Quote:
Originally Posted by bossxero
Using this system for predicting the trend is just a big waste because there are more simpler and easier ways of doing it. What about the system performance when it does not coincide with the news?
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If it does not coincide with the news it works fine and may give you up to 25 pips. Let us say if the move is 80 pips you just get some of it. This is because you enter after you make sure that the move up or down has been confirmed. The strategy is only to set 20 pips. At the same time if you keep watching the trend all the time then you can decide to stay and take more profit.
Also I would appreciate that you help me to get the best method for predicting the trend if this method is a big waste of time. I am new in the forex market.
Thanks