240 MA BUY.ABOVE_SELL.BELOW

Post by **nanningbob** » Sun Oct 12, 2014 2:04 pm

4. Once the arrow or warning comes on you will then want to set up your trade. I will be using pendings with 20 pip profit and 20 pip SL. I will then adjust them to the arrow and before the lines on the screen. On the chart the light blue boxes showed where price definitely went over 20 pips. Pink boxes it is either very close to 20 or was profitable at some point. Then there were two trades marked with a red X that would have hit the SL.

Post by **nanningbob** » Sun Oct 12, 2014 2:16 pm

This chart I wanted to show that every trade was profitable within an hour from the signal. Green thumbs went over 20 pips, yellow thumbs under 20 pips but still made a profit. So once you place a trade with this system you want to get out with profit or after an hour.

Post by **nanningbob** » Sun Oct 12, 2014 2:23 pm

Now there is no such thing as a perfect trading system. The gbp/usd shows 2 profit trades, 2 stop loss and 5 trades that went nowhere or didnt get 20 pips in the hour. But you need to see that some days you just aint getting none. However, on bad days you arent losing your shirt either.

Post by **nanningbob** » Sun Oct 12, 2014 2:30 pm

Now same system 30M gbp/usd chart, SL not a problem unless you let the trade go over the hour limit. 4 went 20+ and 6 trades less than 20 pips. 1-4 signals a day.

Post by **nanningbob** » Sun Oct 12, 2014 2:35 pm

4H NZD/CAD 1-2 trades a week. All got 20 pips and some much more. Only 1 SL hit if you place it at the top of the arrow. However you only get 1 or 2 signals a week and some trades you would have to wait 24 hours or more before they move. Plenty of time to set up the trade though.

Post by **nanningbob** » Sun Oct 12, 2014 2:40 pm

Want 40-50 pips a pop a couple of times a day. Try the 1H gbp/nzd. That will get your blood flowing.

Post by **nanningbob** » Sun Oct 12, 2014 2:45 pm

30M gbp/aud ............. juicy.

Post by **nanningbob** » Sun Oct 12, 2014 2:46 pm

Better yet the 1H gbp/aud chart. hmmmmmmmmm I like it medium rare with some salt and pepper and cook it on an open grill.

Post by **nanningbob** » Sun Oct 12, 2014 4:30 pm

SteveHopwood » Sun Oct 12, 2014 8:14 pm wrote:New toy: http://www.stevehopwoodforex.com/phpBB3 ... 16#p101316

Thanks Steve, can they be used on any TF??

Post by **AZJeff** » Sun Oct 12, 2014 4:45 pm

Bob,

Very nice. It would be wonderful if someone could make a dashboard that displayed the different time frames and information. I am not sure if that could be coded.

Regards,
Jeff