RSS (Ridiculously Simple System)

Quoting Dewey McG

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Can someone also explain how the moving averages are used in this strategy? Also I seem to remember something about the importance of the levels 32 and 68 on the TDI but cannot remember what that is. Anyone? Lastly, if like me, you want to practice this over the weekend here is a trade simulator: http://www.forexfactory.com/showthread.php?t=60849 {image} {file}

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Quoting Drewas

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If I see a dot I enter in the opposite direction and wait for a confirmation that I have made the right choice, the TDI cross. If I don't get the cross or price goes against me then I exit. If that happens there's a very good chance price will continue in the direction before the last dot formed, repaint and create a new dot (high or low) 1,2 or maybe 5 hours from now.

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Quoting liewyk

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{quote} Hi Drewas, Does this means if you see a dot (assume you see the dot during a high), then you will trade buy and once you see a confirmation, you will exit buy and trade sell?

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Quoting Dewey McG

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Looks like a very interesting thread. If you want to see where the Sun dots were before they repainted use the ZigZagN and make ExtDepth the same value as level 3 on your Semafor. Can someone also explain how the moving averages are used in this strategy? Also I seem to remember something about the importance of the levels 32 and 68 on the TDI but cannot remember what that is. Anyone? Lastly, if like me, you want to practice this over the weekend here is a trade simulator: http://www.forexfactory.com/showthread.php?t=60849 {image} {file}...

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Quoting Dewey McG

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That indicator was from the first post. It is used to help calculate TP and SL based on the average daily range for that pair and how far along your pair has already travelled

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Quoting liewyk

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Hi Drewas/Dewey McG, Yes I did understand this indicator is to calculate TP and SL but which is known as TP and SL? Hereby I attached a screenshot on AUD/USD pair. Assume that I would like to trade Sell at price 0.92645, what will be the TP and SL for this pair according to the screenshot below? {image}

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Quoting Samuelkanu

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Hello Drewas, i tried uploading charts before but was unsuccessful but now i have succeeded. If you look at the image i uploaded the OSMA with settings of 1,12,9 seems to preempt the cross of the TDI and so can be used for exit and for entry making the system look like a continous trading system i.e if you exit a trade you are looking to enter another. Look at the red vertical lines and test it to see that the OSMA crossed the zero line to signify exit of a trade and wait for entry of cross of TDI {image}

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Quoting Samuelkanu

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Hello Drewas, i tried uploading charts before but was unsuccessful but now i have succeeded. If you look at the image i uploaded the OSMA with settings of 1,12,9 seems to preempt the cross of the TDI and so can be used for exit and for entry making the system look like a continous trading system i.e if you exit a trade you are looking to enter another. Look at the red vertical lines and test it to see that the OSMA crossed the zero line to signify exit of a trade and wait for entry of cross of TDI {image}

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Quoting Dewey McG

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{quote} Looks interesting, but I wouldn't use it on it's own. There are times when the OSMA crosses over and the TDI does not, but bounces off instead. Where it might prove useful is for gauging the strength of the cross by the size of the bar crossing over. Worth looking at.

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Quoting soccerfan

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Hi all, there seems to be a lot of good things going on in this chart....USD/JPY H4....swing low, pin bar, macd, tdi to cross will make it a great chart..!! Here is the chart with a vertical line to indicate a BUY trade, {image} Let's see how this one goes.....

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