Other than a mass of tangled rainbow, nothing
come on look more closely especially the dotted red line, dotted yellow line
dotted red going up , dotted yellow comming down
Is this PipPunisher masquerading as SDC?
And I don’t see that except in a few spots. I most see red rising and yellow rising.
Looks like a new party game!
Screw Beer Pong, I wanna play Drunken Spirograph too!
I’m not pickin’ up what you’re putting down here.
Not to say it doesn’t have merit, it just looks… Complicated…
i mean when they cross the upper and lower MA’s
did you see it yet ? ok imagine your trading and you put in buy order every time the dotted red crosses upwards over the lowest MA and you put in a sell order every time yellow dotted one crosses down over highest MA and opposite orders close each other out
You have now piqued my interest.
its a new system i came up with it doesnt use anything but moving averages and i believe it beats bollinger bands hands down because this is the tightest entry and exit point system your ever gonna see those dotted lines are the actual price action, bid and ask so the price you see when it crosses is the price you get if you ever scalped using indicators and got burned by lousy entry and exits you’ll see where im comming from with this
Edit: I said that wrong, the solid red and yellow lines are the actual price you get the dotted ones are highest and lowest
in other words dotted red is lowest bid, u take the entry price of the solid yellow (solid yellow is the actual ask price)]
dotted yellow is highest ask, u take entry price for the sell at the solid red which is the actual bid price)
But what is your exit signal?
ALOT of those crosses go up and then come right down to where they started. And if you buy at the ask (the lower) and sell that at the bid (the higher), aren’t you losing?
Maybe I am backwards?
sorry …read my edit on my last post, even though dotted yellow is highest ask, when it crosses down over the highest MA it is the entry indicator to take the sell at the bid price shown by the solid red, directly below it, and the dotted red which is the lowest bid, when it crosses upwards over the lowest MA it is the entry indicator to take the ask directly above it im going to write an EA based on this this afternoon.
and like this
Okay. But take that first yellow line. When I sell, I get the bid price (the lower line). And then when I buy it back, I pay the ask ( the higher line).
That is a loss.
In fact, that is true of all those lines.
no when you open the sell based on the dotted yellow line coming down you get the price exactly as i marked it, the solid red line is the actual bid price at that moment. and when the dotted red line comes up it closes out the sell order at the exact price where i marked the begining of the next buy order … the solid yellow line is actual ask price at that moment
NO I AM NOT!! :mad:
thats how it should work anyway im going to run an EA on it later and see if it does or not
Are you going to share the template?
hmmmm i might lol … tell me what is the spread is on your pair you want to test it on ? I have to adjust the template for the correct bid/ask spread