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I just updated the indicator again. Attach it to your chart and let me know your thoughts.
TimeFreedom
I have noticed last night during the Asian session that the arrow does not appear until the succeeding candle is almost complete which is typically what one does in any signal alerts. It seems there is a lot of potential in this alert, will see again tonight in start of new session.
I still do not understand what the criteria is [see chart for GBPUSD below], the candles closed below, but RSI above, I guess that is the key.
Stevenali,
To trade above the floating pivot, must RSI be above 50, and vice versa? Though RSI is below 50 where indicated for the short, I guess its one of those trades which needs filtering somehow.
Last edited by et_phonehome_2; 09-27-2007 at 11:49 AM.
You didn't get a short signal on the GBPUSD chart on the new day because you already had a short signal from previous day. I entered a short on the new day and then a long after the long signal.
P.S. I don't use the RSI indicator at all to trade this system.
TimeFreedom
Quote:
Originally Posted by et_phonehome_2
I have noticed last night during the Asian session that the arrow does not appear until the succeeding candle is almost complete which is typically what one does in any signal alerts. It seems there is a lot of potential in this alert, will see again tonight in start of new session.
I still do not understand what the criteria is [see chart for GBPUSD below], the candles closed below, but RSI above, I guess that is the key.
Stevenali,
To trade above the floating pivot, must RSI be above 50, and vice versa? Though RSI is below 50 where indicated for the short, I guess its one of those trades which needs filtering somehow.
__________________
"Believe none of what you hear and half of what you see."
Last edited by TimeFreedom; 09-27-2007 at 01:05 PM.
You didn't get a short signal on the GBPUSD chart on the new day because you already had a short signal from previous day. I entered a short on the new day and then a long after the long signal.
P.S. I don't use the RSI indicator at all to trade this system.
TimeFreedom
TimeFreedom
Though the short occurred the prior day, I would've expected a short for the current day, but like you said, you just added in the arrows as an alert without determining what the code is doing.
Nice work for alert, makes it easier to decide....
ET
Last edited by et_phonehome_2; 09-27-2007 at 02:15 PM.
Though the short occurred the prior day, I would've expected a short for the current day, but like you said, you just added in the arrows as an alert without determining what the code is doing.
ET
Would you please post the latest template and indicators that Stevenali has used on this system?
Linear Mode
