Had some nice trades today BUT and its a big BUT Im having severe problems making this a mechanical un emotional way of trading.
For me its far too subjective and perhaps my inexperience of this type of trading is showing.
I am there fore shutting down the thread until I can devise a way of making it a far less subjective and un emotional way to trade.
the strike rate and pips gained was impressive but the other problems I was having was the setting of pending orders.. an a horizontal line this is easy but on a trend line its anyones guess where the touch will be and at what time ..
ie
we are trending long so we have a trend line going up from left to right a lower high was put in and then we get a trend line touch .. the lower high is a bad sign and invalidates the trend line touch but how do put a pending price in for that..an EA would be needed and I know from experience that the coding required to pick out swing hi lo is awesome.
Im still looking at the 1hour and here is a chart that follows similar principles but its indicator based but 100% mechanical,Im also trialing it on a 5min chart
thanks for the support
Cheers
Paulus
For me its far too subjective and perhaps my inexperience of this type of trading is showing.
I am there fore shutting down the thread until I can devise a way of making it a far less subjective and un emotional way to trade.
the strike rate and pips gained was impressive but the other problems I was having was the setting of pending orders.. an a horizontal line this is easy but on a trend line its anyones guess where the touch will be and at what time ..
ie
we are trending long so we have a trend line going up from left to right a lower high was put in and then we get a trend line touch .. the lower high is a bad sign and invalidates the trend line touch but how do put a pending price in for that..an EA would be needed and I know from experience that the coding required to pick out swing hi lo is awesome.
Im still looking at the 1hour and here is a chart that follows similar principles but its indicator based but 100% mechanical,Im also trialing it on a 5min chart
thanks for the support
Cheers
Paulus