At the moment, I only have an entry rule, I don’t know when to exit. For the time being, I use the SHI Channel as my guide.Here are the entry rules;
Setting:
TF 4H
CCI 9
STOCH 10.3.5
SHI Channel
SMA 21
BUY
First, wait for the stoch to go below 30 (oversold),
Then enter when,
- STOCH goes above 30
- CCI9 is above 0
SELL
First, wait for the stoch to go above 70 (overbought),
Then enter when,
- STOCH goes below 70
- CCI9 is below 0
First example:
http://img443.imageshack.us/img443/1...titled1km5.jpg
Second example:
http://img172.imageshack.us/img172/3...titled2em0.jpg
That’s it.It is pretty simple so far. I tried adding MACD and other indicators but I am not an expert so I need some help from you nice people.I need filters to filter whipsaws.
I did a test on this system for the past 2 weeks and the result was encouraging, 300+ pips on the first and another 200+ pips on the second week. 20pips is guaranteed but sometimes SL was hit because I don’t know when to exit. LOL!!Bear in my if you ask me any question I might not be able to answer them. . NEWBIE!!! eheheh
Thanx in advance.
ps- Attached is the template