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I am actually having much more success with a new indicator that I am developing. I trade on the candlestick changes color. Blue candle long trade and exit on red dot, Red candle short trade, and exit on the blue dot. I have a current chart for GBPUSD below. The downside from last week turned...

The eurusd pair has broken the long trend line on the Hourly chart to the downside and I expect it to continue at least until 1.1550 in the near term then perhaps a break at this level or a bounce. Good for an intraday trade, or for watching the next few days. I would only go long after 1.1598...

That's a good idea and a MACD filter also, the fast ema crossing the slow ema, with the histogram above or below the zero line. Combined, this might give a signal with fewer errors. I would also like to get a rsioma indicator that has an input for shift, with arrows, and alerts.

Your suggestion is quite good and I am looking into it with interest. I believe it will require some sort of a filter and am working on that. As far a simplicity goes, your exactly right-- the simpler the system the more market participants will be on board and the price movements will be...

That is exactly what I was looking for! It will save a lot of time not having to go through all the steps with meta trader doing it the difficult way. Thank you very much.

Hello, I am working on what could be a profitable trading system. I have a couple of issues however with the RSI recalculating. Perhaps there is a way to improve this system so that the signals are more reliable. Chart set up: RSI 8 Moving Average on the RSI (first indicator's data) of 21...

Hello, Does anyone have a script to close say 25% or 50% of a position. This would be really helpful. Thanks

USDCAD more downside below 1.2887 if key reistance broken. Hourly chart also looks down-- [Edited by moderator]

Forex safety is trimming losses. When you have this skill you will be safe.