Thread: GBPJPY sniper
View Single Post
  #25 (permalink)  
Old 03-07-2008, 12:35 AM
Biniam Biniam is offline
Junior Member
 
Join Date: Mar 2008
Posts: 12
Biniam is on a distinguished road
Post 5 question

goodboy, I want to thank you again for developing this system. I want to understand your post 5 better. Are you saying that we should wait for a second bar in MACD after the cross to confirm the direction of the trend?

If I may recap your system:
Long Entry: 1. White line cross the red line from down to up, 2. MACD histo is above zero line for at least 2 bars, and 3. AO is green for three bars.

Short Entry: 1. White line cross the red line from up to down, 2. MACD histo is below zero line for at least 2 bars, and 3. AO is green for three bars.

Exit is dependent on VQ signal plus observation.

Please correct me where I have it wrong.

Thanks,
Biniam
Reply With Quote