Well it still seems your indicator places a buy or sell dot at the opening of the next bar (If the criteria are met).....which is what we need. So you are not completely off...I was just saying it only indicates the initial signal...which is cool.

NipThePips' Boomerang

Thnx a lot...but I am having trouble understanding what it exactly indicates....it seems that it only makes the dot after the candle has closed...by then it is not useful. Maybe i am reading it wrong Nevermind...had to run it through strat tester to ...

NipThePips' Boomerang

AHHH I SEE. Yea, I dont see the relationship between the two strats either

NipThePips' Boomerang

LOL, I hear that a lot lately

NipThePips' Boomerang

If you use the excel spread sheet that is included with this method, just type in the "entry price" 1.9970 And then add 3 pips to whatever the TP that it says...so if it says tp 1.9980, you really want 1.9983 Same for stop

NipThePips' Boomerang

thanks for the info

NipThePips' Boomerang

I just had some pepperoni pizza around midnight....it was a long trading night...the trade i took last night had 3 bounces! Ended up ending in 8 pips profit...didnt have the patience to wait to see what happens...and when I look at the charts this ...

NipThePips' Boomerang

Great diallist....Thnx for the info. Is there a way to have the MA display the price it crossed the bar at?

NipThePips' Boomerang

Ahhh I see...guess I must of just been lucky then. You are right, I can see that happening. So it might be best to aviod news releases...but my most active tradingtime is like 2am-6am EST, and there is rarely a news release then.

NipThePips' Boomerang

Sure I will explain it briefly, only because that is not what this thread is focusing on. Daily Chart...Similar EMA rules, even though I dont really use it. But the Median rule still applies. 30 Pip profit 15 pip stop loss, as the profit increases ...

NipThePips' Boomerang

Ok, I think we had a misunderstanding When I said add 4 pips, I was saying to your goal, assuming you didnt have a 0 spread. We are saying the same thing about the Take Profit too, just looking at it from two different angles. So even though you are ...

NipThePips' Boomerang

Also btw, sorry if my english is bad. It is my second language.

NipThePips' Boomerang

It was a pleasure. Have you read this book? It is a great book! I even have it on CD, I will upload the MP3 files if anyone want.

NipThePips' Boomerang

Dude, your profit goal is only 10 pips. if your spread is 4 pips, you are down 4 pips, then you must get another 10 pips in order to be in 10 pips profit...what does 10+4 equal? It equals 14, so that means you only need to get 14 pips in order to ...

NipThePips' Boomerang

If the spread was 4 pips, that would mean your original TP would be 14 pips, and your stop loss would be 9...not 18 and 5. No it wouldnt gut it, because I have done quick backtesting while considering spread...it was a 2-3 pip spread though. Also, ...

NipThePips' Boomerang

No Probs at all, appreciate it.

NipThePips' Boomerang

Wow thank you for your great questions! I am answering them in Blue Text.

NipThePips' Boomerang

I agree...I wish I could do it. It would make things easier since this strat has a lot of stop and reversing, which could get hard to do by hand.

NipThePips' Boomerang

I posted earlier that you can simply add your spread to the take profit and the stop loss, its no problem. If you want, I can program the excel sheet to include the spread. Ill do that when I get back home today. Nip

NipThePips' Boomerang

If your original long trade got stopped, that means that that trade is closed. And now you have a sell order. Only one trade at a time until the trade is profitable

NipThePips' Boomerang