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MA Slope new trading system
Here is a new Visual Trading system that I have been developing and testing for a while. It is based upon trading only during large movement and filters out choppy trades and flat conditions. It would be nice to have this on Meta Trader 4.
The slope is adjusted to filter out bad trades (current default is 30 degrees). Buying is only above 30 and selling is only below -30 degrees. Exit is made when it reverses these lines. Additional filtering is done with the ADX if needed. If ADX is set to 10 only values above 10 will be used for entry along with the slopes. It works in 5 min to 4 hour charts by changing parameters. These settings are optimized for 10 min charts. Information on this system is available at http://forum.vtsystems.com/viewtopic.php?t=3054 |
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