Traders...I have a few exciting updates that I should be able to post in a few minutes. Looks like we have a long trade setting up for 10 am with the original system. However, the modified system I've been working on is not confirming that signal.
This will be the last week for the original system. The decision is not based on May's performance but on the performance over the last 3.5 years. Take a look at the attached spread sheet and you'll see the difference. I've also attached a new template and indicator for everyone. I'll post a couple of screen shots to show you all the new approach. It's almost identical to the original.
Here are some screen shots for everyone. All of the original system's rules still apply. The difference is the forex off trend indicator. If the blue line is above the red and all of the other conditions are met, you have a long trade. If the red line is above the blue line and all of the other conditions are met, you have a short trade. The blue line seems to have a shift of -1 and I couldn't figure out how to remove that from the code. So, if the lines are too close and the trade isn't obvious, use your cursor to define the values. Remember, this system is a work in progress. We will add and subtract from the system according to valid back test results.
