Disliked{quote} Hi Chamane, Are you able to share the Strength meter you are using.? ThanksIgnored
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Disliked{quote} Hi Chamane, Are you able to share the Strength meter you are using.? ThanksIgnored
DislikedI have got SL with NZDJPY sell trade. No problem, but believe me or not - I had some doubts about this trade and other JPY pairs, it seemed like we had hidden bullish divergence on H1. {image}Ignored
DislikedThanks! Still following the thread, i think it should get more attention, but already happy with the increasing attention it gets lately I saw you (Chamane) entered on the cross of the MACD, so i attached an indicator that paints an arrow when the cross happens, so you don't need to zoom in and see if the line crossed the 0 level yet (sometimes i found it hard to spot exactly). And i had a question, could you explain us some more about how you manage your risk? Do you use a fixed % per trade, or do you use the ATR to calculate lot size?...Ignored
Disliked{quote} I prefer even smaller risk - 1% and never more than 2% per trade on live account. Except very small live accounts (about 100 -200 USD) for testing purposes, where it can be higher.Ignored
Disliked{quote} Hi Jube, thanks for the indicator, I will use it for sure. MACD has to get acros the zero line at the close of the price. I got caught a couple of times not respecting that criteria. But that's my personal way. I trade with the minumum lot size, wich is 0.01 for my account. When placing my stop loss at the last swing high/low, I calculate if the risk is not more than 5% of my capital. If it is, no trade. I then set my profit at a RR 1:1. When reaching half my risk in profit, I bring my stop loss to breakeven plus a few pips. If there is...Ignored
Disliked{quote} Thanks alot Chamane for the explaination Crystal clear! I see you are using the arrow already, nice! (I don't know why exactly but the arrow size and color don't change when i change the settings, maybe someone knows how to code that). And i had 3 questions: 1. What do you do when for example you went long on the 4H+D1 timeframe setup, but then a sell setup is forming on lets say the H1+H4 timeframe. Do you take the sell then? Or do you exit the long then? How do you do that, because sometimes im in a trade and see an opposing trade...Ignored