Use every new bar to manage trade is one of the trade management technique, by entry at new bar open and exit at current bar close. However this technique is based on market availability. If market goes one direction, you earn from price A to B pips. If market is pull back, you might still earn but chances is 50%.
IMO, If you are using trend to determine the direction, it is still lagging. I guarantee you would lose maybe 20% of trades for the lagged of signal. I have done the indicator testing before, so I know every indicators has its limitation. However, i suggest to use support and resistance to verify the direction, because of price action is the best.
IMO, If you are using trend to determine the direction, it is still lagging. I guarantee you would lose maybe 20% of trades for the lagged of signal. I have done the indicator testing before, so I know every indicators has its limitation. However, i suggest to use support and resistance to verify the direction, because of price action is the best.