Let us redraw this all over.
Our goal is to protect profit and do not let losses run.
We will test the following model from now on.
Entries: when the four indicators line up in one direction on the basis of candle close (usually SAR will signal first, then MAs, adx, rsi)
Take profit: 10 pips trailing stop.
Stop loss: when SAR give an opposite signal. This, to limit losses, and allow us to re-enter later if it turned back. (we won't depend on RSI cause sometimes it bounces a lot around 50 area)
I know this model, we can get many whipsaws in a non trending market, but I have to test it for a week at least on all conditions with same rules, and following every signal to know the net P/L.
Last edited by topchess; 12-11-2006 at 08:12 PM.
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