The rules aren't any different than Tony's rules, except for the addition of the 12 Hi/Low EMAs, PSAR (with a setting of .03), AO, and ADX (with a setting of 2).
For going long: Close of last bar is above the 12 Hi EMA, price > PSAR, AO of 1 hour ago is > AO of 2 hours ago, and ADX of 1 hour ago is > ADX of 2 hours ago.
For going short: Close of last bar is below the 12 Low EMA, price < PSAR, AO of 1 hour ago is < AO of 2 hours ago, and ADX of 1 hour ago is > ADX of 2 hours ago.
In other news, my EA made 3 losing trades that wiped out all my gains...so perhaps this isn't my holy grail after all. I have it set to make only one trade per day now (...greed is the downfall of this trading method!).
Optimal trading time for that one trade appears to be from 9:00 am to 3:00 pm EST.
For going long: Close of last bar is above the 12 Hi EMA, price > PSAR, AO of 1 hour ago is > AO of 2 hours ago, and ADX of 1 hour ago is > ADX of 2 hours ago.
For going short: Close of last bar is below the 12 Low EMA, price < PSAR, AO of 1 hour ago is < AO of 2 hours ago, and ADX of 1 hour ago is > ADX of 2 hours ago.
In other news, my EA made 3 losing trades that wiped out all my gains...so perhaps this isn't my holy grail after all. I have it set to make only one trade per day now (...greed is the downfall of this trading method!).
Optimal trading time for that one trade appears to be from 9:00 am to 3:00 pm EST.