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Originally Posted by ericbach
Okay, I just figured it out! 
For the indicator XPMA, the "step_period" setting default value is 4 and should be changed to 1. Now the red/yellow/blue trend change location matches up with xpma_v3satl location.
Regards,
Eric |
Hi Ericbach and everybody,
Ericbach:Glad to hear you found the problem..SATL is responsive and consistent so,you do not need to filter additionally with steps..
Everybody:there were several new signals,on 1M Tf ,one tonight and 2 during this morning,around 08:23 to 09:10 GMT..depending on which you took ,you should be long Gbpusd at around 1.9595/1.9600..I took the first "european morning" @1.9600,only half my usual position since Chand was more than 50 pips away,exited at 1.9657(once we passed the resistance2..so I did a 50pips TP(with an extra..
)..personal reasons why I took this TP are:first that we started this "uptrend" the past Monday,and these kind of 4H uptrends tend to trend for approx 1 week(from 3/4 days to 3 weeks..but the most frequent period is approx one week),second:today is Martin Luther king day,so,we will have the usual noisy volatility related to very light trading-theoretically
-in the European afternoon..and third that my SimbaConMan indicator,applied as an analysis tool in the 1h tf,tells me that,for the moment,this run can be temporarily over..see pics.
It is very probable that we can have additional signals today,on the 1M tf,but for the reasons explained before,I think it is more prudent to avoid taking them,and stick to the 5M tf..also take care if you see that the price goes near or below the BLUE SATL..I have seen many Monday to Friday/Monday,or Tuesday to Friday/Tuesday 4h trends,so,on the back of my mind there is the possibility of a reversal today or tomorrow..which we will trade only if confirmed by either the SATL,or the Chandelier alternative strategy that KptMisiu is trying as per previous posts.
Theories,feelings,hunches are good,as long as you do not trade on them and keep trading the hard signals...
Regards
Simba