No. If ADX is below 25 at the close of the 9:30-10:00 bar there is no trade. ADX is not used as an entry trigger. That's what the RSI and Custom Trend are for.
No. If ADX is below 25 at the close of the 9:30-10:00 bar there is no trade. ADX is not used as an entry trigger. That's what the RSI and Custom Trend are for.
Please remember that the 7:00PM trades were not nearly as profitable as the 10:00AM trades. However, both times combined returned approx. 8500 pips in 16 months according to the back test. That's why I made the decision to trade it as well as the 10:00 AM.
I entered short half hour later... got confused with the times. Now I know it is half hour earlier. At least I entered in a good spot @ 131.62. I'm +24 as we speak.
This is a stress-free and easy to follow system. I think the afternoon trade is worth pursuing based on the backtest data.
I am on Forex.com (UK) and at the close of the 14:30 bar I had the trend indicator red, RSI at 46,8890 and the ADX at 25.2018 (moving up from the 13:00 bar). Wouldn't you consider this an a sell signal, marginal I admit)? An easy win, just like the Blackhawks tonight!
I entered short half hour later... got confused with the times. Now I know it is half hour earlier. At least I entered in a good spot @ 131.62. I'm +24 as we speak.
This is a stress-free and easy to follow system. I think the afternoon trade is worth pursuing based on the backtest data.
Ignored
Yeah....I got in late yesterday because of dish washing duties. I just put a pending order out there and got a good fill.
Thanks for the compliments. I've put a lot of work into this system and I hope that people stick with it for a couple months.
I am on Forex.com (UK) and at the close of the 14:30 bar I had the trend indicator red, RSI at 46,8890 and the ADX at 25.2018 (moving up from the 13:00 bar). Wouldn't you consider this an a sell signal, marginal I admit)? An easy win, just like the Blackhawks tonight!
Mitch
Ignored
What day are you looking at? Remember that the ADX is NOT a trigger for entry. Give me a minute and I'll find a good example to post.
Now, if the ADX had gone below 25 we would not have taken this trade. Regardless of the RSI and Custom Trend. They are triggers and ADX is the filter. The filter has more weight than the other 2.
