The7 do you move SL to the previous daily bar (low if long, high if short) each day?
The7 Trading Method Signals Thread 136 replies
DislikedNo he doesn't; he gets out when there is an opposite signal. It's in the first post.Ignored
DislikedYep 1st post "Closing candle has to open outside the channel to become a valid signal. Let it run until you see opposite signal. Stop Loss is high/low from last candle".
I would assume if you have a SL then you move that stop loss on a daily basis.Ignored
Disliked7, do you think there's also a case to be made for a separate trend continuation trade in those instances in a trending market when there may not have been a signal from the original rules but when price exceeds the bands, high or low? See the example.Ignored
Dislikedlooks like u would have been stopped out on nzdusd short.Ignored
DislikedIn your examples, I would have been in that downtrend 7 candles earlier than the down arrow is pointing, and in the next uptrend 4 candles earlier. In both cases I would have been in the trend before the breakouts to the outside of the EMA bands, and benefitted from both longer runs.
If you are looking for different entries, then you may be changing the dynamics of the strategy. Do you have an entry method in mind?
Have you tested this on lower timeframes?
DislikedThe annual return is 255% with combined strategy with the 3 assets that were profitable, EUR/USD, AUD/USD, USD/CAD. The modifications are that I replaced EMA with a lowpass filter and used the low and high of the 2 last bars for the stop. The optimized parameters are the time period and a factor for the stop. I can post the code here if someone wants to reproduce the result.
This system really appears worth trading.Ignored