DislikedI am using UJ primarily...I lose too many trades when watching too many pairs. On a suggestion of Niceguy, I am sticking to one pair.Ignored
With this new system I'm gonna try seven pairs and choose 2-3 pairs that are the best ones.
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DislikedI am using UJ primarily...I lose too many trades when watching too many pairs. On a suggestion of Niceguy, I am sticking to one pair.Ignored
DislikedRight now it makes a lot of sense. I'm sure in a little while you will be able to watch 2-3 pairs. With my current system I usually watch 2-3 pairs (GBPUSD, GBPJPY, EURJPY)
With this new system I'm gonna try seven pairs and choose 2-3 pairs that are the best ones.Ignored
DislikedMaybe over the next few days, EllisEdi can find some time to work on V2.
I really think, sad to say, after doing some more EA testing on EU on different TF, for 2010, the original system seems to lose more than it can win.
Maybe with NonLagMA 84 as the filter/trend, this will fair better.
Right now, the idea for v2 is like this:
OPEN TRADES
BUY
- if NLma21 cross above NLma84, AND
- if NLma21 has the same direction/color green as NLma84
SELL
- if NLma21 cross below NLma84, AND
- if NLma21 has the same direction/color red as NLma84...Ignored
DislikedMaybe over the next few days, EllisEdi can find some time to work on V2.
I really think, sad to say, after doing some more EA testing on EU on different TF, for 2010, the original system seems to lose more than it can win.
Maybe with NonLagMA 84 as the filter/trend, this will fair better.
Right now, the idea for v2 is like this:
OPEN TRADES
BUY
- if NLma21 cross above NLma84, AND
- if NLma21 has the same direction/color green as NLma84
SELL
- if NLma21 cross below NLma84, AND
- if NLma21 has the same direction/color red as NLma84...Ignored
Dislikediamnoel, I just went through the last week manually, and the results are very good, on average 50-100 pips per pair per day. And if we have 6-7 pairs? Wow!
But I didn't use your exit rules. I exit with 3_Level_ZZ_Semafor_Alert.
I understand that you don't want to add a whole bunch of indicators (and you're right, the simpler - the better!), but I think that we need at least one indicator for the better exit, and 3_Level_ZZ_Semafor_Alert allowed me to add a lot of pips exiting at the better time.
If somebody wants to use it, go to inputs and...Ignored
Dislikedlosingtrades, after you entered the trade on M-15, you wait until the "alert" - at that moment you'll see on the chart a new circle with the figure "3" inside it (and there is a popup alert, saying that the currency on M-15 is on the high or on the low). But it is just a sign that you must be careful and that probably you have to exit in a little while. You see, this circle can change, can repaint, it is possible that the currency will go further, and then the circle will repaint and switch to the new height.
So, what do we do?
When we see...Ignored
DislikedNo bothering at all!
Yes, I enter on M-15 and I watch both M-15 and H-1; the same setup.
If our trade is long, we wait until a red circle above the candle, and if our trade short, we wait until the green circle below the candle, so you're right, we need a different color from 21.
On these two pictures I entered NZDUSD at 13:15; you can see, that the red circle on M-15 stayed above 19-45 candle, and on H-1 it stayed above 19:00 candle. That means, that the red circle appeared on both charts almost at the same time (as far as I remember, it...Ignored
DislikedCome on, guys!
Obviously, some of you have much better exit strategies! Please share!Ignored
Dislikedthis is excellent and simple to understand for my simple mind. thanks so much.
so, your setup on both charts are 21 and 84?
what indicator is on the bottom of each chart (boxes)? is that the one hour on the 15M chart and the 4 hour on the 60 M chart?
if so, how did you get them to show as boxes and not another line?
I understand your 15M entry...you are following noels rules, but I dont see the 60M line on your 15M chart?
are you only entering when they cross?
BR/JacobIgnored
Dislikedlosingtrades, I showed you my Fridays charts, the way they looked on Friday and the way I traded on Friday.
The idea about 84 came later. I'm going to use 84 exactly like iamnoel recommended for the entry, and I will exit with semafor alert, like I explained.
My setup for both charts will be the same, I'll just add to the chart you saw NonLagMA 84.
The indicator on the bottom of the chart - Heiken-Ashi in the form of the bar, it shows Heiken-Ashi M-15 color on M-15, Heiken-Ashi H-1 color on H-1 etc. It is not a part of the system, I just got...Ignored
Dislikedlosingtrades, your questions are bringing answers that I for one need. So please don't think they're dumb questions. (Or maybe we're both dumb??) lol
MaryIgnored