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Can you put the option of close trade (in profit or loss) when indicator pricechannel stop change of color?
Stay well
Fast_cris
The problem with using the Price channel is that in order to confirm the signal you give back a significant amount of profit. If you don't confirm the signal then you will close the trades out too early. I am sure there is an alternative to trailing and signal reversing exits, but I think Kalenzo is right with his recommendation not to use the pChannel. Take a look at the picture and tell me if you saw this as well.
The problem with using the Price channel is that in order to confirm the signal you give back a significant amount of profit. If you don't confirm the signal then you will close the trades out too early. I am sure there is an alternative to trailing and signal reversing exits, but I think Kalenzo is right with his recommendation not to use the pChannel. Take a look at the picture and tell me if you saw this as well.
Thanks My friend,
Maybe you are right... what i think is the losses will be smal and the profit when came will be big. But i have to test this first.
Maybe if i use pricechannel stop +5 pips stop loss... what you think?
Maybe you are right... what i think is the losses will be smal and the profit when came will be big. But i have to test this first.
Maybe if i use pricechannel stop +5 pips stop loss... what you think?
Fast_cris
I really don't think that this system needs a stoploss. The reversing market criteria seems to to a good job at managing that. Taking profit with a TS is nice too. The thing that needs the most improvement is getting better entries.
Linear Mode
