Attached is an Hourly chart of yesterday's trade comparing the entries generated by Igorad's "NewTrend" (excellent imho) and the RSI-14 with overlays as in my previous post.

Note the early indication that the direction is LONG when the 2 MVAs crossed.

Here is the BULL-market profile and notice that the RSI hit the O/B level @ 80%. Also, note the EXIT.

NewTrend gave an earlier EXIT.

The WHITE-line is a 25-EMA (close) based on Nina's strategy where he uses a 50-EMA on the 30-m chart. Note how the 25-EMA keeps you in when it matters most. (13th March 05:00 White candle) Since then it was LONG all the way.

Attached Images

rsi vs newtrend on hrly chart.gif (20.6 KB, 843 views)

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Hi
Where do you get this NewTrend Oscillator?

Right here, Fred.

Attached Files

NewTrend.mq4 (3.1 KB, 297 views)

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Thanks Valio.