GBP USD 15m
hi
thank you for your idea..but it more clear if you attach your picture here
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Yeah,
Picture (sometimes) explains more than thousands words
And,
how long have you been using this System??
How about it's TP ??
Apologies - there was a photo attached but it appears it was removed
The link is
http://image96.webshots.com/196/2/0/87/2094200870034145514nofShD_fs.jpg
The strategy would have just gone short 15 minutes ago.... so just be a couple of pips in profit now for the 2nd trade of the day
Sorry about the picture!
Nick
Apologies - there was a photo attached but it appears it was removed
The link is
http://image96.webshots.com/196/2/0/87/2094200870034145514nofShD_fs.jpg
The strategy would have just gone short 15 minutes ago.... so just be a couple of pips in profit now for the 2nd trade of the day
Sorry about the picture!
Nick
Apologies - there was a photo attached but it appears it was removed
The link is
http://image96.webshots.com/196/2/0/87/2094200870034145514nofShD_fs.jpg
The strategy would have just gone short 15 minutes ago.... so just be a couple of pips in profit now for the 2nd trade of the day
Sorry about the picture!
Nick
I havent traded the system but have been watching it a few months...
Take profit - something I'm trying to determine but when you get an opposing signal.
So 39 minutes ago there was a sell signal given at 1.6163 which would have got you out of a buy position from 6 hours previously taken at 1.6103.
The short would now be 13 pips in profit - excluding the spread u pay
Looking for guidance with the system though....
I'll help you to show the picture
Okay, so this the picture
Good when trending...
How to avoid the ranging situation??
Ranging - I'm not sure yet - generally GBP USD doesnt seem to have had many issues with intraday ranging - I usually only look first thing in the morning rarely into the afternoon. The first signal around 8am CET seems good....
Suggestions? Maybe ATR?
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I've had an idea for GBP USD on a 15m chart. It seems to be fairly reliable and simple but I havent actually traded it yet. I've been trying to work out a way to back test it but figured people in here may be able to give advice or help!
I've attached the 2 indicators below....
slope_direction_line_alert.ex4
channelprofit.ex4
And the system basically is buy when the slope line and dot are both blue and sell when red - but you need to wait until the end of the bar. I've also tried to watch it during the European session - so from Frankfurt opening onwards. It seems to catch some good trends but I'm unsure of how to test it further, before trading live??
Thanks
Nick
PS. stop loss is where the dot is....