neocount » Thu Mar 10, 2016 3:41 pm wrote:
Both H4 and H1 were filtered with 12 lwma. You are right about the tip of a turning point and really the only way to try to stay out is to go to a smaller and smaller tf to try to catch it early but the real culprit I have found are stale signals like the below image of the trade taken on cadchf. The ea went back almost 10 hours to find a valid cross signal. This exact reason is why George came up with his whole idea in the first place.
That was a deep DD. If you look at your chart, by the 5th hour after the open Buy, the cross on opposite direction already had happened. I am sure that other TF will no longer meet its original "BUY" condition anymore at that 5th hour and thus, the strength test condition no longer valid for that BUY. If the EA has been built with ability to exit/close the order using the same platform of multi TF strength test, it would be better than a blind SL. After all, the EA is to run as much automation as possible.
Btw, looking at your chart, that last losing Buy did open at the bottom of a large down candle. It opened exactly 6 hours after your last profiting buy which is TFJ's setting of TimeBetweenTrades=21600. So the H4 won't save you here neither would H1 MA as it is seen to be still up side. The order was open just because that trade pause time is done. If we implement another strength filter or even final trigger at a very small TF like i dare say 5m, it would have avoided that bad trade. Check against 15m too on right MA value. It might stall the trade enough till H1 MA sees the cross after 5 hours later to avoid the bad trade totally.