#5 Slope Directional Line ++
Submitted by Edward Revy on October 26, 2008 - 11:39.
A new strategy from Manus168. Happy trading!
Hi;
I want to share some strategies for Custom Indicators MT4.
The Setup:
Only use Timeframes: DAILY Charts ONLY! (Please Don't use on a smaller Timeframe such as H4, H1, m30, m15,...etc)
Currencies: Any (but preferred is EUR/USD).
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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
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
pls I am looking for a comprehensive definition of directional line.
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