Re: Marco's Smashing Potatoes Trading System

102
No, you should not use the rsx slope change of color to enter or exit a trade.
You should also take in consideration that it shows possible reversals when it's against the trend, and the divergence is much much stronger when it's in the Overbought or Oversold territory (90 and 10). You should not take any trades only based on Divergence, please take in consideration all aspects of the system in place.
If you notice in the charts, when the Divergence (classic or hidden) is in the same direction of the 200 EMA is really powerfull.
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AlexBello
“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
Maya Angelou

Re: Marco's Smashing Potatoes Trading System

103
Hey guys, sorry for not posting as much as I prefer, but I would like to show you another example with Dow Jones this morning.

The advantage of using different Time Frames to help us decide when to enter a trade.
In the picture you can see:

All 3 charts when NY opened this morning show us as follows:
Price was bellow the 200 EMA (so we were in a downtrend)
Buy signal was given about 20 mins after the NY opened:
8 EMA turned blue
Super Trend histogram turned blue

When to exit the trade and cash it:
Remember that we were trading against the Trend, so all caution on deck
1. When price touched the Monthly pivot about 90 mins after NY opened
3. When 8 EMA turned red on 5 min charts

Medium and High impact news 15 and 30 mins after NY opened were extremely good to US Dollar, making price cross the 200 EMA to the upside.
PS. 4 hours after NY opened, we had divergence against us on 5 mins Time Frame, but was not relevant because it was not on Overbought territory.

Any questions i am available
Enjoy your weekend
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thomdel
“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
Maya Angelou

Re: Marco's Smashing Potatoes Trading System

105
You are welcome my friend, here are the settings of both RSX. If they don't show in your charts, I advise you to download the template again and copy the indicators to their folder.

Happy trading
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constbln, MaxTorque
“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
Maya Angelou


Re: Marco's Smashing Potatoes Trading System

106
Here are some of the most popular trading charts and their profiles if you want to use them.

The profiles have 3 Time Frames (5-15-30) but you can change them to whatever Time frame you wish according to your own trading style.

Happy trading
These users thanked the author Marco_Sousa for the post (total 5):
ChuChu Rocket, thomdel, constbln, MaxTorque, Sagiv
“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
Maya Angelou

Re: Marco's Smashing Potatoes Trading System

110
1- Decompress the profile you want to use (eur/usd) with Winrar software.
2- Copy the profile folder (eur/usd) to profiles folder in MT4 like I showed in a post earlier.
3- Restart MT4

Any doubts please don't hesitate to ask

Happy trading
“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
Maya Angelou


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