Hello guys,
I am testing a trading system by trying to trade inside the H1 candle
by spotting the best entry point on M1.
I do not trade upon H1 trend, I am only trading in the direction of the
H1 candle color. But I enter the trade when my indicators on M1 give
me a signal that goes in the same way of the H1 candle color.
I am using indicators like Rad-Walls (defaut value) and EMA 13 to spot
the trend on M1, along with a slow Stochastic(100,3,7) for longer trend;
a fast stochastic (24,7,6) to spot the best moment to enter the market.
I am also using SweetspotGold with which I can see if the market has suitable
range in the actual period to trade or not.
I made some good trades with this system. But my problem is that, I noticed
that not every H1 candle is tradable. My biggest problem is with the candles
which has indecision.
So I would appreciate some ideas to improve the entry point on M1 and to avoid trading indecision candle. Is there an indicator like a price trigger that I
can use on H1 that will give me signal on the best candles to trade on?
I am attaching an image of my MT4 screen. I would like to have feedback of
anyone who is interested to improve this system.
Regards,
Descaboy
I am testing a trading system by trying to trade inside the H1 candle
by spotting the best entry point on M1.
I do not trade upon H1 trend, I am only trading in the direction of the
H1 candle color. But I enter the trade when my indicators on M1 give
me a signal that goes in the same way of the H1 candle color.
I am using indicators like Rad-Walls (defaut value) and EMA 13 to spot
the trend on M1, along with a slow Stochastic(100,3,7) for longer trend;
a fast stochastic (24,7,6) to spot the best moment to enter the market.
I am also using SweetspotGold with which I can see if the market has suitable
range in the actual period to trade or not.
I made some good trades with this system. But my problem is that, I noticed
that not every H1 candle is tradable. My biggest problem is with the candles
which has indecision.
So I would appreciate some ideas to improve the entry point on M1 and to avoid trading indecision candle. Is there an indicator like a price trigger that I
can use on H1 that will give me signal on the best candles to trade on?
I am attaching an image of my MT4 screen. I would like to have feedback of
anyone who is interested to improve this system.
Regards,
Descaboy