I quite enjoy it, mostly with a bit of support and resistance lines myself…
Hi akatom2u
Is this strategy still working for you?
How’s everyone getting along with this method?
added this on my charts but not sure how you use the 50 to exit as its placement is in the middle?
Wow, necro much?? I await the OP’s reply.
The Ever Skeptical Of The Internet Of Things VIPER
I actually figured it out. Its so clear i don’t know how i didn’t see it sooner. When you set the RSI to Period 20 and set levels 45 (Entry), 50 (Exit), 55 (Entry), it literally will tell you when it would be best to take profit. Great Great additional indicator to add to this strategy. I’ve been pairing it with the ADX, only trading with momentum over 20 period and with these two confirmations you avoid almost all takeouts. Great great strategy. And even though i discovered it extremely late as i can tell…works like a champ still.
Thanks again for sharing the strategy.
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Thanks let me back test on 1H,but seems really simple and effective.