just a suggestion , you should have a trend filter like with MA if price above MA then only show buy signals and vice versa
Eric,
Adding MA as a filter is indeed a good choice. However every trader has huis own preferences. Support & Resistance is one tool in the trader's toolbox. Adding other tools to make a system is up to the trader.
Do you have this in a MTF multi time frame version ?
No, I haven't. But will put this on my TODO list.
I would buy it if it was mtf,
I like using 1hr engulfing bars on a 15m chart, I have one already, but
I like yours because of the stop and target lines you have .
I would buy it if it was mtf,
I like using 1hr engulfing bars on a 15m chart, I have one already, but
I like yours because of the stop and target lines you have .
Thanks for the clarification Paul. I have one more question, how do you calculate the TP and SL levels?
MTF version of it with multi-pairs would be great,
BTW silly question..
The order should be taken a market order right when the arrow appears right?,
i mean right after that colored candle closed the arrow appears and that when i enter is this current?
MTF version of it with multi-pairs would be great,
BTW silly question..
The order should be taken a market order right when the arrow appears right?,
i mean right after that colored candle closed the arrow appears and that when i enter is this current?
just a suggestion , you should have a trend filter like with MA if price above MA then only show buy signals and vice versa
Eric
just a suggestion , you should have a trend filter like with MA if price above MA then only show buy signals and vice versa
Eric,
Adding MA as a filter is indeed a good choice. However every trader has huis own preferences. Support & Resistance is one tool in the trader's toolbox. Adding other tools to make a system is up to the trader.