thanks for your template.. I do agree your way of method adopted.RplusT wrote:
Hi Sal,
well there is nothing special about it. I just use the TMAdGC to create a price channel. It is more a visual thing than anything else. I still trade price action. Having an alert or arrow on something that actually repaints i.e. the actual signal you may see when the move is long on the way makes no sense to me. It is much easier to trade retracements when the channel angle is steep. Also pretty safe this way to trade a few BO from those retracements. I just follow direction. I don't counter trade. I may also add on instead of closing the initial trade when the down/up turn builds a nice channel. I don't add to loosing trades though
In my settings I use high/low for the price. This is why you see two channels each. But the half length and deviation are the same.
As there are different names for the same indicator, i.e. here are my settings:
Inner channel: half length 15, price high/low/ distance 2.7
Outer Channel: half length 66, price high/low, distance 3.6
That's all there is. Happy Trading!
TMA-GC TPL.tpl
the same i use but.. i would like to know when your get started or take trade . could you show an examples... The steep is generated only once the trend change which can be easily identify as your strategy and mine.. .
my start point as i explain the template and rule. Could you please share your rule..
i am doing an experiemnet with new indies channel in demo.!!
Did you notice that the channel lines will moves when the trend goes too low or high!! ( about 3 bar back)
