gains pips. It kinda is the same target points as the RSI Daily method. I want to try this on a demo but, I kinda need to know which way to go with the order when I place it? Thank you.
I really like the sound of your system. Basically because of the simplicity and time it takes. But, the main question i have as some others have had, is the entry. Do you enter off the price of the close of the last candle or the open of the new candle? AND, how do you determine which way to go with the trade. It can really be confusing especially when the market is ranging like it is now. I totally understand where you put your stop losses and how it gains pips. It kinda is the same target points as the RSI Daily method. I want to try this on a demo but, I kinda need to know which way to go with the order when I place it? Thank you.