How do you filter inputs? When you follow the rules of this system is still a lot of bad input if the trend accelerates as the trade-yielding but often end up in chop, you have a welding Detailed rules?
Joined Jan 2014
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Status: Trader
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i did not create this system so i just follow rules and add my personal touches
i just keep it simple, using rules as entry and filtering further with basic S&R. Also i prefer to set and let the trade go, just ignoring the market chop.
Besides, i have my SL and TP levels
Diplomatic answer, but I thought they open this thread for discussion and also business improvement of this system, the winning entry in the trend, almost every system but filtering the input side of the trend is still art. Never show the wrong entrance, where the system according to given rules do little.
Me are still going strong brat inputs only if market pullback will do and the EMA20 and puncture trendline Set either a small pinbar, or break situation when the market opens below trendlinkou treat it like plates
Joined Jan 2014
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Status: Trader
|749 Posts|
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i also have wrong trades. This system is not holy grail,
but working good here so far.
My current win rate is around 7 out of 10 trades. Risk reward is around 1:1 to 1:2.
So when applied with correct equation, it is indeed profitable so far
What about filtering trades with higher TF? So I'm trading 15m tf, so if the signal comes i check 30m 1h 4h and daily, so they all have to have FXGlow meters to show same direction...
I greatly modified strategy, according to the existing rules gave a lot of false signals, I switched on the TF15 and removed MFI + RSI, which filtered me a lot of profitable trades, trend setter still EMA + H / L swing RRR remains 1: 2, if penetrative puncture, entering limit orders at a level of puncture
I greatly modified strategy, according to the existing rules gave a lot of false signals, I switched on the TF15 and removed MFI + RSI, which filtered me a lot of profitable trades, trend setter still EMA + H / L swing RRR remains 1: 2, if penetrative puncture, entering limit orders at a level of puncture {image}
Ignored
What's your current TPL with indies?
And, please,
What is your rule of selecting the 2nd point for trend line plotting?
Currently using RRR 1: 2 stores with smaller RRR according to me does not make sense and are liquidating account, your current SL got 12 pips, PT 24 pips, when based SL max 2 pips and still modify and PT if it is more, are entering the border puncturing limit orders, so I went into the SL 12 pips.
Trendlinky plots after low / high knots, the interior of the bar.
The conditions for entry are: EMA correct position, swingy generates new h / L, etc., the market will test the 20 EMA, 15 min TF.
My success has grown rapidly, at 5 m tf and reported conditions were too many inputs and strategies in motion to the party had a lot of bad input, with this setup is much input filtration, still hold the view that the indicator only distract you from price
Sometimes it later as input to 5 TF but comes with a higher probability pullback among whom ye seek input shall be a minimum. 4 bars
Yet I test modifications that my filtered input on ending the trend and move to BE
For four days with this setup I currently about 100pips and it still Test
