The short was about 9:50 on your chart. Indy below/above O for short/long, headed down/up and 2nd entries between 7am and noon central time. But remember that was only a 30 day look back. On your chart there are 3 trades that would meet the ...

Flag trading the trend

There was a nice quick 2 legged pullback on the downtrend too. Indicator was under 0 and headed down. It showed just one green dot, 2 legs and bingo 20 ticks

Flag trading the trend

The zero line on the indicator like Erasmau66 has on his chart. I also was only trading between 7 central and noon. By taking trades only on the corresponding side of O and only second entries it limited the number of trades taken, but the ratio was ...

Flag trading the trend

That's it for me today. 3w, 1be and the golf course is calling.

Flag trading the trend

When I tested with the 1 bar stop the average win was 27. So 20 sound about right. 15 plus 27 is 42 divided by 2. there were 3 times as many runners as BE+1 so it should pay off with 20

Flag trading the trend

Typically the pullback is going to produce a swing high or low. Your hoping the pullback is going back into resistance and won't make a new high or low. So sitting at the end of the entry bar should be where you have to wonder if your wrong about ...

Flag trading the trend

No. The original stop at 15. Moved to BE+1 at 13. Target at 15. After the chart was marked up I went back and measured how the 1 bar trailer would work out.

Flag trading the trend

In my look back of the last 30 days I moved the stop at 13 to get 15 with a 15 tick stop. 30 winner and 2 losers. Remember I was only taking trades with the MACD in the corresponding zone. If I just chased the trade using a with trend one bars stop. ...

Flag trading the trend

Second entries are by far the best. The first entry produce about as many losers as winners. I was taking only trades where the MACD was below 0 for short and above 0 for longs. Haven't tested just slope of indicator yet.

Flag trading the trend

Big oil rig started burning in the gulf, A Mexican oil rig

Flag trading the trend

How did you short 44 turn out. I'm just saying that your ma and your indicator are telling you the same thing all the time. A second indicator should help filter by being different than the other indicator. Maybe try slowing the MA down some and let ...

Flag trading the trend

Seems all your indicators are basically one speed 11,16 and wma 10. So at best your only looking back 16 bars to detect your trend.

Flag trading the trend

Hey Harold, I thought you didn't like indicators?

Flag trading the trend

OK, now how does it work? Or is that an ancient Chinese secret? I don't do EA's, but always curious to learn a better way to trade!!!

This may not be a holy grail but it is as close as it can get

Glad your enjoying it. Happy New Year!!!!

The 5 minute TF S&R trading system

Say thank you Harold

The 5 minute TF S&R trading system