ST Da,
I am trying to exactly do that .
Hourly charts, 5/13 EMA and the Stoch.
Entries and Exits same as that of Pride's method, start with minimum 2 lots [or to say 2X the lot size].
Exit 1 lot [2X/2 lot size] on a Stoch crossover in the Overbought/Overshold zone and hold the other lot with a tight-trailing-SL.
Re-enter [1 lot] when the stoch crossovers and the EMA shows a continuous trend.
Most of the times we would end up holding 1Xlot and on reversals/re-entires hold 2X lot.
I am testing this method for the current month's miniNF series. Please do let me know if you have any suggestions.
Regards,
-Sri
I am trying to exactly do that .
Hourly charts, 5/13 EMA and the Stoch.
Entries and Exits same as that of Pride's method, start with minimum 2 lots [or to say 2X the lot size].
Exit 1 lot [2X/2 lot size] on a Stoch crossover in the Overbought/Overshold zone and hold the other lot with a tight-trailing-SL.
Re-enter [1 lot] when the stoch crossovers and the EMA shows a continuous trend.
Most of the times we would end up holding 1Xlot and on reversals/re-entires hold 2X lot.
I am testing this method for the current month's miniNF series. Please do let me know if you have any suggestions.
Regards,
-Sri
The idea is promising....preliminary study of chart and oscillator shows that it should work....however needs more back and forward testing....hourly charts have a tendency to stay in OB/OS zone for extended periods of time.....we need to tackle this with oscillator qualifiers...
Smart_trade