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I have a question. I like to try to trade your system on Euro but using min chart 3, 12, 24 min. Would you make any changes to settings on Force Index and ADX?
Currently I'm using
Force Index EMA Fast 13 and EMA Slow 13 calculate on bar close
ADX 5
5 EMA
20 EMA
Thank you
TickVix/Gregory
Can you help answer these questions from other members on NexusFi?
Perry
I was wondering if you ever exit a trade before it meets a stop or target?
ie.Entering a trade that then goes into a small trading range (chop)
Have had a couple that after entering died and stayed in a small range.
Ended up getting stopped and felt that it would have been better to have exited earlier.
Absolutely. If you see that the trade is not taking off in your direction after a few bars, get out even at a small loss. There are other trades up the line. Normally a good entry, will see your trade go in the right direction almost immediately.
I am not sure from the chart, was your FIRST trade a LONG entry. If so, the entry is incorrect as it is not according to the rules, even though it seems to have turned out to be a good trade.