DislikedLebaneese and Dave, I mainly just lurk but signed up at FF just so I could post to personally thank both of you for your efforts to help others become successful at this very tough business. Dave, just an observation. I use NinjaTrader with Interactive Brokers Forex data and I noticed that this NLD indicator is matching up pretty darn close to a standard 9 period WMA. The NLD just has more math going on to reduce a longer period down to lower period "classic WMA" calculation stuff. Also, I think Lebaneese mentioned a point about trading the basket...Ignored
For hedging question , in fact I am not hedging a position I am taking 2 separate trades each with a SL so for me I wouldn't call it hedging it is 2 trades even if it is like hedging and sorry to know that in US it isn't allowed to have 2 opposite position for same pair. wish u all a green pips.