DislikedHello Phillip,
Just thinking more about your system and wondering if news affects your system at all? By looking at the 4hr charts, you cover a lot of time and times when some major news comes out. So on the days news comes out, would you stay out of trades? Increase or decrease your stoplosses and pip targets? Tomorrow the US interest rate statement comes out, so if there was a good trade setup happening tonight on one of the pairs would you want to take it or skip it and wait for the news tomorrow?
Thanks!
p.s. So far I have used your system for two demo trades and gotten 50 and 25pips. Currently have some other trades open waiting to see how they turn out. Also, testing it on the USD/JPY pair to see how that works. Looks good so far. If anyone else is testing other pairs, please post your findings!Ignored
As you can see in the samples that it seems that most of the time the MACD gives a positive signal before news comes out. And then I dont mean minutes before it. It will give it some time earlier. The big ones already knows before the news. I will set stoplosses at different levels to minimize the risk and yet to take advantage of the move should it go in my favour.
Inrerest rates and farm payrolls is always dicy and I prefer to close deals before that.