DislikedCan someone create an arrow indicator on the price chart?Ignored
I have not given all the rules yet?
Thanks for posting your system here- looks excellent
If I have understood your rules:
1) The RSI 15 gives us a possibility of a trade
2) The RSI 3 gives us warning a trade is potentially on
3) A Breakout of a previous high for a buy and a previous low for a sell gives us the trading signal to act on
Am I on the right track?
In terms of a SL and TP how do you feel about fixed stops and targets eg 10/20 pips?
Hope you can help
DislikedAm I correct in thinking the trade shown in the Exit post would have been stopped out as the stop loss is hit before the first target?
DislikedNo I dn't think so it you don't move up the SL till target 1 it hit right?
DislikedI understand that, but the initial stop loss appears to have been hit before the first target was hit?
The trade looks like it would have been opened around 9.45 and stopped out sta 10am?