thank u 4 this thread and ur wonderful contributions in bk8"s thread.pls it is only 100sma I find in my mt4.hw do I get the 100ema?
u say u use the TDI to confirm the setup. pls explain. i thought it was just for the overbought or oversold confirmation? wat is the average pips profit per trade.wat is the winning ratio? thank u once more.
thank u 4 this thread and ur wonderful contributions in bk8"s thread.pls it is only 100sma I find in my mt4.hw do I get the 100ema? u say u use the TDI to confirm the setup. pls explain. i thought it was just for the overbought or oversold confirmation? wat is the average pips profit per trade.wat is the winning ratio? thank u once more.
Ignored
TDI indicator gives better signal for BUY/SELL on overbought or oversold conditions. You can use this strategy with RSI. Or even you can use this with bollinger band and EMA100. It will still perform well.
PIPS Per Trade:- If you keep trading with the trend and don't close the trend, I can't count how much PIPS you can generate. Ideally, on trading 1H chart, I look for 30-50 pips (if next support or resistance is coming). I close the trade, open again with the trend. When trend reverses, I wait for SHORT signal.
In my experience, you have 3 out of 5 trades profitable. But once you the trend sets in and you start trading with it, you can generate more than 100 pips in one trade. Some guys are already doing this with this method even today.
You can find EMA100 (exponential moving average) in MT4. You can google it or send us message in our chat room.
