240 MA BUY.ABOVE_SELL.BELOW

[fire580]

Longwood, Florida.... right?

[harry]

Hi Bob and other members,

I am not getting cross for SL. Also i dont see lines for 20 pips....anyone can help me plz...

thanks
Harry

[nanningbob]

Hi Bob and other members,

I am not getting cross for SL. Also i dont see lines for 20 pips....anyone can help me plz...

thanks
Harry

Not sure what you are talking about????? There is no cross for a SL you set it at the bottom or top of the arrow.

[harry]

3. Stop loss can be placed at the arrow either at the point for a tight SL or the bottom of the arrow for more room. As you can see price seldom goes to the arrow anytime soon.

okay i think i read this and thought that indi is painting the cross for stop loss but i think this is just an example you are giving to understand the SL to be placed...am i right?

thanks

[oldbrotherdog]

The arrow will change position , do i need to change my SL position also when the arrow changed position?
I tried using 15min and 4hr chart, most of them hit my SL, do i need to close my position after a while if the chart does not move much?

[nanningbob]

The arrow will change position , do i need to change my SL position also when the arrow changed position?
I tried using 15min and 4hr chart, most of them hit my SL, do i need to close my position after a while if the chart does not move much?

I only take trend trades and I close every session. I dont trade the 15M chart but I do drop to the 30M chart with arrows off of the 4H chart and trade in the arrows direction.

[nanningbob]

The arrow will change position , do i need to change my SL position also when the arrow changed position?
I tried using 15min and 4hr chart, most of them hit my SL, do i need to close my position after a while if the chart does not move much?

That is a decision you will need to make. I am a multi-position trader so I seldom use SL. You can read about my trading style in My Philosophy of Trading thread. I really do not notice any significant moving of the arrows but I trade the 4H chart.

[josch]

Good morning,

first a great thank you to Bob sharing his knowledge.
Until the 240MA Buy/Sell I wasn't following the 10.x and earlier systems, using another strategy.
Now this 240 MA is a very easy showing result of, I suppose, a not easy and lot of work.

Ref. to the most recent v11 I only have one question:
I checked to compare a chart (example M30) with settings isiCustom TRUE/FALSE and wasn't able to see any difference. As I understand, there should be a change of colors, if a signal-arrow isn't longer valid.

Thank you
Bob, have a nice trip to Europe and your final destination 'at home'
josch

[nanningbob]

Good morning,

first a great thank you to Bob sharing his knowledge.
Until the 240MA Buy/Sell I wasn't following the 10.x and earlier systems, using another strategy.
Now this 240 MA is a very easy showing result of, I suppose, a not easy and lot of work.

Ref. to the most recent v11 I only have one question:
I checked to compare a chart (example M30) with settings isiCustom TRUE/FALSE and wasn't able to see any difference. As I understand, there should be a change of colors, if a signal-arrow isn't longer valid.

Thank you
Bob, have a nice trip to Europe and your final destination 'at home'
josch

I know it worked the one day I tested it but I only use trend trades now and I think you are right I have not see the other colors. I will see what Elixe says.

[rivelrivella]

Bob, just a question here: Basically which MA crosses are you using here in this system ? LWMA 1 vs LWMA 5 ?