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    Silver Member Array bamik's Avatar
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    What is the Best Indicator & System for Entering with Min DD

    Hello
    I have a question.What is the Best Indicator & System for Entering with Min DD?(Draw Down)
    What do you think?
    Please share your idea or indicator or also system.
    Regards

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  3. #2
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    Re: What is the Best Indicator & System for Entering with Min DD

    Quote Originally Posted by bamik
    Hello
    I have a question.What is the Best Indicator & System for Entering with Min DD?(Draw Down)
    What do you think?
    Please share your idea or indicator or also system.
    Regards
    bamik,if you want some simple yet profitable system with minimum indicators than try to play with 2 or 3 moving averages with different settings.As to minimum draw down -to accomplish this you have to look and babysits your trades more often during the day.

  4. #3
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    Quote Originally Posted by bamik View Post
    Hello
    I have a question.What is the Best Indicator & System for Entering with Min DD?(Draw Down)
    What do you think?
    Please share your idea or indicator or also system.
    Regards
    ****************
    Everyone dreams of straight-line-to-the-north equity curves with little or no drawdowns but its just not a reality of trading. The good news is that it does'nt need to be a reality in order to be a successful trader. I've seen studies from reputable sources that show that most successful traders spend in the neighborhood of 75% of their time in some form of drawdown from an equity peak. So you are only looking at feeling good about your equity curve somewhere around 25% of the time. But do you want to make money or feel good? Making money as a trader involves becoming comfortable with being uncomfortable. Probably not what most of us want to hear, but the sooner we come to grips with this fact, the sooner we can move towards consistent profitablity as traders. To really drive this point home I recommend Michael Covels book "TrendFollowing". It's very enlightening and sobering to see how guys who have been making staggering sums of money for many years now regularly find themselves with drawdowns in the 30% to 40% range. It's the ability to stomach these occurences and still maintain the discipline to execute their systems flawlessly that lead to them inevitably finding their way to new equity highs. It's always best to embrace realities instead of chasing pipe-dreams.

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    Thanks for the advice Tmalone. I will seriously take your advice and check out. Michaels Covels book.

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    if we mention that 95% fails in the long run i think you must have an system that predicts high and lows.

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    if we mention that 95% fails in the long run i think you must have an system that predicts high and lows.
    no that is defeintely the wrong approach. trends are more often continuing than ending.

    look on ema 21 on 5 15 and 30 min, most pairs turn to bigger trends when breaking ema 21 on 30 min. trade there or at pullbacks with the trend.

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    Quote Originally Posted by bamik View Post
    Hello
    I have a question.What is the Best Indicator & System for Entering with Min DD?(Draw Down)
    What do you think?
    Please share your idea or indicator or also system.
    Regards
    Try Paul Dean RSI Pro System.

  10. #8
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    Quote Originally Posted by KelvinHand View Post
    Try Paul Dean RSI Pro System.
    please share.

  11. #9
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    Quote Originally Posted by ramliam View Post
    please share.
    Already in this forum, help yourself

  12. #10
    Platinum Member Array Marchello's Avatar
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    rsipaintpro.rar

    hXXp://[email protected]/?e3o5c3zv9dp95o0

    Plus video part 1 and 2

    hXXp://hotfile[dot]com/dl/104215659/64c3a7f/rsi-fundamentals-beginning-to-advanced.part1.rar.html

    htXXp://hotfile[dot]com/dl/104215348/74163a0/rsi-fundamentals-beginning-to-advanced.part2.rar.html

    Good trading wishes

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