DislikedEXACTLY !!!!
And this is what happens to most systems in here.
Somebody comes up with one, then 3000 other people work on it trying to improve it changing 3000 things.
In the end, the thread is abandoned and people move on to the next best thing.....repeating the whole process once again.
Why ? Because, once again, no matter how hard you try, as soon as the market starts becoming choppy, there is no indicator or set up that will save you.
It is always the same story unfortunately.
This is not an attack to this thread, not at all. I actually downloaded all its indicators and tried it out, but once again it fails in choppy times.
Regards,
FutureIgnored
There are lots of tricks you can use such as scaling in, scaling out, putting qualifiers for entries AFTER you get the signal (such as put a 15 pip qualifier away from the market when you get your signal) so you filter out weak signals (tight ranges), moving your stop to breakeven as soon as possible, t/p 1/2 position after X pips and move stop up for other half and let it ride, etc, etc, etc..... The list is endless and mostly up to the trader to figure out what works best on what pairs and timeframes.
Steinitz may makes millions off this simple "system" while the next guy can take the same trades and blow his account because he doesnt have a clue about money mgt or trade mgt. It's up to you to qualify the signals and make it work just like it is with any indcator or "system".
[ADD] PS - Mr. Future - this was not directed at you personally. I am just making statements in general about most systems and indicators and it just came to mind after reading your post. Just wanted to make sure I didn't sound like I was attacking someone or anything.
TraceJ