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Originally Posted by newdigital
Well.
It is most recent example.
USDJPY (see image).
Uptrend according to RSIFilter_v1 and RoundPriceNE_big_separate indicators.
It means that all sell signal should be ignored.
May we enter on case 1 (see image)?
No. Because of the following:
1. LabTrend3_v1 is located too close to the price. Flat.
2. This uptrend was started long time ago and it may be reversed soon. Because this system does not discover the trend or reversal in the beginning of the trend. Everything is coming late. So it is risky to entre on the case #1.
3. Other charts/pairs which we are not trading are not showing good clear signals. It means the price is moving mechanically just "occasionally".
May we enter on case 2 and 3?
1. Yes. Because it is uptrend according to all the indicators with all the confirmation.
2. Because other pairs started to move in the same time with USDJPY (about 10 or 10:05 at my MetaTrader's time).
3. Because we see the good signals from the other charts/pairs which we are not trading. I understand it as "planned" movement of the price.
We should open all 4 charts even if we are trading 1 chart only.
I am using SAR for enter, not to estimate the trend.
And I am using all the indicators not for the enter/confirmation only. I am using it all the time.
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Hi ND,
I have few question for you, would you please answer it if you dont mind..
1. You said to confirm the trend we have to look at RSIFilter_v1 and RoundPriceNE_big_separate indicators, i know that RSIFilter if it shows orange above means up treand and blue on the bottom means down trend. but i don't know how to confirm the trend with RoundPriceNE_big_spearate indicator, is it when this indicator goes up means uptrend or is that the KGSP has to be above the RoundPriceNE_big_separate indicator and both of them goes up means up trend?which one the way to confirm the trend with RoundPriceNE_big_separate indicator?
2. What is LabTrend3 use for?i don't understand how this indicator works on the system, because u said on the example on case 1 u dont enter the market becase the labtrend is close to the price and it was flat.
3. If ASCTrend is appear on the chart, then most of the indicator support the direction of the arrow but not all of them. Can we still enter the market if later 1 indicator follow the confirmation. For instance, the ASCTrend shows signal for buy, then the trend is confirm for up, then Parabolic SAR, ATRStops_v1 is confirm for buy but and then the NRTR hasn't confirm but later on this indicator confirm after 2 or 3 bars after the ASCTrend signal, can we still enter the market?
4. What time you trade mostly on the market?
Because, i follow the rules that u wrote but i end up with a big lose pips..i don't know what mistake that i did, or maybe i still don't understand the rules for ASCTrend system.
Thanks ND