Quote:
Originally Posted by padman
Decided NOT to go live and try a few more pairs. Took my first trade hit SL
See screen shot - price had been bouncing off support so I set a order just below and a stop on the first entry arrow.
Right onto the next one  |
Hi Padman
Thanks for your interest.
When I first put EgStrat on the net I was hoping that several of us could work together on its development.
However, in spite of over 150 downloads not one person has taken up my request.
As you can imagine things have developed as I have continued to experiment with various pairs, indicator-settings and time frames.
I now find that the 30M TF on EURUSD and GBPUSD using a modified template is having better success.
In regard to the pair and TF you were trading consider these points.
1. As you observed, the support was strong just 25 pips below your short entry.
A target of 20 pips would have been advisable as the price would quite probably bounce again.
2. Using the latest template would show that all three indicators were in an uptrend where the old one shows down.
PM me for the 30M template if you would like to try it out.
It is not carved in stone.
It is an ongoing development.
I would be happy for you to be a part of it.
Again, welcome.
Egwig
