#5 Slope Directional Line ++

pls I am looking for a comprehensive definition of directional line.

This system works well in a trending market, but will kill you in a ranging market. I suggest to establish the trend better first, just looking at short SDL and BB will not do this!. I myself have build custom MACD indicator that determines the trend by looking at long MACD (EMAs like 200,300...) histogram slope. This works fairly well and I like to use it in almost all of my systems.

Best Regards,

Jani

Hey Manus,

thanks for your strategy!
Do you have a picture where you put in what the different Channel types are?(like Diviation and so on).
I explained it to myself, but it would be helpfull to SEE it...
Also a stochastic iscillator is helpfull i found out..

Ghaz

Hi Ahmad,

The Bands theory is good. With it you can test different set of rules and indicators.
I haven't tested the system in live trading to provide any additional feedback. I'm very sorry, some systems have to be tested by other traders, because these days I'm not longer able to keep up with all of the strategies posted (the volume is too big for one man).

Kind regards,
Edward

Hi Edward , I am new over here
i found ur site amazing really
I would really appreciate if u can comment
on Manus186 strategy please

sincerely

Ahmad

Hi,
the quickest way to find out is to run it on 1 minute time frame.

Kind regards,
Edward

does it repaint?????

Hello Barret;

Please feel free to try in lower Timeframe (& tweak the parameter Indicators settings too), but Imho this strategy is preferred for Daily Timeframe.

Regards;

Manus168

Hi Barret,

Manus168 says above DON'T :) use any smaller time frames!
But, let's assume you want to run some tests, then you can probably add one more time frame, I'd use 1 hour or 30 min, where you'll be looking to catch a perfect entry time. Leave daily time frame to suggest main trend.

Rich

Hi Manus168,

Can this be used for intraday trading, say on 15 min t/f?

- Barrett

thank you