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AllAbsoluteStrengthTrend

This is a discussion on AllAbsoluteStrengthTrend within the Trading tools forums, part of the Trading Forum category; This my chart, TF set to 240 on 5min chart....

          
   
  1. #21
    Senior Member matfx's Avatar
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    This my chart, TF set to 240 on 5min chart.

    AllAbsoluteStrengthTrend-eurjpym5.jpg
    Last edited by matfx; 10-08-2013 at 04:57 PM.

  2. #22
    Administrator newdigital's Avatar
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    AllAbsoluteStrengthTrend-eurusd-h4-alpari-nz-limited.png



    I opened the 3rd trade for USDCAD ... and this is my thinking about this possible trading system (price crossing pivot line) :

    1. Price crossing pivot (with confirmation of AllAbsoluteStrengthTrend_v1 indicator by color) - it is good signal to enter.

    2. Stop loss may be placed near pivot line - example :

    AllAbsoluteStrengthTrend-audusd-h4-alpari-nz-limited.png


    AllAbsoluteStrengthTrend-usdcad-h4-alpari-nz-limited-2.png



    3. But it is some problem with exit :


    AllAbsoluteStrengthTrend-gbpjpy-h4-alpari-nz-limited.png



    I mean - exit on S1 or R1 is good one but the price is not always going to far from pivot so it may be necessary for future possible EA to use standard take profit value for example.

    4. One more additional indicator may be good to help with exit.
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  3. #23
    Administrator newdigital's Avatar
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    this is updated situation: +77 pips by equity

    AllAbsoluteStrengthTrend-77pips.png
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  4. #24
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    Hi Newdigital,

    I find that with most of your trading, your stops are much higher than targets. In the long run due to this risk to reward ratio, does it hurt the performance as it takes many winners to make up 1 loss? thanks

  5. #25
    Administrator newdigital's Avatar
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    This is because I entered too late. Basicly - we should open the trade when the price is crossing pivot line on close bar (confirmed with color). It means - stop loss (which is placed near pivot line) should be small.

    Example :

    AllAbsoluteStrengthTrend-usdcad-h4-alpari-nz-limited.png


    I am just experimenting because there is some problem with exit with this possible system (means - i do not know where to exit)
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  6. #26
    Administrator newdigital's Avatar
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    There is some other way (scalping) about how to trade pivot (according to this article) but I did not try scalping with pivot sorry.

    ================


    GBPJPY trade was closed in profit. There are 2 trades open now: AUDUSD and USDCAD. This is the situation with USDCAD :

    AllAbsoluteStrengthTrend-usdcad-h4-alpari-nz-limited.png
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  7. #27
    Administrator newdigital's Avatar
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    This is updated situation for AUDUSD - as we see - I entered too late - I should enter in September for example as we see from the image :

    AllAbsoluteStrengthTrend-audusd-h4-alpari-nz-limited.png
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  8. #28
    Administrator newdigital's Avatar
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    Trade for AUDUSD was closed in profit

    AllAbsoluteStrengthTrend-audusd-h4-alpari-nz-limited.png
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  9. #29
    Administrator newdigital's Avatar
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    This is updated statement :

    AllAbsoluteStrengthTrend-1110_mtstatement.gif
    Attached Files Attached Files
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  10. #30
    Administrator newdigital's Avatar
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    This is updated situation for USDCHF (17 pips):

    AllAbsoluteStrengthTrend-usdchf-h4-alpari-nz-limited.png


    and this is for USDCAD (50 pips):

    AllAbsoluteStrengthTrend-usdcad-h4-alpari-nz-limited.png


    ===============

    Indicators and template to download - read this page.
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