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The only way that you can use signals like that is if they are given at the close of the bar. If the indicator gives a signal before close of bar, you can't trust it, 'cuz you don't know where price will be at the close of the bar.
Given that, if you take all of your signals at bar close, most of those are losing positions. That doesn't mean that you have a negative expectancy system, although most "systems" like this do, it just means that it probably isn't as good as you orgianally thought. See the pic I've attached. The red line indicates losing trades. The green line indicates winning trades.
One more thing to add... If those signals are based off of the close of the Previous bar, and you get the signals at the Open of the singal bar, then you may have something good. Again, though, most don't work that way.
Keris
Last edited by keris2112; 03-06-2006 at 05:43 PM.
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