And this is the example of the other entry (+21 pips for now): we see big blue dot but we are waiting 1 bar for iTrend confirmation and after that only we will open the trade
MetaTrader Trading Platform Screenshots
GBPUSD, H1, 2013.05.16
MetaQuotes Software Corp., MetaTrader 5, Demo
gbpusd h1 bw
This is example with bad entry: I opened the trade without iTrend confirmation and most probably - it will get stop loss (it may be about 20 pips in loss):
EURUSD, M30, 2013.05.16
eurusd m30 bad entry
Does exist these indicators in mt4 ?
This is example of good entry (I am traduing this system manually today for few pairs) - USDJPY M15.
We can see iTrend color, and it was above level on the bar with big dot, besides - i moved stop loss on right place ... so - it is good example of good entry (+13 pips in profit for now):
Hi New Digital !
The above trade made profit or loss ? You seemed to have sold the pair somewhere in between 102.290 and 102.210, I can see from the black dotted line but the next candle...it moved up, didn't it hit your SL ?
I do not remember (i am travelling for a week now using netbook only sorry).
I am not using take profit with this system so it is always about stop loss. This system can be used with very small deposit size and that is why I like it (I am using this system to recover the deposit after losses).
Just one example about losing trade - stop loss was moved (by me :) ... as i do not have any special tools yet) by trailing stop ... and trailing stop is the line of the indicator ... to make it shorter - it is +1 pips (4 digit pips):
USDCHF, H1, 2013.05.20
That is why this system can be used with very very small deposit size.