StepMA6.2 for exit
First off, I don't know if I've said thank you to Nina yet for posting this method, so Thank You.
Second, I'd like to suggest using StepMA v6.2 with a Length setting of 100 (everything else default) for the exit. After looking at the code, I still don't really understand how it works, but in many of the trend-following systems that I'm testing/developing, this indicator has really helped with exits. Basically, once in a trade, stay with the trade until the step turns against you on the Close of the bar. If the step goes flat, you stay in the trade.
This thing does a really good job of keeping you in the trade for the big moves and not letting you get stopped out due to a small retraction in price. Of course, this will never get you out at the very top or bottom of the move, and sometimes you may give some profits back, but the abililty to stay in the bigs moves more than makes up for that (IMHO).
Thanks again Nina,
Thanks to you.
I'll try it.
nina i still dont understand how you know when is new HIGH or new LOW
can you explain please?
Leutzuro, it has been explained a lot of times. Please, read.
Today's signal so far (08:52CET):
EURUSD, bought at 1.2116. Made a high at 1.2138. +22 pips
USDCHF, sold at 1.2790. Made a low at 1.2761. +29 pips.
GBPUSD, bought at 1.7685. Made a high at 1.7700. +15 pips.
TOTAT SO FAR= +65 pips
Second RECAP (12:46CET):
Note: not all brokers give the same signals.
EURUSD, sold at 1.2117 (10:30CET). Made a low so far at 1.2058. +59pips.
USDCHF, bought at 1.2796 (12:00CET. Made a high at 1.2847. +51pips.
GBPUSD, sold at 1.7642 (10:30CET). Made a low at 1.7586. +56pips.
TOTAL 1 (65) + TOTAL 2 (166) = +231 pips.
nina you have great results
thanks for sharing:)
Nina this is what i see.
Im doing right?
can you attach a chart with the indicator and post the indicator please.
Please tell me which is the latest/best version of your indicator, Nina. Where can I get it please? I have 3 versions: CatFX50 (2 versions) and v2_MookFX.
Thank you in anticipation.
Pls Check Page No. By Default is 48 and Post # 474. I beleive its final one posted by NINA the Great.