Disliked{quote} As I mentioned earlier, BB middle line is eaually important since it acts sometime as Resistance level {image}Ignored
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Disliked{quote} As I mentioned earlier, BB middle line is eaually important since it acts sometime as Resistance level {image}Ignored
DislikedHi Bk8, nice system you've got here. Simple and easy to trade. I've got a question regarding the exit rules: "Exit - a. trigger stoploss high(+15 Pips)/low(-15 Pips) of previous candle b. cross BB top/bottom line 3. profit - min 3 new candles" Point a. is pretty clear: move the stop loss to the high/low of the latest candle +/- 15 points Point b. is also clear: exit if the price crosses the BB to the other side Point c. however is not clear to me. Is it three consecutive candles in the direction of the trade? Or close if in profit after 3 candles?...Ignored
DislikedHi Bk8, I have asked for desktop MT4 screenshots but never mind, I have scaled to your size and the chart looks good, ref. attached. I trade CFDs for efficiency like JPN225, Ger30. I currently trade on H1 on reversals but your daily method looks promising too. I interpreted "when a bar clearly crossed sma" as "closed past sma" and drew my entry line in sky blue horizontal line. Your comments appreciated. Thanks again for sharing this method. RisingSun {image}Ignored
Disliked{quote} That's correct, Please see below setup was formed on 26th July, I always open or close positions when candle opens or closes {image} {image}Ignored
Disliked{quote} understood too, thanks for the clarification. These last months have been studying in depth and trading with Gann HiLo (5), is impressive behavior so similar to your strategy with sma (5.3) but if I'm honest I have noticed with sma method more stability since gann is quite sensitive for its configuration especially on relative and high volatility. look forward to following your threadIgnored