rogeryrogery wrote: Tue May 03, 2022 7:07 pm
Hello,
Thanks for this beautiful system - I got couple of question and I don't think It's been answered in thread.
I tried template loading on soft4x back testing but It didn't load properly - I think only way is to forward test not back test, As volatility stays at LOW, Major trend direction indicator don't show at all.
My question is : When you trade 28 pairs on 4H / Daily, Do you manually look of enery and obeserve if you see something which give you signal later on? I don't think we can set alert unless open all trading pairs and turn on notification? Thanks
Secondly, ADR or any other key level can be use as TP but for SL, What is best option you found during your testing? Swing point or Fractel or any other ?
Thank you very much.
several indicators on this template are based on HTF data, during your soft4fx backtest you dont have that data so indicators dont work.
for the Daily timeframe: I check every night about 15-10minutes before the Daily close if a signal might occure or has occured.
for the 4Hour timeframe: I check every 4Hour if a signal might occure or has occured
So yes, I manually check the Pairs for signals, as I am trading fulltime I anyways have nothing better to do
You could reduce the amount of historic bars allowed on MT4 and delete a few indicators just to have the most necessary, this should enable you to have all Pairs on the Chart with Alerts activated, once a valid signal appears... change for that pair the template to the original one and see if the Trade is valid.
Just a thought.
I generally put my SL above/below Entry Candle or max above/below 1-2 prev. Candes before the Entry.
I dont think there is a best option and depends more about how you trade/want to trade.
Wider SL = less RR higher WR
small SL = higher RR lower WR3
hope this helped.
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew