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This ABHAFX System don't work with a long, strong downtrend.
Look at the 3 pictures
First Buy was at the lower green regression line at the time of entry.
The dashed red line = profit target line
Everyone can see the first buy entry, second buy entry and third buy entry !
Usdcad at the bottom, considering fourth buy entry...
I think many eyes will go open now and the conclusion is that this system is not suitable for currency pairs with a strong trend like the usdcad (see history).
Sooner or later you will have such a trade in your track record and will pull your account down. So put allways a stoploss (300pips) for protecting your trading capital.
This ABHAFX System don't work with a long, strong downtrend.
Look at the 3 pictures
First Buy was at the lower green regression line at the time of entry.
The dashed red line = profit target line
Everyone can see the first buy entry, second buy entry and third buy entry !
Usdcad at the bottom, considering fourth buy entry...
I think many eyes will go open now and the conclusion is that this system is not suitable for currency pairs with a strong trend like the usdcad (see history).
Sooner or later you will have such a trade in your track record and will pull your account down. So put allways a stoploss (300pips) for protecting your trading capital.
CfdTrader
Hey i got in long for USD/CAD as well but right at the bottom at 1.0900.Price is 75 pips under my initial entry but it shld go up...Seen this before .Next week lots of currency's sh ld be turning
Many traders said " repainting or not is no matter !"
So can you tell me how to use repainting indicator ?
Thanks
Few links about it.
- Why we need indicators which are painting the past? Read this post and this one. How to trade "painting-the-past" indicators: live trading example with SHI_SilverTrendsig (trades and images): since page #2 till page #4.
- re-painting indicators: evaluation and fixing thread.
- SnapShotI indicator: this indicator makes screen shots of active chart at regular intervals. By default, one tick after beginning of a new bar. Some evaluation of some indicators using SnapShotI indicator is on this post.