mntiwana wrote: Tue May 23, 2017 4:47 pm
In a live market you will notice (1) the band breaking out the Tma lines wait for PTL Alert once alert arrow appears (2) ensure the candle is not forming inside the TMA Band,if it does it should be half in and half out.
(3) you can take the trade on the still open candle or 57-58 sec to candle close which will give you 0:0sec on new candle/ open bar.
I generally do not open more than 3 charts.
I use settings 9:7 or 11:5 mostly.
During new York/European session I favor Nzd to pair currencies from non eroupean currency or USD.
During Asian session I pair USD with non Asian currencies
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I am trying to pick exact - let us go step by step - for not to mix up things for to avoid confusing
3 charts for what - and of which time frames - which one chart is - as for your final decision
9:7 or 11:5 of what
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Hi mntiwana
(1) 3Charts: i do not open more than three currencies pairs on MT4 because multiple signals at the same time tend to be confusing and hard to manage leading to indecision as to what trade to take.
(2) Time frames to take: i usually favor 1M chart for 5M expiry time but if the market is extremely noisy i use 5M chart with 25M-39M expiry
(3) which one chart is - as for your final decision 9:7 or 11:5 of what:: Those are recommended settings for TPL indicator both are conservative as you get less signals compared to extreme mode 5:5 with ligurere set to 0.1
Hope this helps