Why would you not enter 0ne or twp candles back? All conditions appear to be met. It is easy to cherry pick looking at a history chart, but difficult to discriminate in real time when you have to pull the trigger.
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DislikedWhy would you not enter 0ne or twp candles back? All conditions appear to be met. It is easy to cherry pick looking at a history chart, but difficult to discriminate in real time when you have to pull the trigger.Ignored
Disliked{quote} +++++++++++++++++++++++ Agreed. The point of waiting for all conditions to be met, does keep me out of many other potential trades, but entering on bar which meets ALL conditions, can be done in real time. Hard to explain, beyond that, but I will keep checking.Ignored
Disliked{quote} Perhaps a safer entry would be a Buy Stop just above the lower BB. Would have to back test such ideas. I am just bored this Sunday morning and looking for something new. I think this forum has merit.Ignored
DislikedHave put 3 days into testing how this works. The basic premise is solid. I do like to monkey with ways to increase wins, and would like to propose one addition, provided deano is OK with this. I'm using his Stochastic, with RSI overlay as suggested in this thread. I also like divergence,Ignored
DislikedGreetings Traders. This is my first thread so please be kind. This is a simple system. I like a 15 minute chart for 10 pips a day... but often this time frame can produce 20 or more per trade. The pictured example is a fifteen minute chart. When the rules are followed I experience about a 75% win rate, with very low risk. I have backtested 500 trades, strategy tested 250, and demo traded 100 trades. I am bringing it live on a small real account now and have my trade explorer attached for your review. STOCHED UP RSI Currency Pair: ANY Timeframe:...Ignored
Disliked{quote} Diamond... Divergence is something I have liked to use as a confirmation for years, so yes, go for it... As I posted earlier, this is a set up that I have been studying for awhile. I would never trade it blindly on my live account. I also find that divergence, properly used fib targets, support resistance, higher timeframe correlation, harmonics, even candlestick formations, etc... can help increase win percentages. Many thanks for your observations and contributions. Cheers!Ignored
Dislikeddeanoracer, attached is an indicator that generates signals pursuant to the strategy in your thread. First thing that becomes obvious is that nearly all of the signals are counter trend signals. Tough to see 75% winners. I put it together just to see if I wanted to spend time on your strategy. I pass it on for your use. Thanks for sharing. George {file}Ignored
Dislikeddeanoracer, attached is an indicator that generates signals pursuant to the strategy in your thread. First thing that becomes obvious is that nearly all of the signals are counter trend signals. Tough to see 75% winners. I put it together just to see if I wanted to spend time on your strategy. I pass it on for your use. Thanks for sharing. George {file}Ignored