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Originally Posted by holyguy7
Mike,
I am interested in hearing your idea. I know that it seems like the two indicators that are there now don't help much, but if you have an idea of one that will help. Basically, I have noticed that the EA is kind of a counter trend EA so that is why EMA does not help (accually hinders it). Same it true with Stochastic.
However, There must be something out there that can help and if anyone does have any suggestions that will truly confirm the signal then that would be wonderful.
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Tell me if I am wrong here as well, but take a look at your chart after you are done testing the h1 settings, move it to M15 or lower tf to see where the order was places and how the orders have developed. Basically we need to have the mindset that we are looking for (context of long pos) a quick run up then a significant retracement followed by a return to the upward direction. These are the moves that PG capitalizes on. Think of why this doesn't work so well in higher TF. The price does not tend to have the same noise as in lower tf. When the price peaks up then retraces down it tends to remain down. The higher the TF the more inertia it has. Take a look at the charts.