Do not trade during NFP :)
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Do not trade during NFP :)
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Just the other situation based on my experience - real breakout/breakdown.
As we know - we are trading this system mainly from one pivot line to the other one (see big dotted lines on the chart) on the same time as "trading inside the channel" for example. But if the price is breaking those pivot lines so it is real breakout/breakdown, and it is related to the other kind of trading by this system.
See the example with GBPUSD M30 today:
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This is breakdown for EURUSD and breakout for USDCHF:
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This is the statement for BrainWashing EA from premium trading section - EA is profitable till now for USDCHF M15 for example. By the way - M15 timeframe is most difficult one to trade.
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Whoooooooouuuuuuuaaaaaaaah great !Quote:
Originally Posted by newdigital
I missed something here
I will spend time now to follow this thread ;)
jaguar1637
It looks like a Donchian channel system. isn't it ?
Quote:
Originally Posted by jaguar1637
Not. Donchian channel is one of the variation of Price Channel (indicator/system) by Igorad.
This system looks like commercial Braintrading but with new free indicators and fully recoded and improved.
Very good indicator no doubt. I prefer however to use it with other indicators for confirmation. Thanks a lot for sharing and keep up the good work
Hello!
Guys, this is a very interesting strategy.
Thank you very much for the information. However, could you write the rules, except for the points and arrows. For why the MA and, Stochastic.
Thank you!
Stochastic is working in overbought/oversold way (level in above 70 is confirmation for sell, for below 30 - confirmation for buy).
MA is using on two ways:
- MA is falling for sell trade confirmation; opposite for buy
and
- price is above MA is a confirmation for buy, opposite for sell.
But Stochastic and MA are used as optional filters. It means - we can use them or not.
More filters - less trades with less false signals.
Less filters = more trades with more false signals.
So, we can use Stochastic and MA ... or not - depends on the market (depends on how market is volatile for example).
