wHat should we set the Proximity setting to? 45?
This way, the channel lines which are far away from the action field aren't drawn.
Adding below using TradeBuilder (mnikolic.com) indicator to the MACD, for EU pair, I manually back tested and made 5263pips (2011) and only 667pips (2012) for EU pair alone. I only take trades when MACD is on the other side. e.g. below zero when buy, above zero when sell:
Ind2MACross : true
Commodity Channel Index
So the FXBB system targets are dynamic and not static?
yes, the targets move along with price action, if there is a more sharp move up in price action it will try and get you out for all 4 take profits areas, but if the market is more grinding it can keep you in the trend a little longer to maximize your profit potential
Thanks to jamesagnew717 and people they have built this black book system copy.
I understand well the entry with the rules given
I have questions about Stop loss,take profit target and money management.
can you show me and example where you put stop loss for a buy ( or for a sell ) entry .
for the take profit, what is the best strategy ? low risk with target 1 or try to get target1 , 2 , 3 and even 4 ?
Money management , for each entry what is the maximum % of capital do we use ?
thanks in advance for your help
As for me, I put my SL at 5 pips away from last swing. For my back test, I only put my SL to BE after TP2 hit. I think it depends on how many pairs you are trading and how much you willing to risk per trade per pair. For EU pair, it don't perform last as well as compared to 2011 and it get stopped out at least 2 twice in a row. You cannot just use MACD crossed over and take takes, you will lose. I added many filters to mimic the green and red arrow only. I skip all the yellow arrows.
am really amazed at your findings thanks a lot, we have being modifying since page one please what are the valid entering rules
hi everyone . what happened to the usual discussion on this thread ? no improvement on this system any more ?
Great job guys. How hard would it be to make an EA out of this?
Dustin Pass is also very happy with the findings. Now he gets less money to buy goat milk for his black boxes. That's how we can make scamers unemployed. Ha, ha, ah...