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Been a fan of the thread from the start, great stuff. Now trading your original take on it...outstanding. The only addition is a Stochastic filter. Also, I take small bites (25 pips) then go fishing.
It's turned my trading - & my life style, around.
Owe you, man.
If you ever make it to the Whitewater country, BC, PM me & I,ll show you around.
Before I forget, yes the arrows move. If a new high/low is established, the arrow will move to the next PROBABLE reverse point. So backtesting is useless. Only forward testing applies & thats why I know it works.
Thank you for this system. Backtesting is a problem with most systems because even when you use something like a MA (every tick method) the MA will change as the last price change but with backtesting the MA value stays the same for the last bar. With the ZigZag indicator this problem is even worse. I wish the guys at metatrader can make the indicators change like it will change with live prices. Then we would even be able to backtest something like the zigzag.
Hi people, I need a little help here. Probably not the right place, but it's part of my trading, & I use 'Bouncy, bouncy' all the time.
I also use the attached indicator 'Stochastic Crossing' to trade short time, against the trend. Mainly when I'm bored!
Trouble is, it signals %K & %D crosses...makes me go cross eyed.
Is someone able to change it to signal only when %K crosses 76 & 24 coming or going?!
Thanks in advance Guys & Girls.
Been a fan of the thread from the start, great stuff. Now trading your original take on it...outstanding. The only addition is a Stochastic filter. Also, I take small bites (25 pips) then go fishing.
It's turned my trading - & my life style, around.
Owe you, man.
If you ever make it to the Whitewater country, BC, PM me & I,ll show you around.
Hi Guy,
I use 4hr TF.
My full system is this: Follow the 'Bigbear' & enter on a ZZ & Pointer confluence. Exit on a 'Bounce' or another confluence.
I also trade counter trend with Stochastics, 5,3,3.
If main trend is down, enter long when Stochastic %K turns up through 20. If main trend is up, enter short when Stochastic %K dips through 80.
Set your take profit at whatever...I set 18 pips, three for them, the rest for me.
I trade the European & Asian sessions, & run a spread betting account in the UK. It's tax free!
Take your money, & go fishing!
May the pips be with you.
__________________
It ain't the length of the trend, it's what you do with it!
Yes I trade this system live on the gbp/jpy. I average 1000 pips a month trading off the 4h chart. I have several post where I have posted my trades. I dont remember where exactly they are at but if you look im sure can find them.
Linear Mode
