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Re: G-Channel Trend Trading System for all timeframes

Mustafa, Mon Oct 10, 2022 3:29 am

josi wrote: Sun Oct 09, 2022 10:18 pm Don't take this the wrong way - just a suggestion:
"the answer is" - not only - RSI but any reliable indicator. Why?
Because it is not about the indicator, at all, but about higher TF (i. e. the directional bias of your choice).
I put the system on 1Minute chart and asked myself if I can use the signal generated without changing the timeframe of my chart. The answer that came to my mind is: Yes! May be I am biased since it is my system. But let's break it down. I see a second dot which forms after the big Square dot, The dot forms under the avg. of the G Channel. It is confirmed by divergence on the RSI. I wait further till the candles change color. Now since Semafor and the Channel indicate the current trend is down, I place the trade and let it run till it makes me a decent reward. I close the trade. So I establish that when the following things occur in confluence, I can confidently place a trade which would have a high winning probability with enough confirmations. I wouldn't get many trades a day but the ones I get meeting all these conditions are good trades irrespective of whether they are winners or losers. The dot repaints but with RSI it becomes more predictable to know when a dot is going to stay... I hope the system has got enough checks and criteria to filter out some really good signals out of the chaos. It is these few signals which really count. One just has to be patient and observant. It is independent of Multi timeframe analysis...
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