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Q: I have set up an Alert Buy/Sell arrow system that appear live on my screen. To enter 1 lot (Buy or Sell) at the open of the day and from there on a reversal based on the signals generated.... and at the close of the day about 3:45 PM EST go flat. In checking the trade detail....... well I failed, There were some results that had as many as 70 trades...........oppps that's a goof. Howard can you give me some guidance here?
Also, but not shown on the attached chart, I can improve trading results by watching the Stochastic (as per your article on trading the 4X using the Stochastic) to exit a long trade on the %K downturn and exit a short trade on the %K upturn. The Ergodic gets me in earlier then any other indicator (I know the ERG is not one of your favorites) but I yet have to find an indicator that gets me in earlier.....long or short. A: 
You will need an Alert object that controls when to trade.
A 2nd alert exits any position at the end of the day.
A 3rd alert initiates Longs
A 4th alert initiates Shorts.
The 4 alerts I used for this system are shown here.
This system can be downloaded as a template.
Template: 1629-ErgodicSystem
Last modified 1/15/08 6:53 PM |
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