pips qty means nothing, 'worth' means everthing. I can pull in 500 pips that'll make £500, I could also pull in 15 pips and still make £500. Risk/Reward. Has the 500 pips made you 10% up with 2% risk ? or 2% up on 5% risk ?
This could be a good thread, lets see. Been dicing with adx for false entries as I cant understand the triple cross and 15 bar count, probably simple, what have you been using ?
Trying to explain as best as i can....Sorry for my poor english !!
To avoid periods of range, if SMA 5 cross EMA 50 3 times, you count the next candles : as you can see on the chart, the black line (SMA 5) cross the blue line (EMA 50) 3 times. After that we have 4 candles before another cross.
4< 15 candles. go on.
After that, we have 8 candles before another cross. 8< 15. go on.
After that, we have 9 candles before another cross. 9< 15. go on.
After that, we have more than 15 candles without a new cross,so we are waiting for a candle closing more than 100 pips from EMA 50 for an entry.
Wow dude! Hi zebulon! It's impossible! When I tested your system, I could not believe my eyes. It's very simple, very profitable, very unstressed. Good job. You are greatest master!
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Joined Apr 2007
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Status: Improving Member
|81 Posts
Hello dear traders,
I have become interested in your great effort and job zelubon, so decided to join the thread. For an easier monitoring of the charts I've written an indicator which allows to follow up the 50EMA channel at the interval of [-100;100] pips.
I am willing it could be helpful.
... For an easier monitoring of the charts I've written an indicator which allows to follow up the 50EMA channel at the interval of [-100;100] pips.
I am willing it could be helpful....
Sorry for all the consecutive post. The SMA's are simple Hi and Low settings.I know most of you know that,but this for all the newbies.After all this is what the forum is about,helping others.
