Thanks Josi for your feedback..... Now let me add a few ounces of bitter truth for the person who asked for advice..... No system works perfect all the time.... look again at the RSI crosses... The first four trades might have been losers or at best breakeven. The person having taken them would be very reluctant to take the next next signal. He might even be thinking about discarding those RSIs all together... He would be doubtful and mistrusting his judgment. Let's say he takes the next trade too. But by now his frustration has so overwhelmed him that he moves his SL to BE, or takes premature profit and misses the big run.... Psychology has interfered to ruin his trading and caused him to miss what now became the best two opportunities to score big..... keep this lesson in mind and trade well.... Hope it helps Kareem115josi wrote: Mon Feb 14, 2022 5:37 pm Thanks for the idea (so this is your old setup without the CCI-histo)
I tried it immediately and it works well (albeit with late signals sometimes)
But - of course - you don't necessarily use the cross at all times: you could use the slower one as bias indicator and the fast one as entry & exit (only in the direction of bias, of course).
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Re: Trading Pullbacks System
Mustafa, Mon Feb 14, 2022 5:51 pm