hello..I have been testing it for a while and found that when attaching the "LCSignal_wAlert" indicator the mini arrow that appears is an excellent indicator but I also avoid trades where the indicator appears and the RSI is above 20 for a buy and below -20 for a sell.. I have found that when this happens the markets tend to range for a long while or reverse shortly after..not all the time it must be said, and its true I have missed a few trading opportunities by using this slight alteration..but backtesting on the previous month alone.. I have found that in hindsight its better to avoid situations like this..any thoughts?
So far its the only discrepency that I have found with this otherwise excellent strategy..
Lindencourt FX System - 5 months without lose
in Trading Systems and Strategies
Posted
hello..I have been testing it for a while and found that when attaching the "LCSignal_wAlert" indicator the mini arrow that appears is an excellent indicator but I also avoid trades where the indicator appears and the RSI is above 20 for a buy and below -20 for a sell.. I have found that when this happens the markets tend to range for a long while or reverse shortly after..not all the time it must be said, and its true I have missed a few trading opportunities by using this slight alteration..but backtesting on the previous month alone.. I have found that in hindsight its better to avoid situations like this..any thoughts?
So far its the only discrepency that I have found with this otherwise excellent strategy..