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- Indrek replied Nov 5, 2017
If ATR is 16 then 3 * ATR is 48. So, if the possible entry is more than 48 pips from last low (for buy) or high (for sell) then no trade. From your picture I see that the distance from last high was around 30 pips, which means that everything was OK ...
- Indrek replied Nov 4, 2017
I think, any trader should know his/her tools. That is why I suggest to do some additional reading about the indicator we use: url . Please, pay special attention to the paragraph that is dealing with indicator settings as these are up to any ...
- Indrek replied Nov 4, 2017
Your result does not depend on the number of indicators. It depends on how you read the charts and indicators, and what decisions you make while managing your trades. rvanscho has showed us a way to enter the trades but everything else depends on ...
- Indrek replied Nov 4, 2017
Of course one. You have to attach it twice into the same window. But with the latest version we do not need two.
- Indrek replied Nov 4, 2017
I use ATR only for getting the number. As I said, I do not take a trade if last high/low is more than 3 * ATR. I have also used ATR for setting SL and TP for some systems. Usually it has been 3* ATR for SL and 4 * ATR for TP.
- Indrek replied Nov 4, 2017
I use ATR of one month on any timeframe. On M30 it is 1044, on H1 - 522. Short period like 14 is not representative. We cannot make any conclusions about the market based on information from last 14 or 7 hours.
- Indrek replied Nov 4, 2017
I hereby post the compiled (ex4) version of the indicator. I think it works for everyone.
- Indrek replied Nov 3, 2017
It is, in fact, a rule for most systems. As market moves in waves it is best to trade from tops and bottoms of waves not against them. So, better not to take a trade if last wave low /high is too far because then the entry is too late and probably ...
- Indrek replied Nov 3, 2017
Great job again! Beautiful settings with less trades that mostly give big result. But the same rule applies to these trades also - do not enter if last low/high is too far!
- Indrek replied Nov 2, 2017
Congratulations! It is the best system that has been posted in FF for very long time! Couple of improvement suggestions, though: 1. If using H4 chart for main trend, better take trades from M30. If wanting to trade H1 charts then main trend should ...
- Indrek replied Jan 5, 2016
I was speaking about all systems including trading clean charts that is my favourite. Entries may even stay same but trade management principles change all the time. That is why it is not relevant what results we get when backtesting 5 years with ...
- Indrek replied Jan 5, 2016
During my trading years I have not seen a system that works as it is more than 6 months in a row. After that market has changed so much that bigger adjustments are needed or even the system itself has to be quit. I remember cases from the past when ...
- Indrek replied Jan 3, 2016
What is your logic behind SL levels you used for backtest? How can SL on daily be 15 pip while on M30 it was 45? According to my experience, the best fix SL value is 3xATR. Which means that for EURUSD it would be 40-45 pip on M30, 55-60 pip on H1, ...
- Indrek replied Dec 27, 2015
I never used 10 pip SL. It is too small even for M5 timeframe. Every trade needs room. As I said before, I have never traded this particular system. But in general I would suggest to calculate SL and TP from ATR. You cannot use same numbers for all ...
- Indrek replied Dec 26, 2015
All that I can say from my own experience is that long term it is much more profitable to have fix target instead of trying to trail and catch big trends. All my backtests and forward tests and real trading has proved it, no matter what system I ...
- Indrek replied Dec 26, 2015
If your spread is 5 pips for all pairs then you need to change the broker ASAP. All decent brokers offer much better than that.
- Indrek replied Dec 25, 2015
Nobody is responsible for your trading and your result besides you. When someone posts a system then it is your task to estimate if it works for you, and to adjust it to your understanding. No obligation to trade blindly what someone else says or ...
- Indrek replied Dec 25, 2015
I have never traded this system but I think it is a logical way of trading. Result always depends very much on trade management. For example, at what point you set your trade to BE, or what SL and TP you use in certain market conditions. Entry is ...
- Indrek replied Dec 25, 2015
It is a non-trading season around year end. No sense to take risks when market is dead. When to trade and when not to trade is essential part of trading knowledge.