I am testing by trading new system (very very simple system) which is fully related to this thread. Some discussion was started from this post and I am using some new indicator from here : to say the true - I am not fully understand this new Fourier Extrapolation of full SSA normalized indicator but this indicator is really great - I am receiving many PMs from some people who do not have paypal to subscribe but they are very very interesting (from many countries).
I just tested this extrapolation/forecasting line ...
It worked if we look only on the direction of the trend (because the values are re-painting for the future bars as I understand).
I traded it for EURUSD, EURJPY and with XAUEUR (Gold/EUR).
Just an example: this projection/extrapolation/forecasting was not changed the direction of the trend for almost 1 working day so see on the image:
It is +38 pips (4 digit pips) for now for XAUEUR (Gold/EUR).
As I understand - the exit will be when rsx indicator will come below 30 value in case if this projection will be still showing downtrend.
As I said - I do not know where to place stop loss and how to move it and it is one of the problem with it.
So, I am closing the trades.
All those trades were opened with this new trading system using those new indicators.
From 500 to 713 dollars in 1 day with 1:100 leverage
Who said that we can not trade using small deposit size?
newdigital, where can I find the rules for the new system?
It was not posted yet. I am just testing it.
I will post everything of course.
Just to remind:
TrendEnvelopeExpert EAs with many versions are here: it is very advanced EA with many modes for enter and exit switching between many indicators:
- TrendStrengthExpert_v2 EA: trading manually and explanation starting from this page till this one.
- TrendEnvelopeExpert_v2.2 EA: trading manually and explanation starting from this page till this one.
It is updated visual (forward trading) statement, TrendEnvelopeExpert_v2.2 EA, for EURUSD, M15 timeframe:
Updated visual (forward trading) statement, TrendStrengthExpert_v2 EA, for EURUSD, H1 timeframe:
There is some improvement is created right now for TrendEnvelopeExpert_v2.2 system - it was started with manual trading: I am trading this improvement manually before posting it here. The new system is very simople to use having just 3 indicators only.
Just for information.
Just an interesting situation: signal for sell (on open bar so we should wait until this bar will be closed) with the contradiction with fourier extrapolation.
I am posting the image for the record
Let's see how the situation will be developed about will fourier extrapolation help us to filter false signals, or not.
It was EURUSD.
And it is USDCHF: similar situation - not confirmed by fourier extrapolation.
Anyway - I opened buy stop order ... just in case (it is FXCM demo).
Many traders are not trading on Monday and I understand them
I opened the other 2 pending orders on the direction of fourier extrapolation so let's see. if this indicator (fourier extrapolation) will help us so it is good, if not - no problem.
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