I can't believe it, my previous post where the indicator appeared for a short entry and then disappeared because the markets were going the other way has now indicated again for a short. Note, that there is no sign of the previous indicator... the market fell but now going up, if the indicator disappears again - it is purely fraudulent!
I have been backtesting this system which looked really good using the Metatrader software. Basically, it told you when the market was trending up or down and if you place a trade when the trend changes and just follow it (from the backtesting), you would be in the money! However, there are indicators in Metatrader which repaint. What this means is that you may be given a signal to enter a position but if the markets move the opposite way, the indicator suddenly disappears. What this means is
For those who read yesterdays post where I had missed out on a nice 55 pip profit on the EURUSD as my system had not identified the exit went to hit the stop target which meant a 28 pip loss overall is rather annoying. This actually means that your account, if you take a nominal starting account of 100 for example, was 155 if I had closed when I thought I should have closed to 72 after the stop was hit. You can see that this means that in fact, I lost an overall of 55 + 28 = 83 pips which is a l
